Why choose real estate in Montenegro?

Usually this country is chosen by those who want to enjoy the mild climate throughout the year. Everyone can find great real estate options here - those who want to acquire a cozy place to spend their holidays, as well as those who want to leave for this country for permanent residence. Investors here will also be able to find suitable options for premises to develop their business and generate income. All of them are provided with favorable conditions and additional benefits.

Benefits of buying real estate in Montenegro

Choosing residential and commercial real estate abroad, many investors prefer Montenegro. There are quite a few advantage which advocate for that choice:

• prices per square meter of housing or commercial premises in this country are lower in comparison with other European countries;
• when buying objects in Montenegro worth more than 350 thousand euros, you can get a residence permit (since this country claims to join the EU until 2025, this condition opens up great prospects);
• the cost of living in this country is below the European average, so you don't have to spend large sums for utilities, food, travel, etc.

Do not forget that Montenegro has been developing rapidly in recent years. Having bought a house, an office, a shop or a restaurant in it now, after a while they can be sold at a much higher price.

In addition, here you can find commercial premises with a fairly high yield. These are hotels, restaurants and other facilities mainly on the coast. Today, they cost significantly lower than similar options in Spain or Italy. However, in the future, they can bring no less income than competitors in other countries.

Another important advantage for those who wish to purchase apartments or houses for temporary residence in Montenegro is the visa-free policies with a huge number of countries.

Current prices

Today, Montenegro offers various options for both residential and commercial real estate. Housing prices range from 60 thousand to 7.2 million euros. The most popular offers are in cities such as Budva, Kotor, Tivat, etc.

For example, in Budva apartments with an area of ​​71 m2 with a sea view can be purchased for 200 thousand euros. An apartment in the city center - for 80 thousand euros. A little further from the center - for 70 thousand euros. Same prices are observed in almost all cities. Usually, the final cost depends on the state of the structure, the availability of furniture in the premises, etc.

The cost of commercial objects starts from 135 thousand euros and reaches 17.8 million euros. Most popular are hotels, the average cost of which is 1-3 million euros. This price is significantly lower compared to prices in other European countries (for example, in Italy for similar properties you will have to pay up to 10 million euros or even more), which attracts foreign investors.