Great value villa in Montenegro - and the legalization process

In this video I join Peter Square Meter, my agent in Kotor Bay, to look at a 160m2 villa going for €250,000. An investor could reasonable expect a gross yield of 10% after some negotiations, which is much more than the average in the market. Typically in Montenegro, you can expect gross yields of 4%-6%. So what is the catch?
The house is not fully legalized, which is a risk. It's a fairly common occurrence in Montenegro, so Peter proceeds to elaborate on the legalization process.
🇲🇪 Full market analysis of real estate in Montenegro: thewanderingin...
If you are looking for real estate in Tivat, Kotor, Lustica peninsula, or Herceg Novi, do get in touch with Peter at [e-mail]
📌 Music credit: www.bensound.com
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.