Land 1 м² in Risan, Montenegro

292 397 $

292 397 $ /м²

4OdCA

Land 1m² in Montenegro, Risan. Priced at 250000€ rent photo- #1

Land 1m² in Montenegro, Risan. Priced at 250000€ rent photo- #2

Area

1 м²

Land plot in Kotor. City - Risan

Urbanized plot on the 1st line of the sea in Strp, Kotor, with an area of 1142m2 and a beautiful sea view.According to the available UT conditions on the plot it is possible to build 2 residential buildings of storey S+P+1+PK, storey of auxiliary building - P, with a maximum height of 2,4m. The maximum occupancy rate of the plot is 35%. Maximum usable area of all buildings - 500m2 (2x250m2, as the cadastral plot includes 2 urbanistic plots and 1/3 of the third one). Maximum dimension of the object - 10mx10m, with the possibility of retreat +2m, provided there is no encroachment beyond the building boundaries and not exceeding the maximum usable area of buildings.Possible installments.Location: Strp.Plot area: 1142 sq.m.Cost: 250,000

Additional details

Property type

Land

Object type

Land

Price

292 397 $

Land area

1142

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Risan; 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 Risan 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 (292 397 $) 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 Risan: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).