PROJECTS
Discover our housing development projects along the Montenegro coast.
TOURIST RESIDENCES
Budva – 1 700 m² of housing development
The project consists in realizing 1 700 m² of housing development on a 7853 m² land tax (for a maximal total of 24 plots of land of an average surface of 60 m²), intended for a tourist residences, as well as the development of a common green zone (2 tennis, swimming pool, playing fields) as well as a private beach situated at a distance of 800 m from the site.
Thanks to its positioning on the Adriatic, its closeness with the main European capitals, its climate and its environment. The Montenegro coast represents a major sector of tourism development.
An undeniable advantage the bay of Kotor provides is the shelter it offers. During the “Titoism” years Tivat was a shipyard, thus the construction of tourist facilities did not happen at that time, allowing now the possibility of high-end and luxury tourism such as the construction of Porto Montenegro.
The land tax representing a serious stumbling block for the projects, the availability of grounds as well as their constructibility was the starting point of this operation strengthened by the integration in the property of a 30 m waterfront beach.
- Tourist residences
- 30m waterfront beach
- 2 tennis courts, playing fields, swimming pool
Administrative checks are made as regards of plots property. An appointment with Tivat’s mayor, who now deals with building permits for the coastal zone, allowed to meet building criteria.
A feasibility study was established on the basis of these information.
The file has to be compiled by a Montenegrin right ad-hoc company (it is a legal obligation) sales are to be registered by a Lawyer or a Solicitor who will take care of the recording with the administrative court (2% fees at the buyer’s charge).
Funds are to be transferred to a Montenegran bank account (The outstanding balance being used as a pledge established by a bank from the European space).
The cost of the land tax represents an important part of the projects realized in Montenegro. Regarding this project, the cost of the land tax is about 200€ / m2 for a total of 1 570 000 €; In order to avoid an excessive capital outlay, most of the owners accept the idea of funding an umbrella company for 25% of the outcome, and for every plot.
The capital outlay is of 2 000 000 € at most, including :
- the cost of construction
- the architect and design office fees
- associated costs : ( public streets are to be built by the municipality, however, since the municipality have no say about the project, a more cautious approach is to foresee the construction of a portion of these streets so they are achieved at the same time as the project)
- Legal and administrative fees (VAT, registration and diverse fees)
- The technical fees of the delegated project ownership
Naturally, this capital outlay of 2 000 000 € represents the total cost of this operation and doesn’t include the sales prior to delivery (this cost has to be partially available and used as a warrant for the sale).
The value of the sale of lots is considered at a minimum of 4 000 – 4 500 € /m2 (this price includes access rights to the swimming pool and tennis, as well as a preferential path to the private beach); the local Real Estate market allowing higher prices, but this amount seems reasonable.
VILLA
Budva – 450 m²
Feasibility for a villa on the plot of land UP 4.11
SHON 450 m²
Cost of the construction (all fees included) : 500 000€
Thanks to its positioning on the Adriatic, its closeness with the main European capitals, its climate and its environment. The Montenegro coast represents a major sector of tourism development.
An undeniable advantage the bay of Kotor provides is the shelter it offers. During the “Titoism” years Tivat was a shipyard, thus the construction of tourist facilities did not happen at that time, allowing now the possibility of high-end and luxury tourism such as the construction of Porto Montenegro.
The land tax representing a serious stumbling block for the projects, the availability of grounds as well as their constructibility was the starting point of this operation strengthened by the integration in the property of a 30 m waterfront beach.
Administrative checks are made as regards of plots property. An appointment with Tivat’s mayor, who now deals with building permits for the coastal zone, allowed to meet building criteria.
A feasibility study was established on the basis of these information.
The file has to be compiled by a Montenegrin right ad-hoc company (it is a legal obligation) sales are to be registered by a Lawyer or a Solicitor who will take care of the recording with the administrative court (2% fees at the buyer’s charge).
Funds are to be transferred to a Montenegran bank account (The outstanding balance being used as a pledge established by a bank from the European space).
The cost of the land tax represents an important part of the projects realized in Montenegro. Regarding this project, the cost of the land tax is about 200€ / m2 for a total of 1 570 000 €; In order to avoid an excessive capital outlay, most of the owners accept the idea of funding an umbrella company for 25% of the outcome, and for every plot.
The capital outlay is of 2 000 000 € at most, including :
- the cost of construction
- the architect and design office fees
- associated costs : ( public streets are to be built by the municipality, however, since the municipality have no say about the project, a more cautious approach is to foresee the construction of a portion of these streets so they are achieved at the same time as the project)
- Legal and administrative fees (VAT, registration and diverse fees)
- The technical fees of the delegated project ownership
Naturally, this capital outlay of 2 000 000 € represents the total cost of this operation and doesn’t include the sales prior to delivery (this cost has to be partially available and used as a warrant for the sale).
The value of the sale of lots is considered at a minimum of 4 000 – 4 500 € /m2 (this price includes access rights to the swimming pool and tennis, as well as a preferential path to the private beach); the local Real Estate market allowing higher prices, but this amount seems reasonable.
GUEST HOUSES
Budva –
Guest Houses on the plot of land UP 4.14
SHON 300 m²
Cost of the construction (all fees included) : 400 000€ in 2 phases (200 000 € per phase)
Thanks to its positioning on the Adriatic, its closeness with the main European capitals, its climate and its environment. The Montenegro coast represents a major sector of tourism development.
An undeniable advantage the bay of Kotor provides is the shelter it offers. During the “Titoism” years Tivat was a shipyard, thus the construction of tourist facilities did not happen at that time, allowing now the possibility of high-end and luxury tourism such as the construction of Porto Montenegro.
The land tax representing a serious stumbling block for the projects, the availability of grounds as well as their constructibility was the starting point of this operation strengthened by the integration in the property of a 30 m waterfront beach.
Administrative checks are made as regards of plots property. An appointment with Tivat’s mayor, who now deals with building permits for the coastal zone, allowed to meet building criteria.
A feasibility study was established on the basis of these information.
The file has to be compiled by a Montenegrin right ad-hoc company (it is a legal obligation) sales are to be registered by a Lawyer or a Solicitor who will take care of the recording with the administrative court (2% fees at the buyer’s charge).
Funds are to be transferred to a Montenegran bank account (The outstanding balance being used as a pledge established by a bank from the European space).
The cost of the land tax represents an important part of the projects realized in Montenegro. Regarding this project, the cost of the land tax is about 200€ / m2 for a total of 1 570 000 €; In order to avoid an excessive capital outlay, most of the owners accept the idea of funding an umbrella company for 25% of the outcome, and for every plot.
The capital outlay is of 2 000 000 € at most, including :
- the cost of construction
- the architect and design office fees
- associated costs : ( public streets are to be built by the municipality, however, since the municipality have no say about the project, a more cautious approach is to foresee the construction of a portion of these streets so they are achieved at the same time as the project)
- Legal and administrative fees (VAT, registration and diverse fees)
- The technical fees of the delegated project ownership
Naturally, this capital outlay of 2 000 000 € represents the total cost of this operation and doesn’t include the sales prior to delivery (this cost has to be partially available and used as a warrant for the sale).
The value of the sale of lots is considered at a minimum of 4 000 – 4 500 € /m2 (this price includes access rights to the swimming pool and tennis, as well as a preferential path to the private beach); the local Real Estate market allowing higher prices, but this amount seems reasonable.
JOVANINA PROJECT
Jovanina – 2000 m² of housing development
The project consists in realizing 2 000 m² of housing development on a 4926 m² land tax (for a maximal total of 28 plots of land of an average surface of 60 m²), intended for a tourist residences, as well as the development of a common swimming pool and common playgrounds, as well as a private beach.
Thanks to its positioning on the Adriatic, its closeness with the main European capitals, its climate and its environment. The Montenegro coast represents a major sector of tourism development.
An undeniable advantage the bay of Kotor provides is the shelter it offers. During the “Titoism” years Tivat was a shipyard, thus the construction of tourist facilities did not happen at that time, allowing now the possibility of high-end and luxury tourism such as the construction of Porto Montenegro.
The land tax representing a serious stumbling block for the projects, the availability of grounds as well as their constructibility was the starting point of this operation strengthened by the integration in the property of a 30 m waterfront beach.
Administrative checks are made as regards of plots property. An appointment with Tivat’s mayor, who now deals with building permits for the coastal zone, allowed to meet building criteria.
A feasibility study was established on the basis of these information.
The file has to be compiled by a Montenegrin right ad-hoc company (it is a legal obligation) sales are to be registered by a Lawyer or a Solicitor who will take care of the recording with the administrative court (2% fees at the buyer’s charge).
Funds are to be transferred to a Montenegran bank account (The outstanding balance being used as a pledge established by a bank from the European space).
The cost of the land tax represents an important part of the projects realized in Montenegro. Regarding this project, the cost of the land tax is about 200€ / m2 for a total of 1 570 000 €; In order to avoid an excessive capital outlay, most of the owners accept the idea of funding an umbrella company for 25% of the outcome, and for every plot.
The capital outlay is of 2 000 000 € at most, including :
- the cost of construction
- the architect and design office fees
- associated costs : ( public streets are to be built by the municipality, however, since the municipality have no say about the project, a more cautious approach is to foresee the construction of a portion of these streets so they are achieved at the same time as the project)
- Legal and administrative fees (VAT, registration and diverse fees)
- The technical fees of the delegated project ownership
Naturally, this capital outlay of 2 000 000 € represents the total cost of this operation and doesn’t include the sales prior to delivery (this cost has to be partially available and used as a warrant for the sale).
The value of the sale of lots is considered at a minimum of 4 000 – 4 500 € /m2 (this price includes access rights to the swimming pool and tennis, as well as a preferential path to the private beach); the local Real Estate market allowing higher prices, but this amount seems reasonable.