Area
53 м2
Bedrooms
1
Apartment in Bar. City - Bar
description
Apartment with 1 bedroom 53m2 in Bar, Ilyino district, close to the sea.
Cozy apartment in the city of Bar, with 1 bedroom
On the fifth floor, in a house with an elevator
Structure : corridor, living room combined with kitchen, bedroom, bathroom, spacious terrace
To the sea 300 meters
To school 350 meters
To the grocery store 250 meters
Suitable for permanent residence and rental.
Price: 117 000 EUR
Additional details
Property type
Residential Properties
Number of rooms
1
Floor
5
Object type
Flat
Price
137 239 $
FAQ
In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Bar; 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 Bar 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 (137 239 $) 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 Bar: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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