Can foreigners get a mortgage loan to buy an apartment in Herceg-Novi?

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?

Apartment 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 an apartment 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 an apartment 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 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 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.

What taxes are charged on apartment 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 apartment 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.

Apartments for Sale in Herceg-Novi

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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

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

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 – 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

3 weeks ago

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

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

Furnished

Apartment – Morinj, Herceg-Novi, Montenegro

168,000 €

Total area 54 m²1 bedroom1 bathroom

Discounted apartments and new-builds upon request

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Client manager

We find off-market properties
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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

New apartments with sea views in Bijela, Herceg Novi, Montenegro for 152,000 €

Sea view

New apartments with sea views in Bijela, Herceg Novi, Montenegro

152,000 €

Total area 48 m²1 bedroom1 bathroom

Furnished apartment in a club residential complex in the Bay of Kotor for 210,000 €

With swimming pool

Furnished apartment in a club residential complex in the Bay of Kotor

210,000 €

Total area 83 m²2 bedrooms2 bathrooms

Apartment in a new residential complex in the center of Herceg Novi for 272,000 €

Apartment in a new residential complex in the center of Herceg Novi

272,000 €

Total area 95 m²2 bedrooms1 bathroom

Apartment – Njivice, Herceg-Novi, Montenegro for 192,000 €

Furnished

Apartment – Njivice, Herceg-Novi, Montenegro

192,000 €

Total area 93 m²2 bedrooms2 bathrooms

2 months ago

Magnificent three-bedroom apartment just 50 m from the sea, Topla, Herceg Novi, Montenegro for 555,000 €

Furnished

Magnificent three-bedroom apartment just 50 m from the sea, Topla, Herceg Novi, Montenegro

555,000 €

Total area 158 m²2 bedrooms2 bathrooms

Apartment in a new residential complex near the sea in the center of Herceg Novi for 201,000 €

Apartment in a new residential complex near the sea in the center of Herceg Novi

201,000 €

Total area 73 m²1 bedroom1 bathroom

Furnished apartment in a building with a swimming pool, Djenovici, Herceg Novi, Montenegro for 215,000 €

Furnished

Furnished apartment in a building with a swimming pool, Djenovici, Herceg Novi, Montenegro

215,000 €

Total area 67 m²2 bedrooms2 bathrooms

Apartment with courtyard in a residential complex in the Bay of Kotor for 199,000 €

With swimming pool

Apartment with courtyard in a residential complex in the Bay of Kotor

199,000 €

Total area 84 m²2 bedrooms2 bathrooms

Duplex apartment with sea and mountain views, Herceg Novi, Montenegro for 195,000 €

Furnished

Duplex apartment with sea and mountain views, Herceg Novi, Montenegro

195,000 €

Total area 63 m²1 bedroom2 bathrooms

Apartment – Baosici, Herceg-Novi, Montenegro for 240,000 €

Sea view

Apartment – Baosici, Herceg-Novi, Montenegro

240,000 €

Total area 88 m²2 bedrooms1 bathroom

Three-bedroom apartment on the first line from the sea, Kostanjica, Herceg Novi, Montenegro for 360,000 €

Furnished

Three-bedroom apartment on the first line from the sea, Kostanjica, Herceg Novi, Montenegro

360,000 €

Total area 95 m²3 bedrooms1 bathroom

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

New home – Herceg Novi (city), Herceg-Novi, Montenegro

207,000 €

Total area 69 m²2 bedrooms1 bathroom

2 months ago

Spacious 3-bedroom apartment in a new premium class residential complex for 580,000 €

With swimming pool

Spacious 3-bedroom apartment in a new premium class residential complex

580,000 €

Total area 167 m²3 bedrooms2 bathrooms

Two-bedroom apartment with panoramic sea views in Bijela, Herceg Novi, Montenegro for 250,000 €

Furnished

Two-bedroom apartment with panoramic sea views in Bijela, Herceg Novi, Montenegro

250,000 €

Total area 80 m²2 bedrooms1 bathroom

2-bedroom apartment on the first line from the sea for 1,200,000 €

The first line

2-bedroom apartment on the first line from the sea

1,200,000 €

Total area 180 m²Land area: 465 m²2 bedrooms1 bathroom

Apartment – Herceg Novi (city), Herceg-Novi, Montenegro for 148,000 €

Sea view

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

148,000 €

Land area: 40 m²1 bedroom1 bathroom

One-bedroom apartment in PORTONOVI for 545,000 €

One-bedroom apartment in PORTONOVI

545,000 €

Total area 88 m²1 bedroom1 bathroom

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Apartments for sale in Herceg-Novi