Flat 24 м² in Herceg Novi, Montenegro

13 618 $

567 $ /м²

4OXle

Flat 24m² in Montenegro, Herceg Novi. Priced at 11500€ rent photo-

Area

24 м²

Bedrooms

Lilia

Another affordable studio in the center of Sunny Beach. It is located on the sixth (last) floor of the building of the complex “Lilia” and occupies a total area of 24 sq.m. and yet the room is relatively spacious due to the lack of a balcony. Furniture and appliances are included in the price of the apartment. There is an elevator in the building all year round.The territory is fenced, there is beautiful landscaping, parking lots and video surveillance system. Owners of apartments in “Lilia” can use the infrastructure of the hotel “Kukice” (spacious swimming pool, bar, restaurant, beauty salon).The annual maintenance fee is 10 Euro per square meter of the apartment area. Payment for water supply and electricity is made monthly according to the meter readings.

Services and facilities

Furniture

Pool

Additional details

Property type

Residential Properties

Number of rooms

Floor

Object type

Flat

Price

13 618 $

Location

By the Sea

Characteristics

Furniture

Pool

Distance to key points, m

To sea 500

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 (13 618 $) 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).