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House 383 м² in Radovici, Montenegro

ID 4Ocmf
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Area
383 m²
Bedrooms
7
To sea
2000 m

Description

Exclusive historical complex

An exclusive complex of houses, recreated from a historical building from 1701, located in Radovici, near the prestigious Lustica Bay project. This unique complex is located in the very center of the village, which is under UNESCO protection, offering its future owners a unique opportunity to live or do business surrounded by ancient temples and houses with a rich historical heritage.
The reconstruction of this building was carried out using vintage photographs to accurately recreate the architecture of the complex, making it an ideal choice for history buffs.
The total area of the three buildings is 383.67 m2, and the plot is 328 m2.
The reconstruction was carried out using ancient stone reinforced with a concrete structure. All documentation for reconstruction is approved by the state.
The new owner will be able to choose the interior finishes to his liking, adding his own unique touch to this historic property.
The complex includes four residential units with shared internal and external courtyards, as well as a barbecue area, creating a cozy space for relaxation and living. There is the possibility of increasing the number of residential units by dividing the premises into apartments, as well as the additional option of installing a swimming pool on the site.
Surrounded by picturesque views of mountains, temples and Mount Lovcen, this complex offers a rare opportunity to enjoy an old world atmosphere with modern amenities.
City communications provide comfort, and developed infrastructure makes this property an excellent investment project, both a business boutique hotel and for living.

Characteristics

Property type
Residential Properties
Object type
House
Price
783 509 $
Floor
3
Land area
328 m²
Year of construction
1701

Services and facilities

  • Pool

Distance to key points (meters)

To sea
2000 m

FAQ

How can I get a residence permit by buying property in Montenegro?

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

Is a mortgage available for non-residents in Montenegro?

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.

What taxes and fees apply when buying in Montenegro?

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.

How is the title checked in Montenegro?

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.

Can I rent out property after purchase in Montenegro?

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

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (783 509 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Montenegro?

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

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