Buying property in Montenegro: costs, calculations, taxes
This is an automatic translation.
Click here to read the publication in the original language.
Buying a property in Montenegro:
expenses, calculations, taxes
It is generally believed that buying a property in Montenegro is very simple: there are many advantages (especially in connection with the latest changes in legislation giving foreigners the right to a year of temporary residence in the country), there are few problems. Is it really? As in any other European country, buying a property in Montenegro will entail a number of difficulties that you would not encounter in your native penates. Therefore, experts advise working through a realtor and buying housing on the recommendation.
Advantageous purchase of real estate in Montenegro is the operation of actual information and strict control over an agent acting in your interests.
Features of housing in Montenegro:
- All the calculations you need to conduct through the bank, while for the transfer of funds it does not matter whether he is Russian or Montenegrin.
- It is better to open the Montenegrin account - it's easy, and the documents require only a passport.
- The commission for transfer from Russia can not be more than 200 euros, you can transfer the entire amount directly to the seller's account.
- A preliminary contract is required, containing the details, the main details of the transaction and the description of the object. Such a contract involves the deposit of collateral (about 10% of the value). If the purchase of real estate in Montenegro for some reason you breaks down after paying a fee, it remains with the owner of the house, but the seller, refusing to sell, will return you a double sum.
- Basic documents - this is your passport and a certificate of ownership of housing from the seller.
- The signing of the final agreement on the transfer of ownership of real estate in Montenegro takes place on the territory of the country, and both parties or their representatives should participate.
- After calculating the price, pay a turnover tax (3% for today when buying a secondary real estate, this tax does not apply to new buildings). Remember that from the receipt of the receipt to the time of payment, it should not take more than 2 weeks - further penalties are calculated.
- When money for an apartment or a house in Montenegro is transferred, taxes are paid, it is possible to file information with the cadastral register in order to enter another name of the owner into the register. Once the documentation for the house is registered, everyone moves to a new owner (this will take about a month).
- Expenses that also accompany the purchase of real estate in Montenegro: the registration fee, which is half the percentage of the cost of housing, 3-5% you will pay the realtor and up to 500 euros to the lawyer, if required.
- The real estate tax in Montenegro is 0.25% per year.
This is an automatic translation.
Click here to read the publication in the original language.
