Kotor Real Estate

Real estate in Kotor and the wider Bay of Kotor covers agencies, property managers and rental specialists handling sales, lettings and short-term holiday rentals across the bay's districts.

Most of the agency activity sits inside Kotor Old Town, on the Dobrota waterfront road and in Perast, where stone houses, sea-view apartments and bayside villas form the bulk of the market. Resale prices for a one-bedroom apartment in Dobrota generally run €120,000 to €220,000, with bay-view units in Perast and Prčanj reaching €250,000 to €450,000 and stone houses inside the Old Town walls listed from €350,000 upwards. Rural plots above Škaljari and Muo trade lower, often €40 to €120 per square metre depending on access and view.

Long-term rentals are tighter than the sales market because most owners switch to short-term lets between May and October. Year-round one-bedroom rentals in Dobrota or Škaljari typically run €350 to €650 a month outside summer, with utilities billed separately. Property management firms handle the rotation between long-term leases in winter and Booking.com or Airbnb listings in summer for many owners on the bay.

Foreign buyers can purchase residential property in their own name without a company structure, and the Notar's office in Kotor handles the conveyancing. Transaction tax sits at 3% of the registered price for most resales. Spring and autumn are the best months for viewings because the same trip covers more properties without summer-traffic delays on the bay road.