Property Selection in Montenegro by region
Catalogue
Special offers
- € 379 000
- Apartment, For sale
- ID: ME-103-140051
- Montenegro, Budva riviera, Budva
Three bedroom apartment with magnificent panoramic views
- € 850 000
- House, For sale
- ID: ME-11-136974
- Montenegro, Budva riviera, Rezevici
Villa with a pool in an elite suburb of Budva
Popular questions about buying property in Montenegro
-
In the capital of Montenegro, Podgorica, the average cost of housing is 1,683 euros per m² in new buildings and 1,150 euros per m² in the secondary market.
Real estate in coastal cities costs on average 1,445 euros per m². In popular resorts, real estate prices are higher:
in Budva - 1,838 € per m²;
in Tivat - 1,870 € per m²;
in Kotor - 2 025 € per m².
-
Yes, it is possible. There is no minimum housing cost. That is, you can buy real estate of any value and apply for a residence permit.
-
The Montenegrin citizenship program through real estate investment was closed on December 31, 2022. Now it is impossible to obtain Montenegrin citizenship through the purchase of real estate.
-
When purchasing housing on the secondary market, the buyer pays a tax on the transfer of ownership in the amount of 3%. When buying on the primary market, this tax is paid by the developer.
When buying an object in the primary market, VAT is paid in the amount of 21%, which is already included in the cost of the object.
The annual property ownership tax ranges from 0.25 to 1% of the cadastral value of the property (depending on the location of the property).
When renting out a property, the owner pays a capital gains tax of 9% on total income.
-
Compared to other European countries, the amount of utility bills in Montenegro is low. For example, utilities for an 85 m² apartment cost about 95 euros per month on average. Electricity is paid depending on the selected tariff. The cost at a fixed rate is 4.49 euro cents/kWh, at a differentiated rate - for the first 150 kWh - 4.84 euro cents/kWh, at night - 2.42 euro cents/kWh.
-
Montenegrin banks are very reluctant to issue mortgages and loans to foreigners. At the moment, only Erste Bank works with foreigners. In any case, to obtain a loan, you need to have a residence permit in the country.
-
Yes, it is possible, but only if you purchase real estate directly from the developer at the off-plan stage of the project. The payment plan is negotiated individually with the developer. For example, in Lustica Bay, the down payment is 15-20%, the rest is paid over 3 years.
-
Yes, they can. Any foreigner can buy a plot up to 5,000 m2 as an individual. For plots over 5,000 m2, it is necessary to open a company and make a purchase for it. For foreigners, the same procedure for buying a land plot as for locals. Read more about the terms of land acquisition and construction in Montenegro here.
