Buying off-plan means buying an apartment before the building is finished. Done carefully, it gives you the widest choice of units and lets you pay in phases rather than all at once.
On this page we explain how the process works at Adriatic Horizon Residence in Šušanj, Bar, which you buy directly from the developer, BM Development d.o.o., with no agent commission. Construction takes place in 2026 and handover is planned for 2028.
The purchase process, step by step
- 1. Choose and reserve. Select your apartment and reserve it with a deposit of €5,000.
- 2. Notarial pre-contract. You sign a pre-contract at a notary in Bar and pay 10% of the price.
- 3. Milestone payments. The rest is paid in stages tied to construction progress.
- 4. Handover and final deed. At handover you sign the final deed at the notary and receive your keys.
Notary and land-registry fees are paid by the buyer, as is standard.
Payments linked to construction, verified by the notary
After the 10% at the pre-contract, the remaining payments follow the construction milestones:
- Foundation complete: 20%
- Shell complete: 25%
- Installations complete: 20%
- Finishing: 20%
- Handover and keys: 5%
Each instalment is invoiced only after the notary confirms that the construction phase is complete. There is no interest and you do not need a bank loan.
What to check before buying off-plan
- Building permit: make sure the project has an approved main building permit. Adriatic Horizon Residence has one.
- The contract: read the pre-contract carefully, including the payment schedule and what happens at each milestone.
- Timeline: ask when construction starts and when handover is planned.
- Specification: check the exact size, floor plan, orientation and finishes of your unit. See the floor plans.
- Parking: find out whether parking is available. Here there are 51 underground spaces on levels −1 and −2, at €20,000 per space.
It is also wise to visit the site and the neighbourhood, or ask the developer for current photos, so you know exactly where your future home will be. Ask for the GPS location (42.110368, 19.092155) and walk the route to the beach and shops yourself.
Advantages of buying early
The biggest advantage is choice. Early buyers can pick the floor, size and view they want – for example one of the 32 apartments with a full or partial sea view – before they are taken.
Paying in phases spreads the cost over the construction period, and because you buy directly from the developer there is no agent commission. Learn more about the unit types: studios, one-bedroom and two-bedroom apartments.
Finally, buying from the developer means you deal with the people who actually build the project, so questions about the specification or the timeline go straight to the source.
Next step
Have a look at the available apartments with live status, or contact us by email at info@adriatichorizon.me or by phone/WhatsApp on +31 6 4672 1534. We are happy to walk you through the contract and the timeline.
Interested in an apartment in Šušanj?
Talk directly to the developer – no agents, no commission. Email us, call or send a WhatsApp message and we will answer your questions personally.
Frequently asked questions
How much is the deposit to reserve an apartment?
You reserve your chosen apartment with a deposit of €5,000. After that, a notarial pre-contract is signed in Bar and 10% of the price is paid.
How are payments made when buying off-plan?
After the 10% at the pre-contract, you pay 20% at foundation, 25% at shell completion, 20% at installations, 20% at finishing and 5% at handover. Each instalment is invoiced only after the notary confirms the phase is complete.
Do I need a mortgage to buy off-plan in Bar?
No. Payments are spread over the construction milestones without interest, so no bank loan is needed.
Who pays the notary fees?
Notary and land-registry fees are paid by the buyer, which is standard practice.
When will Adriatic Horizon Residence be finished?
Construction takes place in 2026 and handover is planned for 2028. The project has an approved main building permit.