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Residential Building with 4 Apartments in Ulcinj

Budva Center, Montenegro±250m approximate
€230,500
1450/m²· 12 views📊 PPTX
No photos available
bed
5
bath
4
Size
159m²
Built
2014
Furnishing
Furnished

Description

This is a well-maintained house in Budva Center, Montenegro. This property offers sea view, located on the 1st floor, fully furnished. Key highlights include terrace, air conditioning. Built in 2014. A compelling investment or primary residence in Budva Center, one of Montenegro's most desirable coastal areas.

Property Verification

⚠️Tier 1 — Cadastre records found

We located this property in Montenegro's public cadastre and confirmed the parcel exists. Full ownership and encumbrance details could not be retrieved at the time of verification, often due to a temporary delay in the cadastre service.

Confirmed: Cadastral parcel exists
Not confirmed yet: Owner identity, encumbrances, recent transfers
Location
Budva, Budva Center
Parcel

Verification Status

  • Coordinates provided
  • Parcel number not provided
  • Ownership not independently checked
Get Official Verification

Our team checks ownership records, encumbrances, and building permits against the official cadastre.

Request Verification — €29
🏛️Cadastre DetailsLN 3211
🏠Residential buildings· 24328 unitsLegalized
🏗️ Six-story building + Basement
🔴Encumbrance Summary

This property has the following records on its cadastre file:

  • 5 mortgage record(s)
  • 2 other administrative note(s)

Most recent activity: 2025

What this means:

Independent legal review strongly recommended before purchase. The property has lawsuits, multiple mortgages, or sale restrictions on file.

Information sourced from public Montenegro cadastre. Not legal opinion. Independent verification recommended before purchase.

⚖️ Cadastre verification is a first-pass screening based on available public or submitted information. It does not replace legal due diligence, notarial review, or official cadastre confirmation before signing.

€230,500
🏠 Residency Eligible
1450/m² · 159
$264,061 USD · £199,309 GBP · ₺12,268,916 TRY · ₽19,555,540 RUB
10% down: €23,050·20% down: €46,100
👁️ 12 views📅 49 days ago
Sasha
Listed 49 days ago

🎓 Expert Opinion

Get a professional valuation from a local property expert.

Total Cost Calculator

Estimate every fee that lands on top of the asking price.

20% · €46,100
Transfer tax€8,525
Notary (~1%)€2,305
Registration (€150)€150
Legal (~1.5%)€3,458
Total cash needed€60,538
Financed amount€184,400

Buyer fees in Montenegro total ~5–6% of the purchase price.

Financial Tools

Down payment (%)20%
Interest rate (%)5.5%
Term (years)25yr
EST. MONTHLY PAYMENT€1,132/month
TOTAL INTEREST€155,313
TOTAL PAID€339,713
Compare scenarios
ConservativeBest value
30% down · 20y · 5%
€1,065/month
+€94,211
Standard
20% down · 25y · 5.5%
€1,132/month
+€155,313
Aggressive
10% down · 30y · 6%
€1,244/month
+€240,306

Budva Market Insights

Average price€3,200/m²
This listing€1,450/m²
55% below area average
YoY price change
+12%
Supply
Tight
Rental market
Avg rent
€1,370/month
Gross yield
5.1%

Source: MONSTAT Q4 2024

Buying as a Foreigner?

Foreigners can buy residential property in Montenegro on the same terms as citizens.
No residency required to purchase.
What you need
  • · TIN (tax identification number)
  • · Valid passport
  • · Montenegrin bank account (recommended)
Closing costs on this listing
Transfer tax€8,525
Notary (~1%, min €500)€2,305
Legal fees€1,500 – €3,000
Registration€150
Total on top of price~€12,480€13,980
Residency pathway
This property qualifies for a residency permit.
  • 1-year temporary permit, renewable annually
  • No minimum stay requirement
  • Family members can be included
Read the full foreigner buying guide

Buying Property in Montenegro — FAQ

What documents do I need to buy property in Montenegro?

Foreign buyers need a valid passport, proof of funds, and a Montenegrin tax number (PIB). The process is straightforward and typically completed within 4-8 weeks with the help of a local lawyer.

Are there any restrictions for foreign buyers?

Foreign buyers — EU and non-EU alike — can purchase residential property (apartments, houses, villas) on the same legal basis as Montenegrin citizens. Some restrictions apply: agricultural land, forests, and properties in specific border or protected zones typically require a Montenegrin-registered company. Our team guides you through the entire process.

What are the total buying costs?

Expect 5-8% in additional costs on top of the purchase price: progressive transfer tax (3-6%), notary fees (€50-200), legal fees (1-2%), and registration fees. Use our cost calculator for an exact estimate.

What's nearby

Within 500m walking distance

Bus stops
  • Bus Station only for tourist buses98 m
  • Crvena zgrada200 m
  • Opština210 m
Restaurants
  • Restaurant Aquarius130 m
  • Kod Iva160 m
  • Tropico200 m
Cafés
  • Akacia140 m
  • Soul Food190 m
  • WOW Caffe220 m
Pharmacies
  • Поповић250 m
  • Tea Medica340 m
  • Uniprom Pharm360 m
Supermarkets
  • Aroma290 m
  • Budvanska riviera slovenska plaza320 m
  • Mega Market 1370 m

Data from OpenStreetMap (ODbL)

Residential Building with 4 Apar... — €230,500 | MN Housing