One-bedroom apartment with panoramic sea-view, Bijela, Herceg Novi

Modern apartments under construction with sea-view in Bijela, Herceg Novi.

Residential units of various layouts are available: studio apartments, one-bedroom, and two-bedroom apartments.

Our recommendation is a one-bedroom apartment with a total area of 54 m2, consisting of a living room, kitchen, dining area, bedroom, bathroom, and a 6 m2 terrace with a panoramic sea-view.

A garage parking space is available for the price of 20,000 €.

Completion of construction is planned for June 2027.

The building is located close to all major supermarkets, a school, a medical clinic, and children’s playgrounds, and is only a 5-minute walk from the beach. The distance to the center of Herceg Novi is 14 km, and Tivat Airport is 10 km away.

At 3,203 € per m² this listing sits about 56% below the median for Herceg Novi, which stands at 7,222 € per m² across the 30 properties we hold there. Below-median usually means one of three things: set back from the water, an older build, or a floor plan that needs work.

We currently hold 30 properties in Herceg Novi, running from €173,000 to €3,375,000; by price this one ranks 30 of 30. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €173,000 for 54 m², transfer tax comes to €5,650 — an effective 3.3%. 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 73 other for sale listings, asking between €125,440 and €3,375,000, with a median of €650,000. At €173,000 for 54 m² this one ranks 71 of 74 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.