Flat 42 м² in Herceg Novi, Montenegro

23 400 $

557 $ /м²

4OXpc

Flat 42m² in Montenegro, Herceg Novi. Priced at 20500€ rent photo-

Area

42 м²

Bedrooms

Reinbow 2

Spacious studio (42 sqm including common parts of the building and balcony) is located on the third residential floor of the building of the excellent complex “Reinbow 2”. Furniture and appliances in the price. Good layout - there is a possibility to split into a compact one-bedroom apartment. View from the balcony to the inner courtyard.On the territory there is a swimming pool, reception, cafe, 24-hour security, parking area for apartment owners. Good option for living on a permanent basis or renting in the summer.Maintenance fee (cleaning and lighting in common parts of the building and on the territory, cleaning and filling of the swimming pool, gardening services, etc.) - 433 Euros per year.

Services and facilities

Furniture

Pool

Additional details

Property type

Residential Properties

Number of rooms

Floor

Object type

Flat

Price

23 400 $

Location

By the Sea

Characteristics

Furniture

Pool

Distance to key points, m

To sea 300

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 (23 400 $) 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).