FAQs

Prozess der Beschaffung

Der Kauf einer Wohnung von Flora Kotor ist ein einfacher und unkomplizierter Prozess. In diesem Abschnitt beantworten wir die am häufigsten gestellten Fragen zu den einzelnen Schritten des Kaufs. Wir begleiten Sie durch jede Phase und bieten Ihnen alle Unterstützung, die Sie benötigen.

1.How does the purchasing process work?

Purchasing an apartment from Flora Kotor is a straightforward and efficient process:

  1. Request Submission: The client submits a request for the desired apartment, which is promptly reviewed by our team, and a response is provided.
  2. Negotiation and Agreement: Detailed negotiations are conducted with the client regarding the terms of sale, and a mutual agreement is reached.
  3. Sales Contract: After the agreement, a sales contract is prepared and officially documented.
  4. Payment and Sale: The payment is completed, finalizing the sale process.
  5. Deed and Handover: The title deed process is initiated, and the apartment is handed over to the client.
    Throughout this entire process, our team offers full support to our clients.

2. Do I need to be in Montenegro to complete the purchase?

You do not need to be in Montenegro to purchase an apartment at Flora Kotor. All transactions can be completed through a Power of Attorney (PoA) that will act on your behalf. This PoA is prepared in compliance with Montenegrin law and notarized with a Hague Apostille. Our team and legal office provide full support throughout every step of the process.

3. How long does the purchasing process take?

The process of purchasing an apartment at Flora Kotor is quick and straightforward.

  • Sales Contract Process: Once all necessary documents are prepared, the sales contract is usually finalized within 1 week.
  • Title Deed Process: The title deed procedures are completed in approximately 1 month after the contract.

Our team guides you through every step to ensure the process is completed as efficiently as possible.

4. In which currencies can I make the payment?

Payments for apartments at Flora Kotor are made in Euros (EUR). This standard practice ensures simplicity and clarity during transactions. For more information about the payment process, please feel free to contact our team.

Vermietung und Investition

Der Kauf einer Wohnung in der Flora Kotor ist nicht nur der Besitz von Wohnraum, sondern auch eine großartige Investitionsmöglichkeit. In diesem Abschnitt beantworten wir häufig gestellte Fragen zu Mietoptionen, möglichen Mieteinnahmen und den Vorteilen einer Investition in Kotor.

1.Can I rent out the apartment after purchasing it?

Yes, you can rent out your apartment after purchasing it at Flora Kotor. We can connect you with our trusted partners who provide rental management services to ensure a smooth process. However, Flora Kotor does not directly offer rental management services. For more details, please contact our team.

2. Do you offer rental management services?

Flora Kotor does not directly provide rental management services. However, we can connect you with trusted partners who specialize in rental management. Our partners can help you manage the rental process smoothly and efficiently.

3. What is the average rental income potential?

The rental income potential of apartments purchased at Flora Kotor varies depending on the size, view, and location of the property.

  • 1-Bedroom Apartments: Monthly rental income ranges between €700 and €1,000.
  • 2-Bedroom Apartments: Monthly rental income can range from €1,200 to €1,800.
  • Luxury Apartments with Terraces: For these types, rental income can exceed €2,000.

Thanks to Kotor’s touristic appeal and natural beauty, short-term rental options during the summer months can significantly increase rental income.

4. What is the estimated return on investment (ROI) period?

The return on investment (ROI) period varies depending on the size, view, and rental income of the apartment:

  • 1-Bedroom Apartments: The average ROI period is approximately 15 years.
  • 2-Bedroom Apartments: The average ROI period is around 13 years.

Short-term rentals or high-season earnings can shorten this period, especially due to Kotor’s strong touristic potential, where income increases during the summer months.

5. Why is investing in residential properties in Kotor advantageous?

Kotor is an ideal destination for real estate investment due to its unique natural beauty, historical charm, and growing tourist demand:

  • Touristic Appeal: As a UNESCO World Heritage Site, Kotor attracts thousands of tourists every year, boosting short-term rental income.
  • Property Value: Limited land and construction permits in the area ensure a steady increase in property prices.
  • Investment Returns: Both long-term rental income and property appreciation offer attractive opportunities for investors.
  • Quality of Life: The Mediterranean climate, peaceful lifestyle, and modern amenities in the area keep demand for living in Kotor consistently high.

Wohnsitz und Rechtsangelegenheiten

Mit dem Kauf eines Apartments in Flora Kotor gewinnen Sie nicht nur Wohnraum, sondern genießen auch rechtliche Vorteile wie die Residenz in Montenegro. In diesem Abschnitt beantworten wir häufig gestellte Fragen zur Beantragung des Wohnsitzes, zu rechtlichen Abläufen und zum Kaufverfahren.

1.Can I obtain a residence permit after purchasing an apartment?

Yes, you can obtain a residence permit in Montenegro after purchasing an apartment. According to Montenegrin law, property ownership qualifies you to apply for a residence permit.

  • Requirements:
    • You must own at least 50% of the property purchased.
    • Documents proving financial means, health insurance, and accommodation arrangements are required.
  • Application Process:
    • The residence permit application is submitted in person to the local Immigration Office and is usually processed within 40 days.
  • Validity: The initial residence permit is valid for one year and can be renewed.

2. How does the residence permit process work?

The residence permit application process in Montenegro follows these steps according to immigration law:

  1. Application Documents: Required documents are prepared:
    • Ownership document (50% ownership minimum).
    • Proof of health insurance and financial means.
    • Valid passport.
    • Criminal record certificates (from Montenegro and the applicant’s home country).
  2. Local Application: The application is submitted in person at the local Immigration Office in Montenegro.
  3. Biometric Data Collection: Biometric data such as photos, fingerprints, and digital signatures are collected during the application.
  4. Review Process: The application is typically processed within 40 days.
  5. Residence Permit Issuance: Once approved, the residence permit card is issued to the applicant.

The Flora Kotor team provides support throughout the process to ensure a seamless experience.

3. Is there a special process for foreign investors to buy apartments in Montenegro?

Buying an apartment in Montenegro is a straightforward process for foreign investors. The country has an investor-friendly legal system that promotes real estate investments.

  • No Restrictions: There are no restrictions on foreign investors purchasing property.
  • Legal Compliance: Transactions are carried out with a sales contract and notary approval in compliance with Montenegrin law.
  • Power of Attorney Option: Investors can complete the purchase remotely through a Power of Attorney without being physically present in Montenegro.

The Flora Kotor team provides guidance to foreign investors throughout all legal processes.

4. Do you provide legal assistance during the purchasing process?

Yes, the Flora Kotor team provides legal assistance to our clients at every stage of the purchasing process.

  • Contract Preparation: Our legal office prepares the sales contract in compliance with Montenegrin law.
  • Power of Attorney: We handle the preparation and notarization process of Power of Attorney documents for remote purchases.
  • Title Deed Process: Our expert team ensures the title deed procedures are completed accurately and seamlessly.

Throughout this process, full compliance with local and international legal regulations is maintained.

5. How does the title deed process work?

The title deed process is conducted in compliance with Montenegrin law through the following steps:

  1. Sales Contract Approval: The sales contract is notarized and gains legal validity.
  2. Land Registry Application: The title deed application is submitted to the land registry with the sales contract.
  3. Processing and Registration: The land registry office reviews the application and registers the property owner’s name on the title deed.
  4. Title Deed Issuance: Once all steps are complete, the title deed is issued and handed over to the buyer.

The title deed process typically takes about one month to complete. The Flora Kotor team guides you through every step to make the process seamless.

Wohnung Details

Die Apartments in Flora Kotor sind so konzipiert, dass sie den Anforderungen des modernen Lebens entsprechen und gleichzeitig außergewöhnlichen Komfort bieten. In diesem Abschnitt beantworten wir Fragen zu den Ausstattungsmerkmalen der Apartments, den Quadratmetern, den Balkonen und anderen wichtigen Merkmalen.

1.Which apartments have balconies?

All apartments at Flora Kotor are designed with balconies.

  • Standard Balconies: Most of our apartments feature standard-sized balconies.
  • Spacious Terraces: Some units offer exceptionally large terrace areas for enhanced comfort.
  • Garden Access Apartments: We also have unique apartment types with private garden spaces.

To learn more about the views and space options each apartment offers, please feel free to contact us.

2. Are the apartments delivered furnished?

The apartments at Flora Kotor are delivered unfurnished. However, kitchen cabinets, a built-in wardrobe, and bathroom cabinets are included as standard.

  • Optional Furniture Service: If requested, our interior design team can create a customized project for the apartment and provide a price proposal. We manage the purchase and logistics process to prepare the apartment according to the client’s preferences.

3. Can I make changes to the interior design?

Unfortunately, apartments at Flora Kotor are delivered according to the approved project design. However, after receiving the apartment, clients are free to make any changes they wish. We can connect you with our trusted partner interior design offices to assist with the design and implementation process.

4. What heating and cooling systems are available in the apartments?

The apartments at Flora Kotor are equipped with high-energy efficiency air conditioning units in every room. These systems provide both heating and cooling, ensuring comfortable living throughout the year. Designed with an eco-friendly approach, these devices also promote energy savings.

5. Is there any warranty on the purchased apartment?

Yes, we provide a 5-year warranty on all aspects of the apartment as delivered by Flora Kotor. For any issues not caused by user error, our team is here to assist and resolve the problem as quickly as possible.

Soziale Einrichtungen und Dienstleistungen

Flora Kotor ist nicht nur ein Wohnraum, sondern ein Projekt mit einzigartigen sozialen Einrichtungen. In diesem Abschnitt beantworten wir häufig gestellte Fragen zu den Einrichtungen, den Spielbereichen für Kinder und den von uns angebotenen Dienstleistungen.

1. Are social facilities like the gym and swimming pool free of charge?

Yes, the gym, swimming pool, and other social facilities at Flora Kotor are completely free of charge for our residents. These spaces are designed to enhance the comfort and quality of life for our residents.

2. Are there any precautions against power outages in the project?

Yes, Flora Kotor is equipped with a generator system to prevent disruptions during power outages. This system is capable of providing energy to the entire project, ensuring the comfort and quality of life for our residents at all times.

3. Are site management services provided?

Yes, site management services will be provided at Flora Kotor. These services include general cleaning, maintenance, and security.
The site management services will be covered under a monthly service fee, which will be finalized after the apartment handovers.