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Land 3151 м² in Bar, Montenegro

237 008 $

75 $ /м²

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Land 3151m² in Montenegro, Bar. Priced at 200000€ rent photo-1 Land 3151m² in Montenegro, Bar. Priced at 200000€ rent photo-2

Area

3151 м2

Bedrooms

4

Plot of land in Bar. City - Bar

Investment plot for the construction of an apartment building in Bar.

Location: Bar, Shushan district.
Excellent location.
The plot is located in the flat part of the city within walking distance to the entire infrastructure.
According to the urban plan, the site can be built with a total area of 13,000 sq.m.
  • The minimum area of construction of the facility at the base: 1,260 sq.m.
  • The maximum area of construction of the facility at the base of 2,363 sq.m.
    • The minimum permissible area of the finished facility: 4,725 sq.m. (grossss)The maximum allowable area of the finished facility: 134 sq.m.div.
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1. Total construction area: Assume that the construction will be carried out on the maximum permissible area: 13,234 sq.m.

2. Number of apartments: Assume that the average area of one apartment will be 75 square meters (this is an approximate value, in reality, may differ depending on the layout and marketing strategy). Then the total number of apartments: 13,234/75 = 176.45. For the sake of simplicity, this is 176 apartments.

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Additional details

Property type

Land

Object type

Land

Price

237 008 $

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 (237 008 $) 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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