Thread: Budva or Kotor
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Old 05-07-2008, 09:02 AM
MLS MLS is offline
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Join Date: Nov 2007
Posts: 29
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Hello Katherine,

Can you explain me in details what this Crossing Agreement means and does it have influence on future planing for the land? Do you have clear access to the land?
Did you get List Nepokretnosti (proof of the ownership)?

No matter what your lawyer says, you should sign any paper that is neccesary to sign. I hope past owners are not living far away and force them to organize to sign as soon as possible. If some of them are old, what you should do if dies? It is solvable, but takes more time and money to finish the job.

Regarding selling, also, depends of your intentions for the land.
Do you plan to build or just wait for some time and sell?

Be carefull with selling a part of the land because you can limit posibilities for selling for other part of the land, regarding investor interest for building some project there, building permisions and accesibility to the other part of the land.

Suggestion?
Go for urbanisation, but however you will have to wait Detailed Urbanistic Plan(DUP) from Municipality Kotor for your area. But, you can as owner of the land, have certain influence in DUP with suggestions and if you make some premliminary project for the land, more likely it will be accepted.Of ,course if it fits in current area planning and what is build already in area.
Urbanized land is easier to sell.

Also, there is new low for strangers in Montenegro which is on vote in Assembly. Suggestion for the low says in one part that foreigner as physical persons can not buy the land in Montenegro if that land is forest, medow, agricultural field, natural resources.
They can buy a land if subject of the contract is a house on the land up to 5000 m2 of the land.

You can send me details about the land so I can check it,on PM or on mail

regards,

MLS
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