Global Mobility Capital

Real Estate Investment in

Montenegro

Investing in real estate in Montenegro provides stability, strong potential for property value appreciation, and attractive economic returns. With a clear legal framework, favorable financing options, and high rental demand in areas like Podgorica, Kotor, and the Adriatic coast, Montenegro offers great opportunities for investors. The country’s strategic location between Europe and the Mediterranean, coupled with its mild climate and diverse property options, ensures long-term growth and profitability. Foreign buyers can choose from coastal villas, city apartments, or mountain retreats. Additionally, Montenegro’s Citizenship by Investment program enhances its appeal, offering residency through property investments, making it an ideal destination for international investors seeking financial and lifestyle advantages.

Real Estate Investment & Costs

Investment

+$250.000

Property Transfer Tax

3%

Registration Fees

€750

Legal Fees & Notary Fees

  • Legal Fees: 1%-1,5%
  • Notary Fees: 1%

Property Survey Costs

€1.000

Orhun Doğanay

International Property Investment Expert

House Price Index in Montenegro

Montenegro

Orhun Doğanay

Orhun Doğanay

International Property Investment Expert

Speak to an RCBI Expert.

The GMC team has global experts in over 20 countries. We can advise in 14 languages.

Let us help you find the perfect investment migration solution.

Reach out Right Now

Plan your second citizenship with GMC

Our team of experts will reach out to you shortly after send your inquiry.






    Frequently Asked Questions

    Can foreigners buy property in Montenegro?

    Yes, foreigners can freely buy property in Montenegro. The only restriction is that foreign individuals cannot purchase agricultural land or land that is classified as a natural resource, but they can buy apartments, houses, and land zoned for construction.

    What taxes do I need to pay when buying property in Montenegro?

    The primary tax when purchasing a property is the 3% property transfer tax, which is based on the market value of the property for resale homes. New properties bought directly from a developer may be subject to VAT (21%) instead of the transfer tax.

    Do I need a lawyer to buy property in Montenegro?

    While it is not legally required, it is highly recommended to hire a lawyer to ensure all legal aspects of the property purchase are handled correctly, including title checks and contract reviews. Legal fees generally range from 1% to 1.5% of the property price.

    Can I get a mortgage in Montenegro as a foreigner?

    Yes, foreigners can obtain mortgages in Montenegro, but local banks may require a higher deposit, usually around 30% to 50% of the property’s value. Mortgage approval will depend on your financial situation and local bank policies.

    What are the ongoing costs after purchasing property in Montenegro?

    After purchasing, property owners must pay annual property tax, typically ranging from 0.1% to 1% of the property’s market value. Other costs may include maintenance fees for apartment buildings or gated communities, utility bills, and insurance.

    How long does the property buying process take in Montenegro?

    The entire process usually takes 4 to 8 weeks. This includes securing a notary, legal checks, payment, and property registration with the land registry.

    What is the Citizenship by Investment program, and how does it relate to buying property in Montenegro?

    Montenegro’s Citizenship by Investment (CBI) program allows foreign investors to gain citizenship by investing a minimum of €250,000 in real estate in approved areas, plus a €100,000 government donation. This program is ideal for investors seeking Montenegrin citizenship along with property ownership.

    What is a notary’s role in property transactions in Montenegro?

    A notary in Montenegro is crucial to the property-buying process. They authenticate the sales contract and ensure all legal requirements are met, preventing fraud. Notary fees range from 0.5% to 1% of the property price.

    Can I rent out my property in Montenegro?

    Yes, Montenegro is a popular tourist destination, and renting out your property, especially in coastal areas like Kotor and Budva, can provide attractive rental income. Short-term rentals are popular during the summer months, generating good returns for investors.

    What is the typical deposit required when buying property in Montenegro?

    A 10% deposit is typically required when signing a pre-contract to secure the property. This amount is held in escrow until the final payment and transfer of ownership are completed.