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Flat 62 м² in Kotor, Montenegro

1 066 $

17 $ /м²

4OZr7
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Area

62 м2

Bedrooms

2

Bathrooms

1

Lovely two bedroom apartment in the heart of Kotor's Old Town

ADVERTISEMENT . In a prestigious location in the Old Town of Kotor, right on St. Trifon Square. The 62m2 apartment is located on the third floor of a small stone building. Characteristics: spacious open plan living room with kitchen and dining area, two bedrooms and a bathroom. There are views of the cathedral as well as the impressive mountainous part of Kotor. The apartment is fully renovated, fully furnished. For more information and to make an appointment to view the property, please contact our real estate consultants at info@residomontenegro.com.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 066 $

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 (1 066 $) 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).

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