Property In Herceg Novi
 

 

There are no major restrictions regarding property purchase however, land titles must be registered and verified through the court, given there can be multiple ownership as assets have passed down through generations. Reputable agents will employ resident solicitors and architects to ensure clean titles, ownership, and accurate structural information. Providing a well organised and efficient service, where property purchase and legal transfer usually takes 2 - 4 weeks as opposed to 7 - 10 weeks. Furthermore the majority of registered agents charge a commission of between 3% and 5% based on the property purchase price.

   
  When purchasing a property the only additional costs above and beyond the purchase price should be:
   
 

1. Mandatory: Property Tax 2% of the valuation payable to the solicitor who will pay the Property Tax to the local Council Offices. For further details visit our website and click onto the 'Legal' link.

  2. Mandatory: Court costs approximately €150 - €300 payable directly to the solicitor
  3. Mandatory: Legal fees range from between €500 and €800 dependant upon which solicitor you choose, alongside whether or not their fees include court and translation costs.
  4. Optional: A written structural survey which usually costs €150 - €500 euros (maximum).
  5. Optional: Home & Contents Insurance, prices fluctuate.
   
 
Reference Code: Herceg Novi_05_a/f_S
Price: €594,000
Location: Herceg Novi, Exclusive Location
Bedrooms 6