Studio House in Budva, Montenegro No. 66752
ID66752
$ 1 578 901
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 AreaKey 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.
Budva - Statistics
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| Parameters | Budva |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 823.40 |
| Apartment (1 bedroom) Outside of Centre | $ 612.17 |
| Apartment (3 bedrooms) in City Centre | $ 1 760.12 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 304.88 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 044.72 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 767.93 |
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| Parameters | Budva |
|---|---|
| Crime Index | 27.22 |
| Cost of Living and Rent Index | 33.05 |
| Purchasing Power Index | 46.48 |
| Property Price to Income Ratio | 17.91 |
| Safety Index | 72.78 |
| Traffic CO₂ Index | 0.00 |
| Traffic Inefficiency Index | 6.30 |
| Rent Index | 21.70 |
| Health Care Index | 44.84 |
| Groceries Index | 38.71 |
| Pollution Index | 24.88 |
| Traffic Commute Time Index | 20.00 |
| Restaurant Price Index | 45.71 |
| Climate Index | 89.65 |
| Cost of Living Index | 42.14 |
| Quality of Life Index | 154.09 |
| Traffic Index | 26.98 |
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| Parameters | Budva |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 13.71 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 52.72 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 9.49 |
| Domestic Beer (0.5 liter draught) | $ 3.16 |
| Imported Beer (0.33 liter bottle) | $ 2.64 |
| Coke/Pepsi (0.33 liter bottle) | $ 1.88 |
| Water (0.33 liter bottle) | $ 1.58 |
| Cappuccino (regular) | $ 2.38 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.42 |
| Loaf of Fresh White Bread (500g) | $ 1.05 |
| Eggs (regular) (12) | $ 2.94 |
| Local Cheese (1kg) | $ 8.07 |
| Water (1.5 liter bottle) | $ 0.91 |
| Bottle of Wine (Mid-Range) | $ 7.91 |
| Domestic Beer (0.5 liter bottle) | $ 1.17 |
| Imported Beer (0.33 liter bottle) | $ 2.06 |
| Cigarettes 20 Pack (Marlboro) | $ 4.01 |
| Apples (1kg) | $ 1.21 |
| Chicken Fillets (1kg) | $ 6.78 |
| Oranges (1kg) | $ 1.42 |
| Potato (1kg) | $ 1.13 |
| Lettuce (1 head) | $ 1.24 |
| Rice (white), (1kg) | $ 2.27 |
| Tomato (1kg) | $ 2.74 |
| Banana (1kg) | $ 1.85 |
| Onion (1kg) | $ 1.41 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 10.45 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.11 |
| Monthly Pass (Regular Price) | $ 34.27 |
| Gasoline (1 liter) | $ 1.60 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 27 415.69 |
| Taxi Start (Normal Tariff) | $ 1.05 |
| Taxi 1km (Normal Tariff) | $ 1.42 |
| Taxi 1hour Waiting (Normal Tariff) | $ 15.82 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 24 252.34 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 138.22 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 28.87 |
| $ 17.72 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 811.27 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.93 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 50.61 |
| Tennis Court Rent (1 Hour on Weekend) | $ 21.79 |
| Cinema, International Release, 1 Seat | $ 5.27 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 105.44 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 35.15 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 111.60 |
| 1 Pair of Men Leather Business Shoes | $ 193.32 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 390.15 |
| International Primary School, Yearly for 1 Child | $ 9 173.71 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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Budva
House
2200 m²
- m²
- sq. ft
$ 1 578 901
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