According to the Minister of Economic Development of Montenegro, Russians are the largest owners of real estate in the country, and in 2020 they began to buy even more housing in this country, despite the pandemic. $100 million - that is the amount of direct investments in housing and commercial facilities from Russian investors.
The main reasons for such popularity of real estate in Montenegro among Russian citizens are:
What are the prices for housing and commercial objects in Montenegro today?
Another factor that attracts foreign investors, including Russians, is the rather low prices for residential and commercial real estate. Today the rates are:
As for land plots, both small budget options at a price of 7 thousand euros and large land plots in popular regions are available, and for that some investors will have to pay up to 75 million euros.