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AI Summary

A luxury business-class villa with an area of 240 m² is located just 100 meters from the azure sea in picturesque Kotor. This magnificent house with five bedrooms and a spacious living room is ideal for comfortable living, combining proximity to the beach with refined Mediterranean style. The property is priced at 1,000,000 euros, making it an attractive purchase for connoisseurs of premium real estate in Montenegro.

No. 1903

House in Kotor No. 1903

Kotor · Bay of Kotor
€1,000,000
View: City view

Details

Area
240 m²
Bedrooms
5
Bathrooms
5
To sea
100 m
Price per m²
€4,167

Description

A house with five apartments inside and a commercial space on the ground floor is for sale. The house is located in the center of the Old Town of Kotor and has several terraces (3 large and two small ones).

The apartments are fully equipped for living, furnished, and fitted with all the necessary appliances. The house operated as a ready-made business (the apartments were rented out through Booking), and there was a shop in the commercial space on the ground floor.

The house is sold as a whole, but the owner is also considering the possibility of selling the commercial space on the ground floor separately from the apartments (it has a separate entrance) for 300,000 euros. The area of the commercial space is 60 sq. m.

Amenities

City viewMountain viewAir conditioningFully furnishedTerrace

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
€1,000,000
Property transfer tax
€52,000
€4,500 (3% × 150,000) + €17,500 (5% × 350,000) + €30,000 (6% × 500,000)

Notarial deed details

Buyers
1
Sellers
1

By default the notary fee assumes a two-party deal (1 seller and 1 buyer) without a court interpreter, with the notary filing the cadastre application. Each party beyond two adds 5% of the tariff, each interpreter adds €15, and 21% VAT is charged on the full amount. Not included: work outside office hours, at weekends or on public holidays (+25%, at least €50), the notary travelling to you (+€35 per started hour plus travel costs), powers of attorney (€60 + VAT each). The notary may use the property's market value if the contract price is lower.

Possible additional costs (not in the total)

Government fees

  • Cadastre registration of title (state fee)from €30
  • Title sheets (listovi) for the dealfrom €7
Total required costs€53,527
Estimated costs to purchase the propertyTotal: €1,053,527

Location

What's nearby

  • SchoolGradska Muzika Kotor66 m
  • Kindergarten267 m
  • GroceriesTobacco Shop57 m
  • PharmacyVegapharm81 m
  • HospitalOpšta bolnica Kotor804 m
  • RestaurantLetrika22 m
  • Bus stopRiva170 m
  • ATM75 m
  • AirportTivat Airport4.5 km
  • PortKotor Cruise Pirs398 m
  • Sea100 m

Frequently asked questions

Yes. Foreign nationals can buy apartments and houses in Montenegro on the same terms as citizens, with full ownership rights. Restrictions apply only to certain agricultural and undeveloped land, which foreigners usually acquire through a Montenegrin company. We handle the entire legal process.
Buying costs depend on the property. Montenegro’s real-estate transfer tax is progressive — the rate depends on the value — and newly built homes are subject to VAT on the first sale. Add notary, registration and optional lawyer fees. The easiest way to get an exact figure for this property is our purchase-cost calculator.
This property is about 100 m from the sea.
Montenegro’s coast has strong seasonal short-term demand and growing long-term demand from people relocating. Actual returns depend on location, furnishing and management — ask us for a projection for this specific property.
Under the new law, a property purchase supports a temporary residence permit only if the property is residential and worth at least €150,000. The rules change periodically, so confirm the current requirements with us.

Calculate mortgage

Beta · still being polished
Property price
€1,000,000
yrs
5 yrs30 yrs
%
3%9%

Bank rates

Beta · still being polished
CKB Bank
CKB Bankbest
fixed for 5 years · 7 days
5.9%
€4,975/mo
NLB Banka
NLB Banka
variable Euribor + 4.2% · 10 days
6.3%
€5,137/mo
Erste Bank
Erste Bank
fixed for 3 years · 14 days
6.5%
€5,219/mo
Monthly payment
€4,620
Over 240 months · at 5.0% p.a.
63%principal
Loan amount€700,000
Total interest€408,726
Loan amount
€700,000
Total interest
€408,726
Total payment
€1,108,726

Want to know how much you can actually get approved for?

< 1 minNo obligation3 banks at once

Rates shown as "from". Final offer depends on your credit profile and the bank's conditions.

€1,000,000
€4,167/m²No. 1903