Can foreigners get a mortgage loan to buy an apartment in Herceg Novi?

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?

Apartment 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 an apartment 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 an apartment 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 an apartment 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 apartment 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.

What taxes are charged on apartment 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 apartment 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 Apartments for Sale

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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 57 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

300,000 €

Total area 57 m² · 2 bedrooms · 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

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

Elvira Gracheva

Head of Sales Tranio Europe

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3 weeks ago

2-bedroom apartment 95 m² in Igalo

Igalo, Herceg Novi, Montenegro

350,000 €

Total area 95 m² · 2 bedrooms · 2 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

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

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

1-bedroom apartment 73 m² in Bijela

Bijela, Herceg Novi, Montenegro

245,000 €

Total area 73 m² · 1 bedroom

3-bedroom penthouse 226 m² in Đenovići

Đenovići, Herceg Novi, Montenegro

1,150,000 €

Total area 226 m² · 3 bedrooms · 3 bathrooms

Two-bedroom penthouse with sea views in a prestigious complex, Morinj, Bay of Kotor, Montenegro

Morinj, Herceg Novi, Montenegro

360,000 €

Total area 90 m² · 2 bedrooms · 2 bathrooms

Residential complex

Modern residential complex with a sea view in Kumbor, Herceg Novi, Montenegro

Kumbor, Herceg Novi, Montenegro

From 153,000 €

Total 9 units available from the developer

Built in 2025

1 bedroom from 153,000 €

2 bedrooms from 500,000 €

3 bedrooms from 335,000 €

Furnished

2-bedroom apartment 87 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

380,000 €

Total area 87 m² · 2 bedrooms · 2 bathrooms

Furnished

2-bedroom apartment 50 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

150,000 €

Total area 50 m² · 2 bedrooms · 1 bathroom

1-bedroom apartment 61 m² in Herceg Novi city for 220,000 €

Sea view

2 months ago

1-bedroom apartment 61 m² in Herceg Novi city

Herceg Novi city, Herceg Novi, Montenegro

220,000 €

Total area 61 m² · 1 bedroom · 1 bathroom

1-25 of 78 listings, page 1 of 3

Tranio’s client cases

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08 February 2016
Holidays on the Adriatic: this client bought a sea-view flat in Montenegro
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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...
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From Old Office to Modern Apartment: Securing Property and a Greek Residence Permit in Five Months under the...
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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
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The Master Key: How a Tranio Client Optimised Taxes Through Real Estate Investment in Cyprus
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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...

Apartments for Sale in Herceg Novi