Frequently Asked Questions
Find answers to common questions about real estate in Montenegro
How do I buy real estate in Montenegro?
To buy real estate in Montenegro, you need to: 1) Choose a property, 2) Sign a preliminary contract, 3) Conduct due diligence, 4) Sign the final contract at a notary, 5) Register the property. We provide full support throughout the process.
What documents do I need to buy property?
You need: valid passport, proof of funds, tax identification number (if applicable), and power of attorney if buying through a representative. We help you prepare all necessary documents.
Can foreigners buy property in Montenegro?
Yes, foreigners can buy property in Montenegro. There are no restrictions for EU citizens. Non-EU citizens need to establish a company or have reciprocity agreements. We assist with all legal requirements.
What are the taxes when buying property?
Property transfer tax is 3% of the purchase price. There is also a notary fee (around 1%) and registration fees. Annual property tax is minimal. We provide detailed tax calculations for each property.
How long does the purchase process take?
Typically 4-8 weeks from signing the preliminary contract to final registration. This includes due diligence, contract preparation, notary procedures, and property registration. We expedite the process where possible.
Do you help with obtaining residency?
Yes, purchasing property in Montenegro can help you obtain temporary or permanent residency. We provide guidance on residency requirements and assist with the application process.
What payment methods do you accept?
We accept bank transfers, cash (for smaller amounts), and can arrange financing options. Payment is typically structured: deposit (10%), balance at notary signing. We work with trusted banks and financial institutions.
Do you provide property management services?
Yes, we offer comprehensive property management services including maintenance, rental management, utility payments, and regular property inspections. We ensure your property is well-maintained year-round.
Still have questions?
Contact us and we'll be happy to help you with any questions about real estate in Montenegro.
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