Property Abroad

Montenegro

Kotor

Flat

Flat 94 м² in Kotor, Montenegro

2 931 $

31 $ /м²

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Flat 94m² in Montenegro, Kotor. Priced at 2500€ rent photo- #1

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Area

94 м²

Bedrooms

Bathrooms

Stylish two-bedroom apartment with a sun-soaked balcony, Morinj, Kotor

AVAILABLE FROM OCTOBER 2023. Lavender Bay is located in the quiet village of Morinj on a hill. Morinj is a small village located 25 km from Kotor, Tivat airport is approximately 15 km away. Lovcen National Park is 35 km away. Perast is 7 km away, and Dubrovnik is 50 km away. Just a 2-hour drive from the ski resort of Zabljak. The nearest small beach is just a few minutes' walk away. At the bottom of the hill, there are four restaurants and beach bars, as well as a mini-supermarket. The top floor apartment offers fantastic views of Kotor Bay and Perast, as well as stunning views of the mountains and the infinity pool. The three-room apartment with an area of 94 m2 consists of a living room, kitchen, dining room, 2 bedrooms, 2 bathrooms, and a lovely terrace with sea views. Fourth floor, elevator in the building. Open parking available. For more information and property viewing appointments, please contact our real estate consultants at info@residomontenegro.com.

Services and facilities

Air conditioner

Additional details

Property type

Residential Properties

Object type

Flat

Price

2 931 $

Characteristics

Air conditioner

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 (2 931 $) 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).