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Flat 114 м² in Prcanj, Montenegro

296 048 $

2 596 $ /м²

4OdGt
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Area

114 м2

Bedrooms

3

Bathrooms

2

Apartment in Kotor. City - Prčanj

Two apartments in an old stone mansion just steps away from the beach (second line) in Prcanj. Ideal investment - for renting out or combined personal residence + renting out 1 apartment. In walking distance there is all necessary infrastructure; the apartments also have their own summer kitchen and garage.The whole building (18th century_ was completely renovated last year. Modern materials used, moisture protection with nano components, underfloor heating in every room, water supply, sewerage, electricity, new roof.The first apartment:- large living room and kitchen,- 2 identical double bedrooms,- bathroom,- Terrace with awning.Second apartment:- Living room,- kitchen,- double bedroom,- bathroom,- fenced covered terrace.Distance from the Old Town exactly 5km, from the store and post office 150m, Porto Montenegro 9km, airport 12km.Possible exchange for office space in the Old Town.Location: PrcanjApartment area: 114 m2No. of bedrooms: 3Number of bathrooms: 2

Services and facilities

Garage/parking

Additional details

Property type

Residential Properties

Object type

Flat

Price

296 048 $

Land area

0

Characteristics

Garage/parking

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Prcanj; 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 Prcanj 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 (296 048 $) 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 Prcanj: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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