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What does buying cost for foreign nationals?

Foreign nationals buy apartments, houses and commercial units in Montenegro on the same terms as locals. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges. Agricultural land and forests must be bought through a locally registered company.

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The listing is active and the property is for sale. Contact the advertiser to confirm the latest status.

For Sale, Land, Radanovici, Kotor | €292.000

PROPERTY DESCRIPTION

Price: 200 €/m²

For sale: urbanized land with an area of 1,460 m² in Radanovići, Kotor municipality, right next to the main highway Budva–Tivat.

The plot is located in the first row to the highway, which ensures excellent traffic connectivity and makes it attractive for the realization of commercial and investment projects.

According to the issued urban-technical conditions (UTC), the land is located in a mixed-use zone (MN), which envisages the construction of residential and commercial buildings.

Basic urban parameters:

Investment potential

Thanks to its location right next to the highway and the mixed-use nature of the land, the plot is suitable for the development of various commercial projects, such as a car showroom, car service, office building, retail spaces, or a multifunctional complex.

There is also the possibility of considering a residential or combined project, with commercial spaces on the ground floor and residential units on the upper floors.

The specific purpose of the future building is subject to verification and alignment with the current urban-technical conditions.