Would there be a way or is it allowed to knock out a wall or something to combine 2 of the apartments or all 3? just curious. If i was going to buy all 3 thatd be something id be interested in doing. Just not sure of the 3 apartment layout or regulations for old town.
The 3 apartments are stacked on top of each other. Although there are rules about the external look of the properties in UNESCO protected Kotor Old Town, there are little to no requirements for the internal space, unless to protect extraordinary elements such as original murals, for example.
Thank you, glad you like our videos. You can find all our listings here www.rightmove.co.uk/overseas-property/find/ntRealty/Tivat.html?locationIdentifier=BRANCH%5E108032&sortType=2&index=80
Great Video Bud!! What is the cost of construction per sq ft in Montenegro for a new development of 4 floor building with 2 apartments each floor, so 8 in total ?
It depends on where you want to build. Access to your plot (whether difficult to access or a long distance from the suppliers, builder), and which town, typically, building in Kotor or Tivat is more expensive. I’ve heard of and seen building at €350m2 and it’s really terrible. Low quality build could be £500-600m2 good build quality around €800m2, luxury €1000-1200m2 and deluxe from €1400m2. The variation on build costs is usually down to quality of finishes/materials. Note that some raw material prices such as wood and steel have skyrocketed recently, so the above prices may be vastly changed. If you have a project from an architect you should also have a Bill of Quantities (BoQ). The better the boq with more detail for material specification, the more accurate the estimate. With the boq you can then go to a reputable builder and talk about costs/quality.
@@MontenegroRealEstate Thanks for your prompt reply, will connect with you soon as I have a project in mind-will either go for a luxury boutique hotel or a land development project, both in Kotor, Budva or Tivat. Will seek your guidance, Cheers :)
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Would there be a way or is it allowed to knock out a wall or something to combine 2 of the apartments or all 3? just curious. If i was going to buy all 3 thatd be something id be interested in doing. Just not sure of the 3 apartment layout or regulations for old town.
The 3 apartments are stacked on top of each other. Although there are rules about the external look of the properties in UNESCO protected Kotor Old Town, there are little to no requirements for the internal space, unless to protect extraordinary elements such as original murals, for example.
Really like your videos and am thinking of moving to Montenegro in the future. Do you have a website as I struggling to find it? Cheers
Thank you, glad you like our videos. You can find all our listings here www.rightmove.co.uk/overseas-property/find/ntRealty/Tivat.html?locationIdentifier=BRANCH%5E108032&sortType=2&index=80
Poor old Kotor will go the same as Dubrovnik, all rentals and no locals. It will kill the atmosphere.
What is the high and low Airbnb nightly ROI (seasonal dependent)?
Getting an annual yield of around 8% . WhatsApp me for a chat if you like. Just agreed the sale of 1 apartment today.
Great Video Bud!!
What is the cost of construction per sq ft in Montenegro for a new development of 4 floor building with 2 apartments each floor, so 8 in total ?
It depends on where you want to build. Access to your plot (whether difficult to access or a long distance from the suppliers, builder), and which town, typically, building in Kotor or Tivat is more expensive. I’ve heard of and seen building at €350m2 and it’s really terrible. Low quality build could be £500-600m2 good build quality around €800m2, luxury €1000-1200m2 and deluxe from €1400m2. The variation on build costs is usually down to quality of finishes/materials. Note that some raw material prices such as wood and steel have skyrocketed recently, so the above prices may be vastly changed. If you have a project from an architect you should also have a Bill of Quantities (BoQ). The better the boq with more detail for material specification, the more accurate the estimate. With the boq you can then go to a reputable builder and talk about costs/quality.
@@MontenegroRealEstate Thanks for your prompt reply, will connect with you soon as I have a project in mind-will either go for a luxury boutique hotel or a land development project, both in Kotor, Budva or Tivat.
Will seek your guidance, Cheers :)
Sounds like a great plan. Looking forward to meeting/connecting with you when you’re ready.
From your experience, what is the kind of rental yield on that set of properties?
8-10% Gross.
@@MontenegroRealEstate Oh... that's not so good. Net would make what, ~6%? that's like 0,5% per month.
Stay there myself good location
Wow nice property.
Thank you.
Are those three units the whole of the building you entered from the street?
Not the whole building, the top 3 floors.
@@MontenegroRealEstate Thank you Peter ... is your info@ntRealty.me the best means of communications for further questions?
You have any instalment plans
Sorry, there isn’t. And all 3 of the apartments have sold.
Nice peter
Thanks Dean!!!