AI Summary

A unique 200 sq. m hotel in picturesque Rafailovići, located just 80 meters from the azure coastline. The property includes 10 cozy bedrooms and well-planned infrastructure, making it an ideal turnkey business for investment in Montenegro's tourist real estate. Its excellent location and proximity to the sea guarantee a steady flow of guests and high income potential.

Mini Hotel in Rafailovići No. 1087

Rafailovici · Budva Riviera, Rafailovići, Montenegro
750 000 €
View: Sea view

Details

Area
200 м²
Land area
300 м²
Bedrooms
10
Bathrooms
8
Year built
1813
To sea
80 m
Price per m²
3 750 €

Description

In the small resort town of Rafailovići, a stone house - a mini hotel from 1813 - is for sale.
The house has a total area of 200 m2, is located on a 300 m2 plot, and is only 80 m from the sea.
Inside, the house was completely renovated in 2016.
The mini-hotel has 4 floors, with the following layout: four apartments and six studios.
There is a private courtyard with lemon, mandarin, pomegranate, grapevine, palm, and many flowers. All rooms are furnished and ready for rent. Within walking distance are a supermarket, restaurants, and a clinic.
Studios No. 1, No. 2, and No. 3 are located on the fourth floor, with sea views.
Studios No. 4 (courtyard view), No. 5, and No. 6 (sea view) are located on the third floor. Each studio has: a bathroom, two sofa beds with orthopedic mattresses, a refrigerator, internet TV, WI-FI, air conditioning, a table, a wardrobe with shelves and hangers, and an electric kettle. Each studio is about 17 m2.
Apartments No. 7 and No. 8 are located on the second floor. A large bed, equipped kitchen, sofa bed, internet TV, air conditioning, bathroom, WI-FI. Each apartment is approximately 30 m2.
On the second floor there is also an apartment for the owners. Apartment No. 9 is located on the first floor and has its own small piece of the courtyard.

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
750 000 €
Real estate transfer tax
37 000 €
4 500 € (3% × 150 000) + 17 500 € (5% × 350 000) + 15 000 € (6% × 250 000)

Possible additional costs

  • Cadastre applicationsfrom 30 €
  • Ownership sheets (listovi) for the dealfrom 7 €
  • Sworn translator services· per contract / hourfrom 50 €
Total required costs38 241 €
Estimated costs to purchase the propertyTotal: 788 241 €

Location

Frequently asked questions

Yes. Foreign nationals can buy apartments and houses in Montenegro on the same terms as citizens, with full ownership rights. Restrictions apply only to certain agricultural and undeveloped land, which foreigners usually acquire through a Montenegrin company. We handle the entire legal process.
Buying costs depend on the property. Montenegro’s real-estate transfer tax is progressive — the rate depends on the value — and newly built homes are subject to VAT on the first sale. Add notary, registration and optional lawyer fees. The easiest way to get an exact figure for this property is our purchase-cost calculator.
This property is about 80 m from the sea.
Montenegro’s coast has strong seasonal short-term demand and growing long-term demand from people relocating. Actual returns depend on location, furnishing and management — ask us for a projection for this specific property.
Under the new law, a property purchase supports a temporary residence permit only if the property is residential and worth at least €150,000. The rules change periodically, so confirm the current requirements with us.

Calculate mortgage

Beta · still being polished
Property price
€750,000
yrs
5 yrs30 yrs
%
3%9%

Ставки банков

Beta · still being polished
CKB Bank
CKB Bankлучшая
фикс. на 5 лет · 7 дн
5.9%
€3,731/мес
NLB Banka
NLB Banka
плавающая Euribor + 4.2% · 10 дн
6.3%
€3,853/мес
Erste Bank
Erste Bank
фикс. на 3 года · 14 дн
6.5%
€3,914/мес
Monthly payment
€3,465
Over 240 months · at 5.0% p.a.
63%тело
Loan amount€525,000
Total interest€306,544
Loan amount
€525,000
Total interest
€306,544
Total payment
€831,544

Want to know how much you can actually get approved for?

< 1 minNo obligation3 banks at once

Rates shown as "from". Final offer depends on your credit profile and the bank's conditions.

750 000 €
3 750 €/m²1087