Hillside-apartments-Herceg-Novi-area

Type: Apartment
Company: Property-Venture
Price: £ 102,362.00 Exchange rate used at date of posting

Fabulous Fjord views from this lovely location at the entrance to the bay of Kotor, Montenegro with views of the Lustica Peninsula and Mount Lovcen. 1,2 and 3 bed apartments availablein the small complex of 36 apartments. Restaurants and shops nearby.

Montenegro is a beautiful, coastal republic located on the Adriatic sea, just south of Croatia, facing Italy over a narrow stretch of sea. Famous for its breathtaking scenery, it is a politically stable country that is unspoilt. Despite being as beautiful as its neighbour, Croatia, its property prices are considerably cheaper.

The Montenegro government recognises that the coastal region is the country's greatest asset and is taking firm steps to protect it from some of the over-development experienced in parts of Spain. This will limit the supply of coastal property and will lead to continuing price appreciation for properties by the sea.

One of Europe's most popular tourist destinations of the 1980s, Montenegro is starting to regain that position today and is recognised as one of the fastest-growing tourist destinations.  The climate is Mediterranean, with warm, balmy Summers (average temperature 27C) and short, mild Winters.

These apartments (36 in total) are part of an exclusive development, combining high quality natural materials with traditional Mediterranean architecture. Red sloping roofs and shutters, large balconies, terraces and communal Piazzas, the development is designed in the style of a typical Venetian Village.

Apartments are located in four low-rise buildings: A,B,C,D (9 apartments in each building), all of which are 3 storeys high.

One-bedroom; two-bedroom; three-bedroom apartments (only 3 of them in D block)

Included in the price are: fitted kitchen + white goods; a parking space per apartment

The development is facing the South, so it’s sunny all day (especially in summer-from 6 a.m to 8 p.m.)

• 500m away from the sea
• Sea-views
• Small pebble beaches on the coast of the Village -close to Herceg Novi
• 25 km away from Dubrovnik airport
• 40km away from Kotor Old Town

Reservation procedure:
€10,000 is the Reservation deposit (a part of the first installment). Signed and completed Reservation Agreement with paid deposit is an official reservation procedure and after that a reserved apartment is removed from the market.

Payment Instalments are:
30% - (includes any deposit) - from Sep 2008
20% - Foundations completed - approximately 2 months after
30% - Roof Completed - approximately 7 months after
20% - Keys handover - approximately 4 months later

In total allow for 13-18 months to build.

     

Local Price: €130,000 (inc 17% VAT) Original currency - used to convert to £
Property Build: New Build
Country: Montenegro
Montenegrin town of: Herceg Novi
Inland-Coastal: Coastal
House Size: 52.5SqM
Livingrooms: 1
Bathrooms: 1
Bedrooms: 1
Home Features:

• Air Conditioning
• Parking
• Hardwood Floors
• Modern Style
• Cul de Sac
• Kitchen Appliances
• Balcony
• Courtyard
• Pool

Community Features:

• Shops
• Restaurants

Reference Number: 30004
Property Category: Residential
Investment Category:

• Buy to let Property
• Holiday Home