Real estate in Montenegro

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  • Budva, Montenegro
    from
    €850,000
    Finishing options Finished
    The year of construction 2024
    Number of floors 3
    Villa for sale in an elite village. Close, with incredible views of the sea and mountains Land area 403 m2 House area 231 m2 2 parking spaces Bassier 7×5 m The house was built taking into account the seismological features of the country from high-quality materials The average cost of renting such a house is 3,500 euros per month  
    Agency
    Montenegro Intel city
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    Agency
    Montenegro Intel city
    Languages
    English, Русский, Crnogorski
  • Budva, Montenegro
    from
    €162,500
    Finishing options Finished
    The year of construction 2024
    Number of floors 5
    For sale in a house under construction, an apartment of 65 m2 is located on the 1st floor and has its own huge terrace of 20 meters, which is not included in the price 2 bedrooms 1 bathroom Price sq m 2500 m House to be completed in 2024 When purchasing, you do not pay 3% tax
    Agency
    Montenegro Intel city
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    Agency
    Montenegro Intel city
    Languages
    English, Русский, Crnogorski
  • Tivat, Montenegro
    from
    €475,000
    Finishing options Finished
    Number of floors 2
    New townhouses for sale in the premium residential complex Lastva Park, Tivat.   Elite area of ​​Donja Lastva, surrounded by greenery and overlooking the sea and mountains   📏Area 154 to 204 m² 3 floors 🛌2,3 bedrooms 🛁4 bathrooms 🍳Kitchen 🌅Terrace with panoramic views 🚘Garage for 2 spaces 🏊‍♀Swimming pool 🧖‍♀Sauna and barbecue area   Lastva Park is a modern residential complex of 9 townhouses, built to the highest standards of quality and design.   Price - from 465,000 to 847,000 💶 Prices are valid until the start of construction of the second stage. Down payment from 30% to 50% depending on the readiness of the townhouse. Installment without interest for a year.
    Agency
    Montenegro Intel city
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    Agency
    Montenegro Intel city
    Languages
    English, Русский, Crnogorski
  • Zabljak, Montenegro
    from
    €99,000
    Finishing options Finished
    The year of construction 2024
    Number of floors 2
    Townhouse on 2 floors 45 sq m, fully equipped with furniture and utensils and all necessary household appliances With a beautiful view of Savin Kuk and its own local area Price 99,000 euros unfurnished or 125,000 euros turnkey
    Agency
    Montenegro Intel city
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    Please tell the seller that you found this ad on Realting.com
    Agency
    Montenegro Intel city
    Languages
    English, Русский, Crnogorski

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Republic of Montenegro
Capital: Podgorica
Languages: Montenegrin
Currency: Euro
Population: 0, 622 mln.
Time zone: (GTM+1:00)
HDI: 0,802
Weather in Podgorica
11°
Clouds
Wind: 0 m/s, east
Pressure: 1012 mm Hg
Humidity: 87%
Average price
for apartment: €305,587
for house: €622,643

FAQ

Any foreign citizen can buy real estate in Montenegro. In order to do this, they must provide their international passport and a deposit for the selected object. Generally, the prepayment is 10% of the transaction, but if the sum is large, the amount of the deposit is further negotiated. 

Quite often, property owners offer their objects on a condition of payment by installments. Interest-free installments, all payment terms are set forth in the contract. An entry in the cadastre prohibits any possibility of resale, donation, or any other re-registration of this object as long as the installment agreement is valid. This contributes to the protection of the buyer. 

Mortgages are not common in Montenegro. There are only a few mortgage options for luxury complexes under construction, where the cost of apartments starts from 200,000 euros. 

Yes, it is possible. The number of people involved in the purchase and further co-ownership is not limited. However, only the owner and his close relatives can get a residence permit in Montenegro on the basis of real estate ownership. 

Testate succession. The persons mentioned in the will receive the inheritance regardless of their citizenship. 

Intestate succession. As a matter of priority, the spouse claims the property, then the children and parents, and only then all other relatives. The citizenship of the owner and heir does not matter. 

The law on the legalization of real estate objects was issued in 2016. 

Legalization in Montenegro is based on the application form. The owner or his representative must submit a certain list of documents, including an application for registration of an object that does not have a construction permit. Then the local administration must add on the tax (land tax) to the payment. When the payment for this tax is provided, the entry saying that the object was built without permission is removed. 

Land tax can be paid in installments in the course of 10 years (maximum).

The real estate property that does not have a construction permit, but is included in the cadastre, can be bought and sold without any restrictions. The same conditions are applied to an object that holds a permit. 

In Montenegro, the objects for demolition may include those that:

  • are located in places where the urban development plan provides for other construction objects;
  • do not correspond to a building constructed without permission;
  • are located on the first coastline (if Morsko Dobro Ministry or a detailed urban plan provided for the construction of a hotel or other objects there, and a building constructed without permission does not correspond to the urban development plan).

If the building was built in a place where there is no detailed urban plan, if it is listed in the cadastre and submitted for legalization, then it is legal. All actions of purchase and sale, donation, inheritance, and obtaining a residence permit are legal and have no restrictions. 

Yes, you can register the property in the name of your child. If you decide to sell your property before the child reaches his or her full age, you will need to deal with the guardianship authorities. 

The contract is signed in the Montenegrin language. During the conclusion of the contract, there is a lawyer who speaks two languages, as well as a court interpreter who reads out the contract in your native language prior to its signing. If you need a translation of the contract into Russian, you can get it for an additional fee. 

The transfer of ownership occurs after the buyer makes a 100% payment. 

Average annual income from renting out real estate is 6-10% of the cost of housing (depending on the type of property). 
 

Yes, it is possible. For example, the company ««MontBel»» has a broad experience in conducting transactions through remote registration by proxy. The seller and buyer are contacted via video call. A lawyer and a court interpreter must be present on the deal. The conclusion of a contract in a remote format is no different from one conducted in person. The client uses a video link to monitor the terms and conditions of the contract signing process. 

In Montenegro, there is a tax on the purchase of the real estate. It is 3% of the estimated cost of the purchased object (but more often the contract amount is taken into account). This is a non-recurrent tax that must be paid within 14 days after the purchase of the property. In Montenegro, there is also an annual property tax + tourist tax (paid once a year). The amount of payment depends on: 

  • the location of the object; 
  • its proximity to the sea and the city; 
  • availability of urban communications; 
  • quadrature; 
  • plottage (if it is a house or villa).