Obtaining insurance when acquiring real estate abroad has become a standard procedure today, but not all buyers understand the meaning of this action, in which cases it is necessary, but the order of all processes and the amount of expenses that are expected within the framework of this procedure.
Insure overseas property
Foreign real estate market experts recommend that you insure your home when the owner does not live in it permanently, literally visiting once or twice a year. Anything can happen at any time with an apartment or a house, and the lack of an owner in place does not always allow you to take prompt or preventive actions (neighbors flooded or vice versa, mold appeared, a hurricane passed and a window broke and broke through a pipe, electricity was cut off, etc. etc.), as a result of which property of not only the owner himself, but also of neighbors may suffer. Continue reading
Traditionally, when buying property in Montenegro, the Budva Riviera, Tivat, Herceg Novi, Boko-Kotor Bay and the surroundings of Bar are considered – it is obvious that Ulcinj is almost not paid attention to, although this city is also an interesting place to buy real estate.
If you look at the map, you can see that Ulcinj is the southernmost city of Montenegro, directly bordering Albania, therefore it is not surprising that among 10,000 inhabitants over 60% are Albanians, most of whom speak the Serbian language, which is spoken by all Montenegro
Buying property in UlcinjThe fact that the local surroundings are the most gentle part of Montenegro, which, as the name implies, almost all of it consists of high elevations, gives an exclusivity to this locality. There is no malicious production within a radius of 100 km from the city – this factor allows you to maintain a favorable environmental situation in the city. Continue reading
The purchase of foreign real estate and the concept of “first line” very often go in one set – most of our compatriots want to become the owner of a home on a coastal foreign corner, because a “summer cottage at sea” is a long-term dream subject.
A tempting advertisement, offering a potential buyer of real estate on the first line, is not always associated with 100 percent reality, since the coastline is not infinite, moreover, the cost of those objects that are really located at the water’s edge can be so high that for many people such a purchase Real estate can only be a dream.
Therefore, it is very important to deal with this attractive concept and what advantages and disadvantages can be expected by becoming the owner of housing on the first line. People buying property on the sea – especially when it comes to the first purchase of this kind – should clearly recognize a number of several important aspects. Continue reading