Buy an apartment in Montenegro for a salary: is it possible?
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Hardly ever. However, in this issue Montenegro, unfortunately, is not alone. Agency Monstat, which recently published the results of research on this topic, said that the cost per square meter of housing in Montenegro is approximately 2.5 to 4 average salaries throughout the country. Of course, housing prices in Montenegro vary depending on the region, but, unfortunately, only in the direction of increase.
The explanation is quite simple: the price tags are focused on the opportunities of foreign investors, who buy an apartment in Montenegro is not so difficult as the local residents. The conditions in the real estate market of Montenegro dictate the tourist business, as in other areas, that's why Montenegrins themselves rent mainly housing. Rental housing in Montenegro is relevant not only for local residents, but also for tourists who rent private property as willingly as they use the services of hotels and hotels.
Foreigners with Montenegrin laws are practically unlimited, get a residence permit in Montenegro, and in the future, citizenship is not at all difficult. Plus, the authorities of the country are very positive about moving companies to Montenegro and registering branches and representative offices of foreign companies here.
Loan rates for the local population to purchase real estate do not fall below 8 percent, and housing loans account for only a quarter of the total percentage approved.
According to statistics and the conclusions of economic experts, housing property in Montenegro is extremely unevenly distributed, and every tenth resident of the country enjoys rent.
In other words, very few people can buy an apartment in Montenegro, but those who are able to do it are more likely to own more than one apartment, which allows analysts to draw conclusions about the close relationship of the real estate market to the shadow economy.
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