Real estate in Montenegro

Montenegro is one of the most popular countries among foreign investors. There are a number of reasons for this. The first is reasonable prices for housing and commercial properties even in popular regions like the coastal zone. The country has a pleasant, mild climate, and sunny days almost all year round, thus making it an easy choice for both newcomers and seasonal investors to adapt.

Some of the most popular regions in Montenegro

Some of the most popular areas and cities of Montenegro among overseas investors include:

• Budva. It is a coastal region with excellent ecological conditions. Residential properties, as well as commercial real estate are most often purchased here.
• Tivat. The city is located on the shore of the Bay of Kotor. It attracts buyers with its low prices. Buyers often move here for permanent residence.
• Bar and its suburbs. Here investors may also find fairly reasonable prices.

It is also worth noting that when buying expensive real estate in Montenegro investors can get a residence permit. However, it is important to consider several conditions. This offer does not apply to undeveloped land plots. In addition, the purchased property must not have any encumbrances - such as mortgages or lack of a building permit. In all other cases, you can apply for a residence permit which will later help you acquire an official passport of a citizen of Montenegro.

Average cost of housing

The cost of real estate in Montenegro directly depends on which region the investor chooses. In popular Budva, an average apartment of about 65 sq. m can be purchased for 160-170 thousand euros. In Tivat, for the same price, you can buy a house from 100 sq. m. Speaking about elite real estate such as apartments and villas, we can name the following prices:

• from 400 thousand euros - in not so popular areas;
• from 1 million euros - in highly popular cities.

In Montenegro one can buy full-fledged residential complexe with an area of ​​up to 10 thousand square meters for about 40 million euros. Investors can familiarize themselves with the available offers and descriptions of objects on our website, and contact our representatives for additional questions about real estate in Montenegro.