Flat 44 м² in Tivat, Montenegro

ID 4OdF5

Area: 44 m²
Bedrooms: 1
Bathrooms: 1

Description

Apartment in Tivat. City - Tivat

For sale 2 last apartments in beautiful, warm, cozy Montenegro in the village of Kovac. The village is located 6 km from the city of Kotor and 3.5 km from the city of Tivat, it is not more than five minutes by car. The airport of Tivat is 7 minutes by car. Travel time to the beach is 5 minutes by car.The apartments are located on the top floor of a three-storey building, the house was built in 2001, major renovation was done in 2023.The total area of one apartment - 42.82 m2, which includes a spacious living room-kitchen of 19 sq.m. with access to a large terrace of 11.9 sq.m., the terrace offers a stunning view of the bay of Kotor, bedroom 8.85 sq.m., bathroom 3.56 sq.m. fully equipped with the possibility of connecting a washing machine. The living room and terrace are on the sunny side. The area of the neighboring apartment is 49.04 m2. If you wish, you can combine the apartments, make a redevelopment and then you will have the whole third floor at your disposal!Technical preparation for the installation of air conditioning. Central sewerage and electricity, heating is electric. There is a small yard area, which can be used by tenants. Parking on the street along the road. A school bus runs past the house and takes children to school.* Large PD 5 - 51 sq.m. 92 000 EUR* Small PD 6 - 44 sq.m. 79 500 EUR

Characteristics

Property type: Residential Properties
Object type: Flat
Price: 88 984 $
Land area: 0 m²

Services and facilities

Air conditioner
Heating system

FAQ

How can I get a residence permit by buying property in Montenegro?

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Tivat; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in Montenegro?

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.

What taxes and fees apply when buying in Montenegro?

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.

How is the title checked in Montenegro?

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.

Can I rent out property after purchase in Montenegro?

Yes. Rental income tax is 5–25% depending on the regime. In Tivat short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (88 984 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Montenegro?

A typical transaction runs 30–90 days, averaging 45 in Tivat: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).