Kotor Old Town Apartments

Area: 117 m2

Bedrooms: 2

Bathrooms: 2

Two apartments with a total area of 117 m2 in the Old Town of Kotor.

The apartments are completely renovated and equipped with stylish, antique furniture.

The studio apartment has a large living room with a sleeping area, a separate kitchen, and a bathroom. The one-bedroom apartment consists of a living room, a kitchen with a dining room, a bedroom, and a bathroom.

Thanks to its position in the heart of the Old Town, the apartments have excellent rental potential.

At 4,700 € per m² this listing sits close to the median for Kotor, which stands at 4,818 € per m² across the 39 properties we hold there. That makes it a fair reference point for the neighbourhood rather than an outlier in either direction.

We currently hold 39 properties in Kotor, running from €151,000 to €6,000,000; by price this one ranks 20 of 39. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €550,000 for 117 m², transfer tax comes to €25,000 — an effective 4.5%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.

Within 5 km of this address we hold 22 other for sale listings, asking between €163,000 and €6,000,000, with a median of €535,000. At €550,000 for 117 m² this one ranks 12 of 23 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.