House in Montenegro: the pitfalls of buying private property
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House in Montenegro: the pitfalls of buying private property
A house in Montenegro is quite a difficult decision for any Russian, especially if it concerns the purchase of real estate, rather than its lease. Firstly, a cheap house in Montenegro is a cliche, yet not entirely fair. In the end, real estate is inexpensive, in principle, it is rare, and in such a popular country it can seem cheap only in comparison with more pretentious countries.
As a rule, if you are offered a home in Montenegro for a pittance, look for a dirty trick. It may be problems with the registration of property as for real estate, and for a plot of land, an emergency or simply dilapidated state of the building itself, an uncomfortable location in terms of infrastructure or even natural conditions. The subsequent investments in such a profitable house in Montenegro are quite capable of bringing to despair any lucky possessor.
If you are offered a new home in Montenegro, with a high degree of certainty it can be said that your counterpart will be a foreign investor who builds up plots on his own projects. Especially it concerns houses for one family - Montenegrins are simply not built for themselves or for sale. As a rule, a national house in Montenegro is a building designed for cohabitation of several families and renting, and the business wing is built in isolation.
The love of Russians for Montenegrin real estate is also conditioned by the simplicity of the documentation design, which the Montenegrin administration looks through. However, do not forget that a house in Montenegro, designed in a few days, can be equipped, for example, with an unauthorized system of communications, which in the future will cause not only problems with public services, but also emergency situations. Plus, the layout also needs a thorough evaluation.
A house in Montenegro with problematic documentation is:
- unexpected interruptions in water supply and heating
- fines
- accidents due to natural phenomena (for example, there is in danger a house in Montenegro, built outside the permitted shoreline zone)
- risk of forced demolition at home
- transfer to your account of debts of the previous owner for utilities
If you are planning to buy a house in Montenegro, devote some time to his expert evaluation and understand not only with the permits, but also with the conformity of the finished building. In Montenegro, this is by no means the same thing. And do not be attracted by the speed, simplicity and cheapness of the registration of real estate in Montenegro - for all this in the future will have to overpay with interest.
This is an automatic translation.
Click here to read the publication in the original language.
