Flat 111 м² in Kotor, Montenegro

1 615 $

14 $ /м²

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Flat 111m² in Montenegro, Kotor. Priced at 1400€ rent photo- #1

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Area

111 м²

Bedrooms

Bathrooms

Three bedroom apartment, Prčanj, Kotor

Located approximately 5 km from the Old Town of Kotor, in the village of Prčanj, the house with a garden and patio, with a barbecue. Just 250 m from the sea. The apartment consists of a kitchen, dining room and living room, hallway, 2 bedrooms and one office, as well as a bathroom. The internal area is 86 m2, terrace - 25 m2. It is possible to rent the apartment until the summer of 2024 for 1000eur per month.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 615 $

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Kotor; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Montenegro finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Montenegro takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Kotor short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (1 615 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Kotor: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).