How to buy real estate in Montenegro
ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ Dreams of buying property in Montenegro and moving to the peaceful haven of Europe can be shattered by legal, tax, immigration and other bureaucratic aspects. Our step-by-step instructions will help make the buying process less stressful and risky.
Dreams of buying property in Montenegro and moving to the peaceful haven of Europe can be shattered by legal, tax, immigration and other bureaucratic aspects. Our step-by-step instructions will help make the buying process less stressful and risky.
Step-by-step instructions
step 1
real estate market research
Before starting the buying process, it is important to research the Montenegro real estate market as a whole. Today it is interesting to investors by the ideal combination: affordable price now and the potential for growth in the future. However, prices vary depending on the region and type of property — these issues should be analyzed in advance. In addition, it is necessary to familiarize yourself with the legal aspects and requirements for foreign investors.
property selection
step 2
A house with a plot in Bar or a stylish apartment in the capital? Or maybe you decide to invest in Porto Montenegro, where one square meter costs € 7000? Take into account your needs and budget. If you want to buy in Montenegro not just a house for vacation, and earn on the purchase of real estate, it is important to consider and the potential for growth in the price of the object.
finding a reliable real estate agent
step 3
To save time, nerves and money, as well as to avoid possible problems when buying real estate, it is necessary to find a reliable agent. It is important to choose an agent who has a good reputation. This will help you get not only one-time professional advice, but also support at all stages of the purchase
step 4
property inspection
Before you buy a house or apartment, you should inspect the property in person. This will help you to be sure of the quality of the property, its conformity with the description and photos, as well as to get acquainted with the neighborhood and infrastructure. If you are unable to inspect the property yourself, a real estate agent can be of great help.
contract drafting
step 5
The contract must be signed between the buyer and seller and contain all the terms and conditions of the purchase, including price, terms, payment terms, etc. The contract should be written in the local language.
contract signing and payment
step 6
Buyers usually pay a deposit of 10% of the property value at the time of signing the contract. The balance of the payment is due upon transfer of the property to the buyer.
step 7
real estate registration
After the contract is signed and payment is made, the property must be registered in the state register. This will confirm your ownership and protect you from possible disputes.
obtaining tax numbers and opening a bank account
step 8
After registering the property, it is necessary to obtain tax numbers and open a bank account in Montenegro. Tax numbers will allow you to fulfill all tax obligations related to the purchase of real estate, and a bank account will allow you to manage your finances and make payments for taxes and bills for electricity, water, etc.
enjoy your new property
step 9
Enjoy your purchase, but don’t forget about property support and maintenance. How to pay bills, where to go in case of breakdowns, what taxes to pay, where to order cleaning — if you do not plan to live in Montenegro permanently, these issues are better left to specialized companies.
ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤBuying real estate in Montenegro is a big step, but if you stick to a clear plan and enlist the services of professionals, you can take on the challenge with confidence.
Buying real estate in Montenegro is a big step, but if you stick to a clear plan and enlist the services of professionals, you can take on the challenge with confidence.

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