Area
24 м2
Bedrooms
4
Apartment in Herceg Novi. City - Herceg Novi
description
We sell a studio of 24 sqm with a private terrace of 17 sqm in the city of Herceg Novi, Igalo, 150 meters from the sea!
2 minutes walk to the beach without stairs. Developed infrastructure, quiet area. Nearby are supermarkets, a playground, restaurants, a pedestrian promenade for walking along the sea;
* A five-storey house that has recently been renovated (painted the facade). The studio is located on the 1st floor;
* Entrance to the studio is separate. First floor, no view, windows overlook the wall of a private terrace;
* Six months ago, major repairs were made with the change of all communications. New furniture and appliances, heated floor, orthopedic mattress.
The terrace is not inscribed in the sheet of obscenity, but it is an integral part of the territory of the apartment, as it holds the road on one side.
Additional details
Property type
Residential Properties
Object type
Flat
Price
89 387 $
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 (89 387 $) 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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Liliya
International Real Estate Consultant