Flat 167 м² in Kotor, Montenegro

505 338 $

3 025 $ /м²

4OZpr

Flat 167m² in Montenegro, Kotor. Priced at 424000€ rent photo- #1

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Area

167 м²

Bedrooms

Bathrooms

Fantastic three bedroom penthouse with sea views in Prcan, Bay of Kotor

Located in the beautiful village of Prcanj, about 150 meters from the sea. This fantastic penthouse occupies the entire second floor of a small residential building. It has a total area of 167 m2 and consists of 3 bedrooms, two bathrooms, an office area, a spacious living room with kitchen and dining area, a pantry, a 20-meter terrace with stunning sea views. An outdoor swimming pool is at guests' disposal. Parking space of 26 m2 in the underground garage is included in the price. Excellent rental potential! Note: It is possible to purchase the apartment unfurnished at a price of 403.000 euros. For more information and to make an appointment to view the apartment, please contact our real estate consultants at info@residomontenegro.com.

Additional details

Property type

Residential Properties

Object type

Flat

Price

505 338 $

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 (505 338 $) 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).