Property Abroad

Montenegro

Herceg Novi

Denovici

Flat

Flat 151 м² in Denovici, Montenegro

1 054 123 $

6 980 $ /м²

4Odtw

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Area

151 м²

Bedrooms

Apartment in Herceg Novi. Town - Genovici

Introduce a new residential complex in Montenegro from the developer.

The complex is located in Jenovichi (Near Herceg Novi).

Favourable location - over Porto Novi.

We sell apartments and also offer them for rent.

Elite residential complex in Montenegro. View of Boko Bay of Kotor. High level of service.

There are 17 apartments, one apartment per floor.

Apartments of 71, 73, 115, 116, 125, 129, 130, 153, 164 m2

103.5 m2 + terrace 12.30 m2 - 400,000 euros

Two-level penthouse.

Panoramic views. Equipped beach within walking distance.

Preparation of natural materials.

Heating system warm floor, warm plinth. The air conditioning system. Control 4 remote control from mobile devices.

Wi-Fi.

Classic and modern kitchen models of your choice with built-in appliances.

Finnish sauna and Turkish hammam.

Fitness room

Closed and open parking.

Jacuzzi on the balconies of the second floors of penthouses.

Outdoor heated swimming pool.

The entire urban infrastructure, the largest marina "Porto Novi", the hotel "One&Only" are within walking distance.

Calculation of profitability

Lease 120 euros/day. Maximum workload of 70 days per season. Yields in season 8400. Booking expenses 15%

Yield after minus Booking 7140 euro.

The cost of buying and maintaining 210,000+600 (annual tax + tax) = 210600.

Rent out of season 800*8 = 6400 euros

Total 13,540 euros

Payback period 210600 euros/13540 = 15.5 years. Profitability 13540*100/210600 = 6.4%

Calculations are given for 2021-2022.

Additional details

Property type

Residential Properties

Number of rooms

Object type

Flat

Price

1 054 123 $

Characteristics

Sea View

Infrastructure

Open pool

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Denovici; 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 Denovici 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 (1 054 123 $) 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 Denovici: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).