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AI Summary

A luxurious 650 sq. m hotel in the very heart of Budva offers 11 exquisite bedrooms and stylish common areas designed for guests’ comfortable stay. The property is located just 500 meters from the azure coastline, making it an ideal choice for a successful tourism business in one of Montenegro’s most popular resorts.

No. 881

Hotel in Budva No. 881

Budva · Budva Riviera, Budva, Montenegro
€2,625,000
View: City view

Details

Area
650 m²
Land area
500 m²
Bedrooms
11
Bathrooms
11
Parking
Yes
To sea
500 m
Price per m²
€4,038

Description

A magnificent hotel in the city of Budva. It is located in an excellent place, protected from city noise. The villa, with a total area of 650 m2, has four floors, ten apartments and two apartments of 90 m2, a garage of 20 m2, a parking space and an inner courtyard of 100 m2 with a wooden house of 25 m2 and a basement of 20 m2. The apartments are located on the first and top floors, and the guesthouse on the second and third. Solar panels provide hot water. Wiring has been installed for central air conditioning and heating.
The guesthouse has 6 one-bedroom apartments (about 25 m2) and 4 two-bedroom apartments (about 60 m2). All apartments are furnished and have terraces.
Various shops, restaurants, and bars are located in the immediate vicinity.
The bus station is 700 meters away, the sea is 600 meters away, and a walk to the Old Town will take 15 minutes. An excellent offer.

Amenities

Swimming poolCity viewAir conditioningParkingGardenTerrace

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
€2,625,000
Property transfer tax
€149,500
€4,500 (3% × 150,000) + €17,500 (5% × 350,000) + €127,500 (6% × 2,125,000)

Notarial deed details

Buyers
1
Sellers
1

By default the notary fee assumes a two-party deal (1 seller and 1 buyer) without a court interpreter, with the notary filing the cadastre application. Each party beyond two adds 5% of the tariff, each interpreter adds €15, and 21% VAT is charged on the full amount. Not included: work outside office hours, at weekends or on public holidays (+25%, at least €50), the notary travelling to you (+€35 per started hour plus travel costs), powers of attorney (€60 + VAT each). The notary may use the property's market value if the contract price is lower.

Possible additional costs (not in the total)

Government fees

  • Cadastre registration of title (state fee)from €30
  • Title sheets (listovi) for the dealfrom €7
Total required costs€152,742
Estimated costs to purchase the propertyTotal: €2,777,742

Location

What's nearby

  • SchoolE-Gimnazija91 m
  • KindergartenSmart-bee655 m
  • GroceriesKaramela doo35 m
  • Pharmacy62 m
  • HospitalDom zdravlja463 m
  • RestaurantSun Light39 m
  • Bus stop80 m
  • ATM99 m
  • AirportTivat Airport15.5 km
  • PortMarina Budva1.5 km
  • Sea500 m

Frequently asked questions

Yes. Foreign nationals can buy apartments and houses in Montenegro on the same terms as citizens, with full ownership rights. Restrictions apply only to certain agricultural and undeveloped land, which foreigners usually acquire through a Montenegrin company. We handle the entire legal process.
Buying costs depend on the property. Montenegro’s real-estate transfer tax is progressive — the rate depends on the value — and newly built homes are subject to VAT on the first sale. Add notary, registration and optional lawyer fees. The easiest way to get an exact figure for this property is our purchase-cost calculator.
This property is about 500 m from the sea.
Montenegro’s coast has strong seasonal short-term demand and growing long-term demand from people relocating. Actual returns depend on location, furnishing and management — ask us for a projection for this specific property.
Under the new law, a property purchase supports a temporary residence permit only if the property is residential and worth at least €150,000. The rules change periodically, so confirm the current requirements with us.

Calculate mortgage

Beta · still being polished
Property price
€2,625,000
yrs
5 yrs30 yrs
%
3%9%

Bank rates

Beta · still being polished
CKB Bank
CKB Bankbest
fixed for 5 years · 7 days
5.9%
€13,059/mo
NLB Banka
NLB Banka
variable Euribor + 4.2% · 10 days
6.3%
€13,484/mo
Erste Bank
Erste Bank
fixed for 3 years · 14 days
6.5%
€13,700/mo
Monthly payment
€12,127
Over 240 months · at 5.0% p.a.
63%principal
Loan amount€1,837,500
Total interest€1,072,905
Loan amount
€1,837,500
Total interest
€1,072,905
Total payment
€2,910,405

Want to know how much you can actually get approved for?

< 1 minNo obligation3 banks at once

Rates shown as "from". Final offer depends on your credit profile and the bank's conditions.

€2,625,000
€4,038/m²No. 881