Know about market updates
Buying a finished property is relatively easy, but to build a new building It is necessary to adhere to a few rules. For the beginning, the owner, together with the developer, establishes a payment plan. The plan depends on the individual progress, and will be paid in installments. An example: Negotiate a price that is…
Yearly real estate tax. The real estate tax rate can range from 0.1% to 1.00% of the real estate market value. Electricity (Approximately €50 to €100 per month when in full use) Garbage disposal and communal charges around €10 per month Property Management from €50 to €150 monthly Internet a monthly subscription costs in the…
Foundations laid at Portonovi for Europe’s first One&Only – Luxury resort to open in 2018 The first foundations were laid on Friday, 22 April 2016 for One&Only Portonovi – an integral part of the new luxury lifestyle development being built in Montenegro. In a ceremony attended by the Prime Minister of Montenegro, other senior government…
Reservation deposit Usually €5.000 – €10.000,- Notary Fee for the verification of the Main Sales Contract €350,- pays: buyer For the property valued above €120,000 for each increase of property price of €15.000,- the fee is increased by €10. The maximum Notary fee chargeable is €5.000,- Transfer Tax 3% (+19% VAT) pays:…
English
