2200m² House for sale in Budva, Montenegro by Montenegro Properties No. 66752

Property description

Excellent investment opportunity to buy an urbanized plot of 2,200 sq m with building permit in place for the construction of 4 residential buildings of 1,000m2 Gross Building Area

Key features:

* each villa has and living area of 180-250sqm and sits on about 400-500 sq m of land

* garages of 50-70 sq m

* swimming pools 10×4 m

* preparation works for the construction are completed

* located at 1,800 m away from the beach.

* the amount of 100,000 eur has been paid for the building fees and taxes

* additional investment of approximately 500,000 eur is needed to complete the project

* estimated time to finish the project is approximately 6 months

There is a possibility to buy all villas or two villas one above the other as well as individually.

Price of the whole project: 1.500.000Eur
Price of individual villa: 400,000-450,000Eur Buying project as it as allows you to alter the project to suit your needs and goals.

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Parameters	Budva
Rent Per Month
Apartment (1 bedroom) in City Centre	$ 879.01
Apartment (1 bedroom) Outside of Centre	$ 637.43
Apartment (3 bedrooms) in City Centre	$ 1 787.91
Apartment (3 bedrooms) Outside of Centre	$ 1 313.03
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	$ 3 421.84
Price per Square Meter to Buy Apartment Outside of Centre	$ 2 699.96

Parameters	Budva
Crime Index	26.27
Cost of Living and Rent Index	35.41
Purchasing Power Index	48.99
Property Price to Income Ratio	17.50
Safety Index	73.73
Traffic CO₂ Index	0.00
Traffic Inefficiency Index	6.30
Rent Index	22.77
Health Care Index	48.24
Groceries Index	40.87
Pollution Index	24.88
Traffic Commute Time Index	20.00
Restaurant Price Index	48.21
Climate Index	89.65
Cost of Living Index	45.21
Quality of Life Index	157.03
Traffic Index	26.98

Parameters	Budva
Restaurants
Meal, Inexpensive Restaurant	$ 14.78
Meal for 2 People, Mid-range Restaurant, Three-course	$ 56.84
McMeal at McDonalds (or Equivalent Combo Meal)	$ 11.37
Domestic Beer (0.5 liter draught)	$ 3.41
Imported Beer (0.33 liter bottle)	$ 2.84
Coke/Pepsi (0.33 liter bottle)	$ 2.18
Water (0.33 liter bottle)	$ 1.43
Cappuccino (regular)	$ 2.78
Markets
Milk (regular), (1 liter)	$ 1.37
Loaf of Fresh White Bread (500g)	$ 1.09
Eggs (regular) (12)	$ 3.10
Local Cheese (1kg)	$ 8.45
Water (1.5 liter bottle)	$ 1.12
Bottle of Wine (Mid-Range)	$ 7.39
Domestic Beer (0.5 liter bottle)	$ 1.21
Imported Beer (0.33 liter bottle)	$ 1.74
Cigarettes 20 Pack (Marlboro)	$ 4.32
Apples (1kg)	$ 1.36
Chicken Fillets (1kg)	$ 8.08
Oranges (1kg)	$ 1.61
Potato (1kg)	$ 1.19
Lettuce (1 head)	$ 1.72
Rice (white), (1kg)	$ 2.23
Tomato (1kg)	$ 2.88
Banana (1kg)	$ 1.91
Onion (1kg)	$ 1.49
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	$ 11.58
Transportation
One-way Ticket (Local Transport)	$ 2.27
Monthly Pass (Regular Price)	$ 39.79
Gasoline (1 liter)	$ 1.72
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	$ 29 557.41
Taxi Start (Normal Tariff)	$ 1.14
Taxi 1km (Normal Tariff)	$ 1.14
Taxi 1hour Waiting (Normal Tariff)	$ 17.05
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	$ 26 146.94
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	$ 149.12
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	$ 31.83
	$ 18.06
Salaries And Financing
Average Monthly Net Salary (After Tax)	$ 874.64
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.93
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	$ 56.68
Tennis Court Rent (1 Hour on Weekend)	$ 23.49
Cinema, International Release, 1 Seat	$ 5.68
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	$ 113.68
1 Summer Dress in a Chain Store (Zara, H&M, ...)	$ 47.37
1 Pair of Nike Running Shoes (Mid-Range)	$ 108.95
1 Pair of Men Leather Business Shoes	$ 198.94
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	$ 407.36
International Primary School, Yearly for 1 Child	$ 9 890.36

Studio House in Budva, Montenegro No. 66752

Property description

Outdoor features