In this article, we’ll explore the benefits, popular locations, property types, and the buying process everything you need to know if you want to buy property in Montenegro.
Montenegro is one of Europe’s hidden gems. This small country sits on the Adriatic Sea and is known for its natural beauty, friendly people, and rich history. In the last few years, more and more people from around the world are choosing to buy property in Montenegro. Whether you're looking for a holiday home, a retirement spot, or an investment, Montenegro has something to offer.
In this article, we’ll explore the benefits, popular locations, property types, and the buying process everything you need to know if you want to buy property in Montenegro.
1. Why Buy Property in Montenegro?
There are many reasons why people are choosing to invest in property here:
Beautiful Landscape
Montenegro offers a mix of sea, mountains, lakes, and forests. From the beaches of Budva to the peaceful hills near Lake Skadar, there is something for everyone.
Affordable Prices
Compared to other European countries, property prices in Montenegro are still quite affordable. This makes it a great place to buy now before prices go up in the future.
Simple Rules for Foreigners
One of the biggest benefits is that foreigners can easily buy property in Montenegro. There are no special rules or restrictions, and the process is straightforward.
Safe and Peaceful
Montenegro is considered a safe country with low crime rates. It’s ideal for families, retirees, or anyone looking for a peaceful lifestyle.
Strong Tourism Growth
More tourists visit Montenegro every year. This means good opportunities for rental income if you plan to rent out your property.
2. Best Places to Buy Property in Montenegro
Montenegro may be small, but it offers a wide range of areas to choose from. Here are some of the top places to buy property in Montenegro:
Tivat (Porto Montenegro)
Tivat is home to the famous Porto Montenegro marina. It’s a modern and luxury area with restaurants, shops, and sea-view apartments. It’s popular with foreign buyers and investors.
Budva
Budva is a lively coastal city known for its beaches and nightlife. It’s great for people who want to live near the sea or rent out to tourists.
Kotor
Kotor is a beautiful, historic town located in a bay surrounded by mountains. It’s a UNESCO World Heritage site and very popular with buyers who love charm and history.
Herceg Novi
This peaceful coastal town is located near the Croatian border. It’s a good place for those looking for more privacy and lower prices.
Podgorica and Mountain Areas
If you prefer quiet countryside or mountain views, you can find affordable homes or land in areas outside the coast, like Podgorica or the northern part of the country.
3. Types of Properties You Can Buy
There are many different kinds of properties available depending on your needs and budget:
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Apartments: Great for city or coastal living
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Villas: Often found near the sea with gardens and pools
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Old stone houses: Popular in historic towns like Kotor
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Land: Ideal if you want to build your own home
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Luxury homes: Available in places like Porto Montenegro or Sveti Stefan
No matter what you are looking for, there’s a good chance you’ll find it if you plan to buy property in Montenegro.
4. How Much Does Property Cost?
Prices in Montenegro depend on the location and property type. Here’s a simple guide:
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Coastal apartments: €2,000–€5,000 per square meter
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Luxury villas: €500,000–€5 million
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Mountain or rural homes: €50,000–€200,000
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Land plots: €30–€300 per square meter, depending on location
While luxury properties can be expensive, many buyers are surprised at how affordable regular homes still are. This is one reason more people are deciding to buy property in Montenegro now.
5. How to Buy Property in Montenegro (Step-by-Step)
Here’s a simple step-by-step guide to help you understand the process:
Step 1: Find a Property
Work with a local real estate agent or search online. Make sure to choose a property that fits your budget and needs.
Step 2: Hire a Lawyer
It’s important to work with a lawyer who understands property laws in Montenegro. They will help you check all the legal documents and make sure the sale is safe.
Step 3: Sign a Sales Agreement
Once you agree on the price, you’ll sign a contract. A deposit (usually 10%) is paid at this stage.
Step 4: Register the Property
After paying the full amount, the lawyer will register the property under your name with the local land registry.
Step 5: Get the Keys
Once registration is complete, you are the official owner. Congratulations—you now own property in Montenegro!
6. Can I Live in Montenegro After Buying Property?
If you buy property in Montenegro, you can apply for temporary residency. Many foreign property owners do this to stay in the country longer than tourist visas allow. Montenegro is also planning to join the EU in the future, which could make living and investing here even more attractive.
7. Tips Before You Buy
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Always visit the property in person if possible
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Check that the property has no unpaid taxes or legal issues
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Use a qualified lawyer and real estate agent
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Understand the total costs, including legal fees, taxes, and notary costs
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If renting it out, learn about rental rules and licenses
Final Thoughts
Montenegro is quickly becoming one of Europe’s top places to buy property. It offers natural beauty, low prices, and a simple buying process. Whether you're looking for a quiet retirement, a summer vacation home, or a smart investment, now is a great time to buy property in Montenegro.
As more people discover this beautiful country, property values are likely to grow. Don’t wait too long—you might find your dream home here.
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