AI Summary

A luxurious hotel in Igalo with an area of 650 sq. m is for sale, located just 80 meters from the azure coastline. The building includes 11 cozy bedrooms, bright living rooms, and fully equipped kitchens, offering ideal conditions for guests' comfortable stay. This is a turnkey business with an excellent location, making it a profitable investment in Montenegro real estate.

Mini Hotel in Igalo No. 660

Igalo · Bay of Kotor, Igalo, Montenegro
1 900 000 €
View: Sea view

Details

Area
650 м²
Land area
442 м²
Bedrooms
11
Bathrooms
13
Parking
Yes
To sea
80 m
Price per m²
2 923 €

Description

Mini-hotel in Igalo
A mini-hotel is for sale in the resort of Igalo, in the area of the city of Herceg Novi, which is only 80 m away from the sea and the nearest beach. The property has a total area of 650 m2 and is located on a plot with a total area of 442 m2.
The hotel has four floors: on the first floor there is a restaurant (150 m2), built of stone with a model of an old mill in the middle of the restaurant. The restaurant has a kitchen, a toilet, as well as a terrace of 100 m2.
On the second floor there are 4 studios and 1 one-bedroom apartment.
On the third floor there are 2 studios and 2 one-bedroom apartments.
On the fourth floor there are 2 two-bedroom apartments.
Each apartment in the hotel has furniture, bathrooms, kitchens, and terraces with sea and mountain views.

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
1 900 000 €
Real estate transfer tax
106 000 €
4 500 € (3% × 150 000) + 17 500 € (5% × 350 000) + 84 000 € (6% × 1 400 000)

Possible additional costs

  • Cadastre applicationsfrom 30 €
  • Ownership sheets (listovi) for the dealfrom 7 €
  • Sworn translator services· per contract / hourfrom 50 €
Total required costs108 453 €
Estimated costs to purchase the propertyTotal: 2 008 453 €

Location

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 80 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
€1,900,000
yrs
5 yrs30 yrs
%
3%9%

Ставки банков

Beta · still being polished
CKB Bank
CKB Bankлучшая
фикс. на 5 лет · 7 дн
5.9%
€9,452/мес
NLB Banka
NLB Banka
плавающая Euribor + 4.2% · 10 дн
6.3%
€9,760/мес
Erste Bank
Erste Bank
фикс. на 3 года · 14 дн
6.5%
€9,916/мес
Monthly payment
€8,777
Over 240 months · at 5.0% p.a.
63%тело
Loan amount€1,330,000
Total interest€776,579
Loan amount
€1,330,000
Total interest
€776,579
Total payment
€2,106,579

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.

1 900 000 €
2 923 €/m²660