Plot of land in a picturesque and secluded village of Vesla, in the coastal area of Lustica Peninsula, Montenegro

1,806,000 €

Land area
8,600 m²

Check availability of the property

Send the listing to yourself

Features

Beachfront
Sea view

The south-facing plot is perfectly positioned on the slope of the hill, covered with lush southern vegetation, and only steps away from the waterfront, hidden pebble beaches and azure waters of the Adriatic. With over 300 days of sunshine a year, stunning olive groves and vineyards, old stone houses, village churches and picturesque roads, this part of Lustica gives the true spirit of the Mediterranean.

Characteristics

The plot 8,600 м² in size and offers uninterrupted, breath-taking views over the Adriatic. The land will be urban area by a planning document which is to be adopted in the spring of 2016. The owner submitted application for the approval of the construction of 20 luxury villas. The infrastructure is in the vicinity and the plot has direct road access.

Property on the map

Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other development land for sale in Montenegro.

You can see more development land for sale in Luštica elsewhere on our website.

Statistics in Montenegro

Price per m², €

1,458

Healthcare efficiency level

Index 43 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate

Index 60 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Compare with: London, Berlin, New York City, other location

Real estate	Price, €
Apartment in the city centre, m²	1,457.91
Apartment in a bedroom community, m²	1,053.03

Transport	Price, €
Public transport, 1 ride	0.9
Monthly travel card	30.0
Taxi, 1 km	0.5
Petrol, 1 l	1.31

Food	Price, €
Water, 1.5 l	0.58
Milk, 1 l	0.77
White bread, 500 g	0.56
Eggs, a dozen	1.42
Chicken fillet, 1 kg	5.11

Education	Price, €
Kindergarten, per month	126.5
International school, per year	8,833.33

Health care	index
Staff competence	34.72
Medical equipment	41.18
Research accuracy and completeness	38.89
Attitude towards patients	41.67

Security	index
Crime rate	36.51
The risk of being robbed	31.64
The risk of car theft	39.11
The risk of break-in and property damage	45.7

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

How to buy property with Tranio

Enquiry

Send us an enquiry with an approximate description of the property or investment project you’re interested in.

Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

Transaction closure

Having chosen the best property, you will sign the sales or investment agreement (for development).

FAQs

Can I get a mortgage abroad?

It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

How does the purchase procedure work?

The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

Can a residence permit be obtained by buying property?

In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

Can I obtain income from a seaside apartment?

Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

How does Tranio make money if your service is free for the clients?

We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

Who guarantees the transaction security?

The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.