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Herceg Novi (city) Villa 794,000 €
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№ 1,895,200

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Villa – Herceg Novi (city), Herceg-Novi, Montenegro

794,000 €

Total area
210 m²
Land area
742 m²
Bedrooms
4
Bathrooms
2

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Features

2-floor building
Balcony or terrace
Internet
Beachfront
Furnished

Property for sale in Montenegro — House in a peaceful part of Herceg Novi. It is situated in a quiet location, near the hotel Riviera and a few minutes away from the Old town. The house has a total area of cca 210 m² and it consists of two levels. It is divided into two equal parts. There is a possibility to build a house with three levels, a ponta and a swimming pool. The ground floor features a kitchen, an open plan living and a dining area. The first floor consists of two bedrooms, terrace and a bathroom. The house is located on a plot of 742 m² and includes one storage room. The property is in a good condition, but renovation is needed. To find out more information about this property, please contact us.

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Daria Krestova

Real Estate Expert Tranio in Herceg Novi (city)

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FAQs

Can I get a mortgage abroad?

It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.
How does the purchase procedure work?

The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.
Can a residence permit be obtained by buying property?

In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain and Latvia offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Turkey passport by buying a property worth at least $400,000.
How does Tranio make money if your service is free for the clients?

We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.
Who guarantees the transaction security?

The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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