Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
San Marco, Kotor Bay, Montenegro  
Reference nr: JM890304
Description:

San Marco is one of the most unique property investments available on the beautiful Kotor Bay. Situated in the picturesque town of Dabrota, this exclusive development offers a collection of 32 apartments located within three impressive buildings; a sensitively restored Montenegrin stone house and two new buildings constructed using both traditional materials and methods.

Just two minutes' walk from the town's vibrant centre, the properties will enjoy spacious contemporary interiors offering spaces of up to 82 sq m. The site has allocated parking for every unit and a communal pool with large sunbathing area.

• Attractive entry prices
• Impressive countrywide investment climate
• Great occupancy rates
• West facing location
• Very near to local amenities

According to the World Travel & Tourism Council (WTTC), Montenegro's travel & tourism demand is estimated to have grown by 8.5 per cent in 2005, and is expected to grow by 9.9 per cent per annum, between 2006 and 2015 making the country the fastest growing tourist destination in the world, out of the 174 countries monitored by the WTTC. As a result, there is now a strong demand for high quality rental properties in key coastal locations along the Montenegrin coastline.

Boasting a coastline over 293km long, 117 sandy beaches and coves, the world's second deepest canyon, acres of protected national parks, ski resorts, lakes, and 240 days of sunshine, Montenegro's compact 13,812km of land offers something for everyone.

One and two bedroom apartments from € 97,000
Prices subject to currency fluctuation, all contracts take place in euros

Bedrooms: Bathrooms: Price (€):
1 1 97,000
Features:
City
Submission Date:
01-31-2008
Advertiser Details:


Name:
Joanne Murphy

Company:
Future Properties

Phone:
(0)1 669 4652
Fax:

Mobile:

 
Property Photo Gallery

 

property photo

property photo

property photo

property photo

property photo

property photo

property photo

property photo
 
Calculators

 
Property price: €97,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations