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 70,000€

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Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 375,000 €

With swimming pool

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

375,000 €

Total area 213 m²Land area: 453 m²4 bedrooms4 bathrooms

Villa – Kamenari, Herceg-Novi, Montenegro for 500,000 €

Villa – Kamenari, Herceg-Novi, Montenegro

500,000 €

Total area 130 m²Land area: 335 m²4 bedrooms3 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.

Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 794,000 €

The first line

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

794,000 €

Total area 210 m²Land area: 742 m²4 bedrooms2 bathrooms

Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 240,000 €

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

240,000 €

Total area 448 m²Land area: 326 m²4 bedrooms2 bathrooms

Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 870,000 €

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

870,000 €1,100,000 €

Total area 238 m²4 bedrooms2 bathrooms

Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 890,000 €

With swimming pool

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

890,000 €

Total area 198 m²Land area: 410 m²6 bedrooms5 bathrooms

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Apartment – Herceg Novi (city), Herceg-Novi, Montenegro for 1,275,000 €

Furnished

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

1,275,000 €

Total area 150 m²2 bedrooms2 bathrooms

Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 220,000 €

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

220,000 €

Total area 850 m²Land area: 626 m²3 bedrooms4 bathrooms

Villa – Bijela, Herceg-Novi, Montenegro for 730,000 €

Villa – Bijela, Herceg-Novi, Montenegro

730,000 €

Total area 366 m²Land area: 548 m²11 bedrooms8 bathrooms

Apartment – Herceg Novi (city), Herceg-Novi, Montenegro for 240,000 €

Furnished

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

240,000 €

Total area 75 m²2 bedrooms2 bathrooms

Villa – Kumbor, Herceg-Novi, Montenegro for 318,000 €

With garden

Villa – Kumbor, Herceg-Novi, Montenegro

318,000 €

Total area 114 m²Land area: 268 m²2 bedrooms2 bathrooms

Apartment – Herceg Novi (city), Herceg-Novi, Montenegro for 207,000 €

Sea view

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

207,000 €

Total area 69 m²2 bedrooms1 bathroom

2 weeks ago

Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 1,300,000 €

With swimming pool

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

1,300,000 €

Total area 420 m²Land area: 890 m²5 bedrooms3 bathrooms

Apartment – Herceg Novi (city), Herceg-Novi, Montenegro for 450,000 €

Furnished

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

450,000 €

Total area 125 m²3 bedrooms2 bathrooms

Apartment – Herceg Novi (city), Herceg-Novi, Montenegro for 850,000 €

Furnished

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

850,000 €

Total area 98 m²1 bedroom1 bathroom

Townhome – Herceg Novi (city), Herceg-Novi, Montenegro for 680,000 €

With swimming pool

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

680,000 €

Total area 235 m²Land area: 400 m²4 bedrooms2 bathrooms

Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 600,000 €

With swimming pool

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

600,000 €

Total area 200 m²2 bedrooms2 bathrooms

Apartment – Morinj, Herceg-Novi, Montenegro for 168,000 €

Furnished

Apartment – Morinj, Herceg-Novi, Montenegro

168,000 €

Total area 54 m²1 bedroom1 bathroom

Villa – Herceg Novi (city), Herceg-Novi, Montenegro for 450,000 €

With swimming pool

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

450,000 €

Total area 193 m²Land area: 636 m²3 bedrooms3 bathrooms

Modern five-storey villa with an indoor pool in the center of Herceg Novi, Montenegro for 1,560,000 €

With swimming pool

Modern five-storey villa with an indoor pool in the center of Herceg Novi, Montenegro

1,560,000 €

4 bedrooms4 bathrooms

Apartment – Morinj, Herceg-Novi, Montenegro for 160,000 €

Furnished

Apartment – Morinj, Herceg-Novi, Montenegro

160,000 €

Total area 56 m²1 bedroom1 bathroom

Apartments in a new residence with a swimming pool and a gym, Denovici, Montenegro for 500,000 €

Sea view

Apartments in a new residence with a swimming pool and a gym, Denovici, Montenegro

500,000 €

Total area 71 m²2 bedrooms

Villa – Bijela, Herceg-Novi, Montenegro for 1,700,000 €

Villa – Bijela, Herceg-Novi, Montenegro

1,700,000 €

Total area 470 m²5 bedrooms4 bathrooms

Furnished villa with a swimming pool and a garden at 300 meters from the beach, Denovici, Montenegro for 1,600,000 €

With swimming pool

Furnished villa with a swimming pool and a garden at 300 meters from the beach, Denovici, Montenegro

1,600,000 €

Total area 760 m²Land area: 2,000 m²5 bedrooms7 bathrooms

Stone house just 30 m from the coast, Kamenari, Herceg Novi, Montenegro for 616,000 €

Sea view

Stone house just 30 m from the coast, Kamenari, Herceg Novi, Montenegro

616,000 €

Total area 200 m²4 bedrooms

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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