Real estate deals in Montenegro

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Real estate transactions in Montenegro are operations that local agents mostly have to spend with Russians and CIS citizens. It so happened that the houses and apartments in these parts are especially liked by our compatriots. And not only to your liking, but also to your pocket.

Actually, Montenegro does not restrict anyone by purchase, but on the contrary, actively promotes these processes, but Europe is less interested in local proposals. Foreign buyers, regardless of the scale of the operation, enjoy the full support of the authorities in this matter. In this case, real estate transactions in Montenegro not only allow you to place the property in full ownership (which you will not find in a number of European countries), but also to obtain a temporary residence permit in the country.

As for the purchase of the site, there are some differences, and the differences are not for the better. So, the right to residence permit does not give. First you need to buy it, then build a minimal object, in order to register it in the municipal cadastral register. Further all is made out as well as in a usual process of the transaction on the real estate in Montenegro.

Nuances of the contract:

- The contract for real estate in Montenegro is in six copies. The notary assures him in the presence of either the buyer or his official representative.

- When making a transaction, a fee is paid, the amount of which varies.

- Further all documentation is submitted to the real estate department for verification.

- The property tax is accrued once a year, the amounts, of course, are not fixed.


When concluding a property transaction in Montenegro, be sure to plan future tax payments, which depend on:

- coastline proximity

- age and operating conditions (primary, secondary market)
- class

- area

- Location



Preliminary signing of the contract implies the deposit of 10% of the value.

Immediately after payment you receive a certificate of the right of personal possession of housing.

In case of refusal of the transaction, the pledge remains with the seller, and the seller refunds a double in the event of a refusal.

In total, real estate transactions in Montenegro do not take more than 2 months, only the registration of residence permits under the new rules can take a little longer.

Buying a house, an apartment or an office in Montenegro is not a process burdened with bureaucratic formalities, so do not settle for a long walk on the agony. However, in order not to get into a mess, it's better to contact a specialized real estate agency.

This is an automatic translation.
Click here to read the publication in the original language.