Exclusive Designer Villa, Skocidjevojka, Budva
Budva · Skočiđevojka · 580 m² · 6 beds · 6 baths
€5,000,000
Exclusive
PiM
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Property in Montenegro Team
Investment Opportunity in Rezevici
Budva · Reževići
€2,500,000
Buying with residence in mind? The permit threshold is €150,000 of tax-assessed value — the figure in the Tax Administration’s transfer tax decision, not the asking price. Citizens of the EU, EEA and Switzerland are exempt from it. How residence through property works →
- Asking price
- €2,500,000
- Transfer tax
- €142,000
- Notary & registration
- Scales with value
- Price plus transfer tax
- €2,642,000
We do not record which of the two applies to an individual listing, and it changes the tax entirely: on a first sale the seller accounts for VAT and the buyer owes no transfer tax at all.
Indicative, calculated on the asking price. The taxable value is set by the Tax Administration and may differ. Annual municipal property tax is charged separately and cannot exceed 1% of value.
- Plot
- 10,180 m²
- Location
- Budva · Reževići
- Type
- Land
- Transaction
- For sale
- Listing ID
- 32364
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Details
About this property
Development land with the approval from the State architect, great location with open sea views.
Land area: 10,180 m2
Total buildable gross area: 10,878 m2
Total net area: 9,436 m2
Total net sellable: 5,902 m2
No. of apartments: 74
No. of garage places: 81
74 stylish apartments in 4 exclusive dwellings of which 18 hotel suites/apartments will be located in a 5 Star boutique hotel.
The apartments range from 40 sqm for hotel suites to 200+ m2 for exclusive penthouses with spectacular terraces.
More than 60% of the units are between 40-65 m2 in size to cater to Montenegro’s most attractive investment market.
All units have very sizeable balconies or terraces to allow visitors to enjoy the unique Mediterranean outdoor lifestyle.
The plot size is 10,180 m2 of which only 25% will be covered by buildings to preserve the beautiful nature this part of the coast is known for and loved by visitors and investors.
The draft and main design have been approved and only need to be updated to Eurocode regulations and be audited.
The tender process for the participation of construction companies was concluded. A construction period of 18 to 24 months is forecasted.
Location
Location
Budva · Reževići
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Investment Opportunity in Rezevici
€2,500,000
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