Can foreigners get a mortgage loan in Montenegro?

It might be tricky for a foreigner to obtain a mortgage loan for property in Montenegro . Erste Bank is the only bank lending to foreign property buyers, yet the primary qualification for an eligible foreign applicant is to have a residence permit in the country.

How much do utilities cost in Herceg-Novi?

Property maintenance costs are not so high in Herceg-Novi as compared to the rest of Europe. Read more about major housing and home ownership costs in Montenegro.

Can buying a property in Herceg-Novi also get foreigners a residence permit in Montenegro?

A property purchase in Montenegro will get residence in the country (except for property for further development that would not qualify a buyer for a residence permit). There is no minimum investment threshold for a residence permit. The purchased property should be free and clear of any encumbrances. Read more in our article .

How to get citizenship in Montenegro by buying a a property in Herceg-Novi?

To get citizenship in Montenegro , you would have both to purchase a property out of the government-approved pool investing at least € 250,000 and donate at least € 100,000 to the government fund.

What is the process of buying a property in Montenegro?

It will take 2–4 months in average to register property ownership in Montenegro. To close a transaction, a foreign buyer needs to present a foreign passport of the home country, an individual seller is to produce a legal proof of property ownership and the excerpt from record in the local property registry, and a corporate seller should additionally provide the buyer with its corporate documents. See details here .

What are the property prices in Herceg-Novi?

The apartment prices in Herceg-Novi vary in a range of €1400-1800 for a square metre depending on the region and distance from the sea. The prices of a house range from €1400-2000 for a square metre.

What taxes are charged on property purchase, ownership, and sale in Herceg-Novi?

A transfer tax at 3% is charged on real estate transfers in Montenegro, and 21% VAT is levied if property has not been sold before. The real estate tax is levied for the use of the property at the rates ranging from 0.25 to 1% of the property value. Read more about the taxes charged on property purchase, ownership, rent, and sale in Herceg-Novi on the website .

Key takeaways about Herceg-Novi to know before property purchase: what makes the region special?

Herceg-Novi is the biggest coastal town in the Bay of Kotor and the most comfortable beach destination. It has the biggest number of completely arranged bathing beaches with beach bars and sunbathing piers equipped with sun loungers and umbrellas. The waterfront promenade is four kilometres long. The town has good infrastructure, with many shops, bars, restaurants, night clubs, concert venues, and hotels. Herceg Novi is a good alternative to Dubrovnik in Croatia with similar architecture, numerous ancient churches, monasteries, and forts.

Property for Sale in Herceg-Novi, Buy Real Estate from 95,000€

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4-bedrooms villa 130 m² in Kamenari, Montenegro for 500,000 €

4-bedrooms villa 130 m² in Kamenari, Montenegro

500,000 €

Total area 130 m²Land area: 335 m²4 bedrooms3 bathrooms

4-bedrooms villa 210 m² in Herceg Novi (city), Montenegro for 794,000 €

The first line

4-bedrooms villa 210 m² in Herceg Novi (city), Montenegro

794,000 €

Total area 210 m²Land area: 742 m²4 bedrooms2 bathrooms

Tranio’s instruction

Turkish citizenship for the whole family for real estate purchase

From $400,000 · Rental income

Simple registration procedure;
Return on investment;
Temporary residence permit for quick relocation.

4-bedrooms villa 242 m² in Herceg Novi (city), Montenegro for 495,000 €

4-bedrooms villa 242 m² in Herceg Novi (city), Montenegro

495,000 €550,000 €

Total area 242 m²4 bedrooms3 bathrooms

4-bedrooms apartment 127 m² in Herceg Novi (city), Montenegro for 370,000 €

Furnished

4-bedrooms apartment 127 m² in Herceg Novi (city), Montenegro

370,000 €

Total area 127 m²4 bedrooms2 bathrooms

4-bedrooms villa 238 m² in Herceg Novi (city), Montenegro for 900,000 €

4-bedrooms villa 238 m² in Herceg Novi (city), Montenegro

900,000 €1,100,000 €

Total area 238 m²4 bedrooms2 bathrooms

6-bedrooms villa 198 m² in Herceg Novi (city), Montenegro for 890,000 €

With swimming pool

6-bedrooms villa 198 m² in Herceg Novi (city), Montenegro

890,000 €

Total area 198 m²Land area: 410 m²6 bedrooms5 bathrooms

Discounted properties upon request

Send us an enquiry, we will find advantageous offers for you

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Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

3-bedrooms villa 850 m² in Herceg Novi (city), Montenegro for 220,000 €

3-bedrooms villa 850 m² in Herceg Novi (city), Montenegro

220,000 €

Total area 850 m²Land area: 626 m²3 bedrooms4 bathrooms

2-bedrooms apartment 150 m² in Herceg Novi (city), Montenegro for 1,275,000 €

Furnished

2-bedrooms apartment 150 m² in Herceg Novi (city), Montenegro

1,275,000 €

Total area 150 m²2 bedrooms2 bathrooms

11-bedrooms villa 366 m² in Bijela, Montenegro for 730,000 €

11-bedrooms villa 366 m² in Bijela, Montenegro

730,000 €

Total area 366 m²Land area: 548 m²11 bedrooms8 bathrooms

2-bedrooms apartment 75 m² in Herceg Novi (city), Montenegro for 240,000 €

Furnished

2-bedrooms apartment 75 m² in Herceg Novi (city), Montenegro

240,000 €

Total area 75 m²2 bedrooms2 bathrooms

3-bedrooms villa 212 m² in Denovici, Montenegro for 450,000 €

With garden

3-bedrooms villa 212 m² in Denovici, Montenegro

450,000 €

Total area 212 m²Land area: 1,200 m²3 bedrooms3 bathrooms

2-bedrooms villa 114 m² in Kumbor, Montenegro for 318,000 €

With garden

2-bedrooms villa 114 m² in Kumbor, Montenegro

318,000 €

Total area 114 m²Land area: 268 m²2 bedrooms2 bathrooms

3-bedrooms apartment 125 m² in Herceg Novi (city), Montenegro for 450,000 €

Furnished

3-bedrooms apartment 125 m² in Herceg Novi (city), Montenegro

450,000 €

Total area 125 m²3 bedrooms2 bathrooms

5-bedrooms villa 420 m² in Herceg Novi (city), Montenegro for 1,300,000 €

With swimming pool

5-bedrooms villa 420 m² in Herceg Novi (city), Montenegro

1,300,000 €

Total area 420 m²Land area: 890 m²5 bedrooms3 bathrooms

2-bedrooms apartment 69 m² in Herceg Novi (city), Montenegro for 210,000 €

Sea view

2-bedrooms apartment 69 m² in Herceg Novi (city), Montenegro

210,000 €

Total area 69 m²2 bedrooms1 bathroom

1-bedrooms apartment 98 m² in Herceg Novi (city), Montenegro for 850,000 €

Furnished

1-bedrooms apartment 98 m² in Herceg Novi (city), Montenegro

850,000 €

Total area 98 m²1 bedroom1 bathroom

1-bedrooms apartment 92 m² in Herceg Novi (city), Montenegro for 328,000 €

Furnished

1-bedrooms apartment 92 m² in Herceg Novi (city), Montenegro

328,000 €

Total area 92 m²1 bedroom1 bathroom

4-bedrooms townhome 235 m² in Herceg Novi (city), Montenegro for 680,000 €

With swimming pool

4-bedrooms townhome 235 m² in Herceg Novi (city), Montenegro

680,000 €

Total area 235 m²Land area: 400 m²4 bedrooms2 bathrooms

2-bedrooms apartment 100 m² in Herceg Novi (city), Montenegro for 322,000 €

Furnished

2-bedrooms apartment 100 m² in Herceg Novi (city), Montenegro

322,000 €

Total area 100 m²2 bedrooms1 bathroom

2-bedrooms villa 200 m² in Herceg Novi (city), Montenegro for 900,000 €

With swimming pool

2-bedrooms villa 200 m² in Herceg Novi (city), Montenegro

900,000 €

Total area 200 m²2 bedrooms2 bathrooms

4-bedrooms villa 184 m² in Baosici, Montenegro for 1,550,000 €

With swimming pool

4-bedrooms villa 184 m² in Baosici, Montenegro

1,550,000 €

Total area 184 m²Land area: 708 m²4 bedrooms5 bathrooms

New residence with swimming pools close to the coast and the old town, Kumbor, Montenegro for From 350,000 €

New residence with swimming pools close to the coast and the old town, Kumbor, Montenegro

From 350,000 €

Completion in: 2025.IVTotal of 56 apartments

Residential complex

3 months ago

1-bedrooms apartment 54 m² in Morinj, Montenegro for 168,000 €

Furnished

1-bedrooms apartment 54 m² in Morinj, Montenegro

168,000 €

Total area 54 m²1 bedroom1 bathroom

3-bedrooms villa 193 m² in Herceg Novi (city), Montenegro for 450,000 €

With swimming pool

3-bedrooms villa 193 m² in Herceg Novi (city), Montenegro

450,000 €

Total area 193 m²Land area: 636 m²3 bedrooms3 bathrooms

3-bedrooms apartment 126 m² in Herceg Novi (city), Montenegro for 460,000 €

Furnished

3-bedrooms apartment 126 m² in Herceg Novi (city), Montenegro

460,000 €

Total area 126 m²3 bedrooms2 bathrooms

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Tranio’s client cases

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08 February 2016
Holidays on the Adriatic: this client bought a sea-view flat in Montenegro
Beautiful Montenegro is one of the less-travelled Eastern European countries. Its magnificent coast, nestled in the mountains, is a perfect getaway from the bustle of big tourist resorts.
02 June 2015
From France to Montenegro: comparative apartmentology of a flat owner’s life
Daria (30), a financial expert from Moscow, Russia, and her husband knew Europe well by the time they bought their first flat there: an apartment in the South of France along the Mediterranean.
13 May 2024
Tranio client's experience: apartment on the French Riviera and obtaining a residence permit for financially...
France is a country known for its quality of life, economic strength, progressive social welfare, developed infrastructure, high environmental standards and care for historical heritage. A residence permit in France allows...
25 April 2024
Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa
Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or...
06 February 2024
Tranio’s client experience: mountain chalet in the Alps for vacation and good rental income
Resort property in the French Alps is a prospective investment, both from the point of view of getting income in high season, and getting a "second home" for vacations in a sunny, comfortable Alpine climate. Alpine...
24 January 2024
Tranio’s client experience: buying a second home on the Costa Blanca
Spanish real estate has consistently been in high demand in the past few decades.
27 October 2023
From renting to permanent residence: a Tranio client's story of buying an apartment in Cyprus
Andrey, an entrepreneur from Moscow, enlisted the Tranio team's help to find an apartment for long-term rental in Cyprus. However, his aspirations evolved into purchasing an apartment for permanent residence for his entire...
13 September 2023
Tranio case: buying an investment property in Phuket
Over the past few decades, Thailand has become a reference of a paradise for living and leisure. White sandy beaches, the azure waters of the Indian Ocean, tropical flora and incredible natural landscapes together with the...
13 September 2023
Client experience: Buying a penthouse in a green suburb of Paris with the Tranio team
Paris is a city that never goes out of fashion. The capital of France is an architectural benchmark where modern public spaces blend organically with the historic environment and architectural monuments. Its image is glorified...
04 September 2023
Tranio case: buying a penthouse on the Côte d'Azur in 2023
Despite the global economic instability, the region shows positive dynamics year after year in terms of return on investment. In 2023, buying property on the Côte d'Azur for foreigners remains an available and effective...

Property for sale in Herceg-Novi

The charm of Herceg Novi unveiled

Discovering the allure of Herceg Novi real estate

Key considerations for property acquisition in Herceg Novi

Variety of properties in Herceg Novi

The advantages of investing in Herceg Novi

Pro tips for a flourishing property purchase

Prospects of the Herceg Novi real estate market

Tranio’s client cases