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Flat 73 м² in Herceg Novi, Montenegro

188 421 $

2 581 $ /м²

4Ocs3
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Area

73 м2

Bedrooms

3

Bathrooms

2

Year of construction

1993

Two-level apartment, with three bedrooms in Savina

A unique two-level apartment, with panoramic views of the bay, three bedrooms and an excellent location.

Layout:
On the first level: spacious bathroom, kitchen, corridor, bedroom, living room, terrace with summer kitchen.
On the second level: two bedrooms, a bathroom and a hatch that leads to the attic.

Total area 73 m2
There is a parking space
Legal documents

Location: located on a hill, in a quiet place, but at the same time a 10-minute walk from the old town and the sea. There is also a school nearby.

The investors who built the building are selling.
An interesting feature is that the building is cascading, the apartment is on the highest floor, but the entrance is from the street, you don’t need to go up anywhere.

Additional details

Property type

Residential Properties

Object type

Flat

Price

188 421 $

Distance to key points, m

To sea 800

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Herceg Novi; 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 Herceg Novi 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 (188 421 $) 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 Herceg Novi: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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