Montenegro is a picturesque country on the Adriatic coast, famous for its magnificent beaches, mountain landscapes and rich cultural heritage. The country attracts investors with the opportunity to buy real estate in Montenegro and obtain a residence permit.
Advantages of buying property in Montenegro
Among the advantages of buying real estate in Montenegro:
- Affordable prices. The cost of Montenegro real estate is lower than in many other European countries, which makes it attractive to investors.
- Ease of registration. The process of acquiring real estate for foreigners is relatively simple and transparent.
- Possibility of obtaining a residence permit. Buying property in Montenegro can serve as the basis for obtaining a residence permit in the country.
- Development of tourism. High tourism potential allows considering real estate as a source of rental income.
Real estate prices in Montenegro
A wide range of Montenegro property for sale are available: from cozy apartments to luxury villas on the coast of Montenegro. Average housing prices vary depending on the region and type of property.
Average real estate prices in Montenegro by region:
- Budva. The average price per square meter on the secondary market is about €2,900.
- Herceg Novi. In this region, the average price for secondary housing reaches €4,300 per square meter.
- Bar. Prices on the secondary market are at the level of €2,200 per square meter.
- Tivat. The average price per square meter on the secondary market is about €4,100.
In recent years, there has been an increase in real estate prices in Montenegro. For example, in Podgorica, prices have increased by 5%, approaching the mark of €2,000 per square meter.
Features of purchasing real estate in Montenegro
Anyone can buy housing in Montenegro, but there are still restrictions. Foreigners cannot purchase land in national parks and at a distance of less than one kilometer from the state border. This ban also applies to the islands of Montenegrin jurisdiction in the Adriatic Sea.
When buying, you should consider the following points:
- Taxes. When purchasing real estate, a real estate turnover tax of 3% of the property value is charged.
- Documents. Standard documents such as passport, sales contract and proof of payment are required.
- Requirements for foreigners. Foreign citizens have the right to purchase real estate for sale in Montenegro under the same conditions as local residents, with the exception of agricultural land.
Popular cities and areas of Montenegro for buying property
The coastal cities of Montenegro are in great demand among tourists, while settlements in the mountainous parts and large cities attract those who want to stay in the country on a permanent basis.
- Budva. Known for its beaches and active nightlife. The average price of an apartment in the city center is about € 2,888 per square meter.
- Kotor. A city with a rich history and unique architecture. The sale of real estate in Kotor is limited due to the large number of historical areas.
- Tivat. With an international airport and the prestigious marina Porto Montenegro, the city attracts many investors.
- Bar. A port city with developed infrastructure and more affordable housing prices.
- Herceg Novi. Known for its healing springs and botanical gardens. Offers a variety of real estate options.
