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

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 Kotor?

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

Can buying an apartment in Kotor 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 Kotor?

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 Kotor?

The apartment prices in Kotor vary in a range of €2100-2600 for a square metre depending on the region and distance from the sea.

What taxes are charged on apartment purchase, ownership, and sale in Kotor?

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 Kotor on the website .

Key takeaways about Kotor to know before property purchase: what makes the region special?

Kotor is a finely-preserved historic town, and the old city of Kotor is a UNESCO World Heritage site. It is the administrative, cultural, religious, education, and economic centre of the Bay of Kotor, and a good destination for city tours and excursions. Kotor is a walled town with the longest wall walk in Europe, and is remarkably scenic with abundant historic sights and monuments of architecture against the background of the mountains plunging almost vertically into the sea. There are no arranged beaches with kempt facilities in Kotor, and the coastal water here is not so clean as in the other resort towns.

Kotor Apartments for Sale

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Furnished

3-bedroom apartment 95 m² in Kotor city

Kotor city, Kotor, Montenegro

395,000 €

Total area 95 m² · 3 bedrooms · 1 bathroom

Furnished

2-bedroom apartment 97 m² in Kotor city

Kotor city, Kotor, Montenegro

272,000 €

Total area 97 m² · 2 bedrooms · 2 bathrooms

Furnished

3-bedroom apartment 125 m² in Risan

Risan, Kotor, Montenegro

1,950,000 €

Total area 125 m² · 3 bedrooms · 2 bathrooms

Furnished

2-bedroom apartment 131 m² in Risan

Risan, Kotor, Montenegro

1,325,000 €

Total area 131 m² · 2 bedrooms · 3 bathrooms

Furnished

3-bedroom apartment 288 m² in Risan

Risan, Kotor, Montenegro

2,521,000 €

Total area 288 m² · 3 bedrooms · 2 bathrooms

Furnished

1-bedroom apartment 58 m² in Kotor city

Kotor city, Kotor, Montenegro

430,000 €

Total area 58 m² · 1 bedroom · 1 bathroom

Elvira Gracheva

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Furnished

Apartment 31 m² in Kotor city

Kotor city, Kotor, Montenegro

175,000 €

Total area 31 m² · 1 bathroom

Furnished

1-bedroom apartment 65 m² in Kotor city

Kotor city, Kotor, Montenegro

227,000 €

Total area 65 m² · 1 bedroom · 1 bathroom

1-bedroom apartment 40 m² in Kotor city for 168,000 €

Sea view

1 week ago

1-bedroom apartment 40 m² in Kotor city

Kotor city, Kotor, Montenegro

168,000 €

Total area 40 m² · 1 bedroom · 1 bathroom

Sea view

2-bedroom apartment 70 m² in Dobrota

Dobrota, Kotor, Montenegro

405,000 €

Total area 70 m² · 2 bedrooms · 1 bathroom

2-bedroom apartment 59 m² in Risan for 220,000 €

Sea view

1 week ago

2-bedroom apartment 59 m² in Risan

Risan, Kotor, Montenegro

220,000 €

Total area 59 m² · 2 bedrooms · 2 bathrooms

With swimming pool

3-bedroom apartment 129 m² in Orahovac

Orahovac, Kotor, Montenegro

395,000 €

Total area 129 m² · 3 bedrooms · 2 bathrooms

Sea view

3-bedroom apartment 140 m² in Dobrota

Dobrota, Kotor, Montenegro

570,000 €

Total area 140 m² · Land area: 170 m² · 3 bedrooms · 2 bathrooms

With swimming pool

1-bedroom apartment 54 m² in Dobrota

Dobrota, Kotor, Montenegro

256,000 €

Total area 54 m² · 1 bedroom · 1 bathroom

The first line

1-bedroom apartment 124 m² in Stoliv

Stoliv, Kotor, Montenegro

992,000 €

Total area 124 m² · 1 bedroom · 2 bathrooms

With swimming pool

1-bedroom apartment 54 m² in Dobrota

Dobrota, Kotor, Montenegro

311,000 €

Total area 54 m² · 1 bedroom · 1 bathroom

Sea view

3-bedroom apartment 120 m² in Dobrota

Dobrota, Kotor, Montenegro

570,000 €

Total area 120 m² · 3 bedrooms · 2 bathrooms

2-bedroom apartment in new building 131 m² in Risan

Risan, Kotor, Montenegro

1,131,000 €

Total area 131 m² · 2 bedrooms · 2 bathrooms

The first line

2-bedroom apartment 95 m² in Kotor city

Kotor city, Kotor, Montenegro

320,000 €

Total area 95 m² · 2 bedrooms · 2 bathrooms

3-bedroom apartment 190 m² in Kotor city

Kotor city, Kotor, Montenegro

800,000 €

Total area 190 m² · 3 bedrooms · 2 bathrooms

2-bedroom apartment 76 m² in Kotor city

Kotor city, Kotor, Montenegro

250,000 €

Total area 76 m² · 2 bedrooms · 1 bathroom

1-bedroom apartment 56 m² in Kotor city

Kotor city, Kotor, Montenegro

Price on request

Total area 56 m² · 1 bedroom · 2 bathrooms

Residential complex

New residential complex within walking distance from the beach, Prcanj, Kotor Bay, Montenegro

Prčanj, Kotor, Montenegro

From 170,000 €

Total 22 units available from the developer

Built in 2025

1 bedroom from 170,000 €

2 bedrooms from 250,000 €

Furnished

Furnished apartment with a patio, a garage and sea views in Kostanjica, Bay of Kotor, Montenegro

Kotor city, Kotor, Montenegro

250,000 €

Total area 68 m² · 2 bedrooms · 2 bathrooms

Sea view

1-bedroom apartment 51 m² in Kotor city

Kotor city, Kotor, Montenegro

165,000 €

Total area 51 m² · 1 bedroom · 1 bathroom

1-25 of 154 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...

Apartments for Sale in Kotor