Land 1 м² in Perast, Montenegro

667 800 $

667 800 $ /м²

4Ods3

Land 1m² in Montenegro, Perast. Priced at 667800$ rent photo- #1

Land 1m² in Montenegro, Perast. Priced at 667800$ rent photo- #2

Land 1m² in Montenegro, Perast. Priced at 667800$ rent photo- #3

Land 1m² in Montenegro, Perast. Priced at 667800$ rent photo- #4

Land 1m² in Montenegro, Perast. Priced at 667800$ rent photo- #5

Land 1m² in Montenegro, Perast. Priced at 667800$ rent photo- #6

Area

1 м²

Bathrooms

Extraordinary land for sale

This plot for sale is located in Perast, in the Kotor municipality.

Perast, as the absolute highlight of the Bay of Kotor, is also one of the most beautiful baroque towns in Montenegro. As a former center for sailors, it still shines with marvelous buildings, charming churches, and a romantic waterfront.

Nevertheless, the main attractions of Perast, and also the most famous postcard motif of Kotor Bay, are the two offshore church islands - St. George and Our Lady of the Rocks. The entire city of Perast is under the protection of the Directorate for the Protection of Cultural Heritage.

The property we present to you is located in the city center of the old town of Perast, with the walls of two old buildings on the plot and an old stone well that is still in operation.

The plot area is about 1,070 m2, and the allowed gross living area of the facilities, as defined by the obtained urban and technical conditions, is a minimum of 300 m2.

The defined floors are ground + first floor + attic, with plans for two buildings whose walls exist on the plot, with the possibility for a third building. In addition to the residential function, there is also the possibility for tourist and catering facilities.

Apart from all the mentioned above, this plot is important for the existence of a unique tower in the oldest city center of the old city of Perast (the site of which was the subject of proceedings in the Institute for the Protection of Monuments). In addition to the existing plot, there is also a project for the conceptual design for the reconstruction and restoration of the old walls. This property is completely free of legal charges and limitations.

The nightlife and bustle of the Old Town of Kotor are only a 15-minute drive away, while the luxurious Porto Montenegro Marina with all its attractions is just a 25-minute drive away. Arriving and departing from your new home on the Mediterranean will not be a big deal as there are three airports nearby - Tivat 20 km, Podgorica 97 km, and Dubrovnik 80 km.

Thanks to such a good location, the value of the plot, as well as the real estate on it, will only grow over time.

Do not hesitate to contact us for more information.

Property features
* Cultural heritage site
* Sea View
* Urbanized

Additional details

Property type

Residential Properties

Object type

Land

Price

667 800 $

Land area

1070

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Perast; 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 Perast 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 (667 800 $) 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 Perast: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).