Mimosa Park apartments > sales process

Phase 1 of Mimosa Park is being sold “Off Plan” giving the investor not only the opportunity to purchase below the market price today but also to secure the property prior to completion and therefore to benefit from the expected rise in property prices over the coming year.

Step 1
Choose your apartment and decide on your payment plans. We expect to be able to offer finance options shortly.

Step 2
Reserve your apartment. A reservation deposit of €3,000 is required to secure your selected apartment within the resort. Payment can be made by cheque, credit card or bank transfer either in the UK or in Montenegro. We will send you written confirmation once we have received your reservation fee. In the unlikely event that the development does not proceed then all deposits will be returned.

Step 3
We will then issue you with a sales contract and detailed specifications of the resort and your reserved apartment. This legal document will need to be signed in court by either you or your representative. This process must be completed, and payment of the first 30% of the purchase price of your apartment - less the deposit - be made, within 21 days of receipt of the contract. The contract must be signed in court. You can do this in person or you can appoint a local representative to sign on your behalf. We recommend that you consult a lawyer at this stage. We have negotiated a fixed fee of 0.5% of the purchase price for our customers with Prelevic Law Firm, we believe one of the most reputable in Montenegro, who have agreed to handle the whole transaction for you should you wish to use them.

Step 4
30% of the purchase price will be due on completion of the foundations.

Step 5
A further 30% of the purchase price will be due on completion of the roof.

Step 6
The final 10% of the purchase price will be paid when the keys are handed over.

We will inform you well in advance of all payments so that you can prepare your finances.