Moving to Montenegro: Buying a house in Montenegro

By Fatima Turla July 13th, 2021 Posted in Europe Travel Blog, Montenegro, Travel Blog No comments

Thinking of moving to Montenegro? This article consists of the information you might need if you plan on buying a house in Montenegro!

Moving to Montenegro Buying a house in Montenegro
Photo by lasserbua CC BY 2.0

Moving to a new place is never easy. Starting a new life means the beginning of a new journey. It takes time, yes, but it will probably be worth it once you see the fruit of what you worked hard for. One of the factors people consider when moving abroad is buying a new house, or maybe renting one. In this short guide, we will try to answer some of the most common questions people ask when they want to move to Montenegro and are considering buying a house here.

The Process of Buying a House or Apartment in Montenegro

Moving to Montenegro Buying a house in Montenegro
Photo by Marco Verch Professional Photographer CC BY 2.0

In order to acquire a right of ownership to a real estate in Montenegro, you must fulfill these 3 conditions:

  • A contract
  • A valid consent of the previous owner
  • Registration in the real estate cadastre

A tourist in Montenegro can stay up to 90 days in the country, but if you own a house or an apartment here, then you can get a residence permit for up to 12 months. The Ministry of the Interior will issue you a temporary residency permit based on the application you submitted, personal documents, and documentation proving that you are the real estate owner (List Nepokretnosti issued by the Cadastre). Real estate tax ranges from 0.25% to 1%

Location

Just like in any other place, prices differ depending on the location. For example, if you’re considering buying an apartment that costs around 50,000 EUR, you can already buy a 1 bedroom apartment up to 40 m2 in Podgorica for that amount. In Zabljak, real estate has become more noticeable since it’s a popular destination during the summer and winter seasons. However, the prices are still lower than in the southern part of the country. On the other hand, Budva is still the favorite place of people planning to move to Montenegro. The prices of apartments here cost around a hundred of thousands of euros. 

Two Monkeys Tours

Renovating

If you don’t want to buy a brand new house, then why not buy an old one and just renovate it? An old house or ruins costs cheaper. Just decorate and reconstruct them then you’ll have a brand new home. However, there are few things to keep in mind. First, you have to respect the rules of spatial planning of Montenegro. You have to consider the law regarding the reconstruction of the old building. This is the reason to hire an architect to help you with the planning and someone who’s familiar with this regulation. 

Professional Help

When it comes to buying a property in a foreign country, it is best to get professional help. This s to avoid problems and issues while doing the process. Please pay attention to the information entered in the List Nepokretnosti and, if necessary, seek the help of an expert to translate and interpret this document for you. You will find important information about the owner, the size of the property, and possible encumbrances in this document. If you are not negotiating with the owner, make sure the person you are talking to has permission from the owner to represent him.

Please note that there are many illegally constructed buildings in Montenegro and that some of them cannot enter the legalization process. 

If the process is too complicated for you, then you might need help from a competent and qualified agency. Our agency offers you the service of organizing the consultations about arrival, stay, transfer in Montenegro, etc. When you finally decide to buy the perfect property, our agency can provide you with the service of collecting and translating the necessary documentation and assistance in signing the contract.

Immigrate to Montenegro

Line seperator

About the Writer

Fatima Turla2Hi there! I’m Fatima. My first major travel was in 2016 in the beautiful city of Cebu. After that, I got interested in traveling. Now I enjoy learning languages and other country’s cultures. My goal is to visit at least one country each year and to share my experiences with other people through writing or blogging. Witness my journey by following me on Instagram.​​​​​​​

Line seperator

Are you on Pinterest? Pin these!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

COPYRIGHT DISCLAIMER:Many of the articles on Two Monkeys Travel Group are guest posts by a number of Approved Contributors and are hosted by Two Monkeys Travel Group. Approved Contributors control their own work and post freely to our site. This includes all text and images that they use within their own work. All contributors are instructed to follow internationally recognised copyright and intellectual property guidelines. Two Monkeys Travel Group takes its own responsibilities very seriously, so if you feel that any part of this work is abusive in any way, please send us an email so that we can investigate - [email protected]


DISCLOSURE: Please note that some of the links above are affiliate links. So when you make a purchase we sometimes make a small commission, at no extra cost to you. The cost to you remains the same, sometimes even cheaper if we have negotiated a special deal for our readers.We use all of the companies we have listed here and that’s why they are in this list, but of course we need to keep Two Monkeys Travel Group running as well as it can, which is exactly what you’re helping with if you do decide to buy or book something through an affiliate link! If you have any more questions about the companies we use or any other companies you’re looking at, just email us and we’ll be happy to help.Please see our full disclaimer page for more information.

Written by Fatima Turla

Fatima is a full-time writer of Two Monkeys Travel. Her first major trip was in 2016 and got really interested in traveling. She also enjoys learning languages and other country’s cultures. She has a goal to visit at least one country each year and share her experiences with other people through writing or blogging. Witness her journey by following her on Instagram.

Send this to a friend