Penthouse 169 м² in Kotor, Montenegro

594 586 $

3 518 $ /м²

4OVGj

Penthouse 169m² in Montenegro, Kotor. Priced at 506900€ rent photo- #1

Penthouse 169m² in Montenegro, Kotor. Priced at 506900€ rent photo- #2

Penthouse 169m² in Montenegro, Kotor. Priced at 506900€ rent photo- #3

Penthouse 169m² in Montenegro, Kotor. Priced at 506900€ rent photo- #4

Penthouse 169m² in Montenegro, Kotor. Priced at 506900€ rent photo- #5

Penthouse 169m² in Montenegro, Kotor. Priced at 506900€ rent photo- #6

Area

169 м²

Bedrooms

Bathrooms

Luxury penthouse for sale in Kotor

Would you like to invest in Europe in a very safe and beautiful country with a reasonable amount and high income? This penthouse is located in a luxury complex, between the protected town of Kotor and Tivat - home of the superyacht resort Porto Montenegro, 4 km from the sea. The project offers panoramic views of the magnificent Adriatic Sea. You will enjoy the majestic green mountains behind you and the blue turquoise sea in front of you. The penthouse combines modern interior design with the use of high quality materials to offer unrivaled elegance to the buyer. The project is scheduled to open in the summer of 2023. Together with the penthouse you will get: the comfort of a 5* hotel equipped with advanced units made of quality materials, the concept of serviced apartments and unit rental management with our customized management model, a return on investment of 8.5%, the opportunity to get up to 50% more income than from residential properties, and avoid problems with management or tenants. Included with the penthouse you will get amenities such as infinity pool, yoga and pilates studio, children's center, pool bar, vitamin bar, gym, jacuzzi, sauna, parking, 24-hour security, restaurant, entertainment room, billiards and board games and much more.Why Montenegro is ideal:- Ideal location - Montenegro is in the center of Europe and can be reached in 1-2 hours by flight from most European cities.- Growing tourism - According to the World Travel and Tourism Council (WTTC) forecast, the tourism industry is expected to see an average annual revenue growth of 6% over the next 10 years.- Real Estate Market - The most important reason for the continuous annual increase in real estate prices on the Montenegrin coast is the inflow of foreign direct investment in this sector, as well as the demand of non-residents for large houses on the Montenegrin coast.- Investment opportunities - Tourism and real estate are leading industries and have attracted around 3.5 billion euros to the economy in recent years.Customized payment plan:- 30% down payment- 18 monthly installments with no interest.

Additional details

Property type

Residential Properties

Object type

Penthouse

Price

594 586 $

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Kotor; 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 Kotor 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 (594 586 $) 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 Kotor: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).