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Land 1 м² in Prcanj, Montenegro

2 502 855 $

2 502 855 $ /м²

4Ocmq
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Area

1 м2

Plot of land with an old stone house and pier

Plot of land with an old stone house in Prcanj, a village with a rich history of the Bay of Kotor

Area 1599 m2

Pier area 232 m2

House area 300 m2, needs complete reconstruction

The construction of two more buildings of 350m2 and 400m2 is permitted on the plot.

Exceptional business potential for a small boutique hotel, rooms or apartments for rent or sale.

Additional details

Property type

Land

Object type

Land

Price

2 502 855 $

Land area

1599

Distance to key points, m

To sea 1

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Prcanj; 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 Prcanj 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 (2 502 855 $) 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 Prcanj: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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