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.

144 Apartments for Sale in Kotor, Buy Flat from 95,000€

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Apartment – Risan, Kotor, Montenegro for 480,000 €

Furnished

Apartment – Risan, Kotor, Montenegro

480,000 €

Total area 192 m²2 bedrooms2 bathrooms

Apartment – Kotor (city), Kotor, Montenegro for 405,000 €

Apartment – Kotor (city), Kotor, Montenegro

405,000 €

Total area 70 m²2 bedrooms1 bathroom

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.

Apartment – Risan, Kotor, Montenegro for 1,082,000 €

Sea view

Apartment – Risan, Kotor, Montenegro

1,082,000 €

Total area 131 m²2 bedrooms2 bathrooms

3 months ago

Apartment – Kotor (city), Kotor, Montenegro for 234,000 €

Furnished

Apartment – Kotor (city), Kotor, Montenegro

234,000 €

Total area 71 m²2 bedrooms2 bathrooms

Apartment – Risan, Kotor, Montenegro for 218,000 €

Furnished

Apartment – Risan, Kotor, Montenegro

218,000 €

Total area 92 m²2 bedrooms2 bathrooms

Apartment – Kotor (city), Kotor, Montenegro for 160,000 €

Furnished

Apartment – Kotor (city), Kotor, Montenegro

160,000 €

Total area 47 m²2 bedrooms1 bathroom

1 week ago

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Apartment – Dobrota, Kotor, Montenegro for 299,000 €

Furnished

Apartment – Dobrota, Kotor, Montenegro

299,000 €

Total area 82 m²2 bedrooms2 bathrooms

Apartment – Kotor (city), Kotor, Montenegro for 206,000 €

Furnished

Apartment – Kotor (city), Kotor, Montenegro

206,000 €

Total area 51 m²2 bedrooms1 bathroom

Apartment – Kotor (city), Kotor, Montenegro for 525,000 €

Apartment – Kotor (city), Kotor, Montenegro

525,000 €

Total area 112 m²3 bedrooms2 bathrooms

Apartment – Kotor (city), Kotor, Montenegro for 270,000 €

Furnished

Apartment – Kotor (city), Kotor, Montenegro

270,000 €

Total area 100 m²2 bedrooms2 bathrooms

Apartment – Risan, Kotor, Montenegro for 304,000 €

Furnished

Apartment – Risan, Kotor, Montenegro

304,000 €

Total area 127 m²2 bedrooms3 bathrooms

Apartment – Risan, Kotor, Montenegro for 462,000 €

The first line

Apartment – Risan, Kotor, Montenegro

462,000 €

Total area 53 m²1 bedroom1 bathroom

2 months ago

Apartment – Kotor (city), Kotor, Montenegro for 330,000 €

Furnished

Apartment – Kotor (city), Kotor, Montenegro

330,000 €

Total area 114 m²4 bedrooms2 bathrooms

Apartment – Risan, Kotor, Montenegro for 234,000 €

Furnished

Apartment – Risan, Kotor, Montenegro

234,000 €

Total area 92 m²2 bedrooms2 bathrooms

Apartment – Prčanj, Kotor, Montenegro for 155,000 €

Furnished

Apartment – Prčanj, Kotor, Montenegro

155,000 €

Total area 70 m²2 bedrooms2 bathrooms

Apartment – Dobrota, Kotor, Montenegro for 150,000 €

Furnished

Apartment – Dobrota, Kotor, Montenegro

150,000 €

Total area 49 m²1 bedroom1 bathroom

1 month ago

Apartment – Kotor (city), Kotor, Montenegro for 185,000 €

Furnished

Apartment – Kotor (city), Kotor, Montenegro

185,000 €

Total area 50 m²1 bedroom1 bathroom

Apartment – Kotor (city), Kotor, Montenegro for 266,000 €

Apartment – Kotor (city), Kotor, Montenegro

266,000 €

Total area 52 m²2 bedrooms1 bathroom

3 weeks ago

Apartment – Kotor (city), Kotor, Montenegro for 215,000 €

Sea view

Apartment – Kotor (city), Kotor, Montenegro

215,000 €

Total area 75 m²1 bedroom1 bathroom

Apartment – Kotor (city), Kotor, Montenegro for 250,000 €

Furnished

Apartment – Kotor (city), Kotor, Montenegro

250,000 €

Total area 80 m²4 bedrooms2 bathrooms

Apartment – Risan, Kotor, Montenegro for 300,000 €

With swimming pool

Apartment – Risan, Kotor, Montenegro

300,000 €

Total area 125 m²2 bedrooms2 bathrooms

Apartment – Kotor (city), Kotor, Montenegro for 355,000 €

Furnished

Apartment – Kotor (city), Kotor, Montenegro

355,000 €

Total area 62 m²2 bedrooms1 bathroom

Apartment – Kotor (city), Kotor, Montenegro for 350,000 €

Apartment – Kotor (city), Kotor, Montenegro

350,000 €

Total area 78 m²2 bedrooms1 bathroom

Apartment – Risan, Kotor, Montenegro for 615,000 €

Sea view

Apartment – Risan, Kotor, Montenegro

615,000 €

Total area 85 m²1 bedroom1 bathroom

Apartment – Kotor (city), Kotor, Montenegro for 385,000 €

Apartment – Kotor (city), Kotor, Montenegro

385,000 €

Total area 68 m²2 bedrooms1 bathroom

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Apartments for sale in Kotor