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.

Herceg Novi Real Estate for Sale

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Villa 179 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

620,000 €

Total area 179 m² · Land area: 616 m²

With swimming pool

4-bedroom villa 236 m² in Njivice

Njivice, Herceg Novi, Montenegro

850,000 €

Total area 236 m² · Land area: 427 m² · 4 bedrooms · 4 bathrooms

1-bedroom apartment 77 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

737,000 €

Total area 77 m² · 1 bedroom · 1 bathroom

Furnished

Apartment 40 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

299,000 €

Total area 40 m² · 1 bathroom

Apartment 40 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

425,000 €

Total area 40 m² · 1 bathroom

Furnished

2-bedroom apartment 84 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

357,000 €

Total area 84 m² · 2 bedrooms · 1 bathroom

Elvira Gracheva

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Furnished

2-bedroom apartment 57 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

300,000 €

Total area 57 m² · 2 bedrooms · 1 bathroom

Furnished

1-bedroom apartment 44 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

500,000 €

Total area 44 m² · 1 bedroom · 1 bathroom

Land plot 1,538 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

219,000 €

Land area: 1,538 m²

3 weeks ago

2-bedroom apartment 95 m² in Igalo

Igalo, Herceg Novi, Montenegro

350,000 €

Total area 95 m² · 2 bedrooms · 2 bathrooms

The first line

3-bedroom villa 287 m² in Kumbor

Kumbor, Herceg Novi, Montenegro

2,790,000 €

Total area 287 m² · Land area: 131 m² · 3 bedrooms · 3 bathrooms

Furnished

2-bedroom apartment 171 m² in Kumbor

Kumbor, Herceg Novi, Montenegro

1,385,000 €

Total area 171 m² · 2 bedrooms · 2 bathrooms

With swimming pool

3-bedroom apartment 611 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

6,995,000 €

Total area 611 m² · 3 bedrooms · 3 bathrooms

With swimming pool

3-bedroom apartment 158 m² in Đenovići

Đenovići, Herceg Novi, Montenegro

655,000 €

Total area 158 m² · 3 bedrooms · 2 bathrooms

With swimming pool

3-bedroom apartment 226 m² in Đenovići

Đenovići, Herceg Novi, Montenegro

1,150,000 €

Total area 226 m² · 3 bedrooms · 2 bathrooms

With swimming pool

3-bedroom villa 224 m² in Đenovići

Đenovići, Herceg Novi, Montenegro

1,150,000 €

Total area 224 m² · Land area: 314 m² · 3 bedrooms · 2 bathrooms

Residential complex

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

Kumbor, Herceg Novi, Montenegro

From 350,000 €

Total 56 units available from the developer

Completion in: 2026.IV

1 bedroom from 350,000 €

2 bedrooms from 441,000 €

With swimming pool

3-bedroom apartment 237 m² in Kumbor

Kumbor, Herceg Novi, Montenegro

2,095,000 €

Total area 237 m² · 3 bedrooms · 3 bathrooms

With swimming pool

2-bedroom apartment 120 m² in Kumbor

Kumbor, Herceg Novi, Montenegro

1,450,000 €

Total area 120 m² · 2 bedrooms · 2 bathrooms

With swimming pool

2-bedroom apartment 76 m² in Kumbor

Kumbor, Herceg Novi, Montenegro

289,000 €

Total area 76 m² · Land area: 59 m² · 2 bedrooms · 2 bathrooms

The first line

2-bedroom apartment 73 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

210,000 €

Total area 73 m² · 2 bedrooms · 2 bathrooms

Sea view

Two-storey house with panoramic sea views in Bijela, Herceg Novi, Montenegro

Bijela, Herceg Novi, Montenegro

295,000 €

Total area 162 m² · Land area: 315 m² · 4 bedrooms · 4 bathrooms

With swimming pool

2-bedroom apartment 89 m² in Bijela

Bijela, Herceg Novi, Montenegro

298,000 €

Total area 89 m² · 2 bedrooms

1-bedroom apartment 42 m² in Kumbor for 145,000 €

Sea view

2 months ago

1-bedroom apartment 42 m² in Kumbor

Kumbor, Herceg Novi, Montenegro

145,000 €

Total area 42 m² · 1 bedroom · 1 bathroom

With swimming pool

3-bedroom villa 128 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

480,000 €

Total area 128 m² · 3 bedrooms

1-25 of 133 listings, page 1 of 6

Tranio’s client cases

All cases

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.
18 March 2026
Turnkey EU Residence Permit: How a Family Bought an Apartment in Tranio’s Filosofia Project and Received a Greek...
In 2025, a family came to us: a married couple and their adult son. Their goal was to obtain a European residence permit. Initially, they were choosing between Cyprus and Greece. Ultimately, the Greek Golden Visa programme...
29 July 2025
From Old Office to Modern Apartment: Securing Property and a Greek Residence Permit in Five Months under the...
Once again, a Tranio client has chosen Greece Golden Visa programme as the most affordable European residency option through real estate investment. The programme was revised in 2024. Now, the most accessible route is through...
14 July 2025
London as a Second Home: Three Families Buy Apartments for Their Student Children
In recent months, we have received three similar requests to source property in London. This article features real client stories and a look at how property is purchased in the UK capital with Tranio.
06 May 2025
The Art of Renovation in Northern Athens and One-Stop-Shop Service of Tranio Hellas: Why Investor Bought Apartment...
Tranio has been operating in the Greek property market since 2010, selecting homes for clients from trusted partners across different regions — both in cities and in coastal resort locations.
28 February 2025
The Master Key: How a Tranio Client Optimised Taxes Through Real Estate Investment in Cyprus
Cyprus is one of the most sought-after destinations for tax optimisation, offering a transparent legal framework, full EU membership, and attractive conditions for foreign investors.
28 February 2025
The Final Lap: Returns Secured by Investors in The Community, Motor City
In October 2022, Tranio proudly unveiled a co-investment opportunity in The Community, a residential development in Motor City. This exclusive proposition invited discerning partners and clients to engage at the project’s...
21 February 2025
Exploring Oman's Office Real Estate Market: A Client's Perspective
Economic diversification has long been a priority for Gulf nations, with each country adopting its own strategy. The UAE leverages soft power and flexibility, Saudi Arabia pursues an aggressive approach with ambitious megaprojects...
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...

Real Estate 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