Step-by-step process for foreign buyers to purchase property in Montenegro safely and legally.
Buying property in Montenegro as a foreigner is straightforward, with no restrictions on ownership. Here's your complete guide to the process.
Yes! Montenegro has no restrictions on foreign property ownership. Citizens of any country can buy:
This applies whether you're EU, UK, US, or any other nationality.
Your lawyer should verify: - Clear title (no encumbrances) - Valid building permits - No outstanding debts - Property boundaries - Utility connections
One-Time Costs:
| Cost | Amount |
|---|---|
| Property transfer tax | 3-6% (progressive) |
| Notary fees | 0.5-1% |
| Legal fees | 1-2% |
| Agent fees | 3% (often paid by seller) |
| Registration | €200-500 |
| Property Value | Tax Rate |
|---|---|
| Up to €150,000 | 3% |
| €150,000 - €500,000 | 5% |
| Above €500,000 | 6% |
Budget 5-8% on top of purchase price for total transaction costs.
| Stage | Duration |
|---|---|
| Property search | 1-4 weeks |
| Due diligence | 1-2 weeks |
| Pre-contract to completion | 30-60 days |
| Registration | 2-4 weeks |
Total: 2-4 months from starting search to keys in hand.
From You: - Valid passport - PIB (tax identification number) - Proof of funds - Power of attorney (if not present)
From Seller: - Title deed (list nepokretnosti) - Building permits - Utility bills (showing no debt) - Energy certificate
Required before purchase. Process:
Cash Purchase - Most common for foreigners - Simpler process - Stronger negotiating position
Montenegrin Mortgage - Available to non-residents - Typically 50-70% LTV - Interest rates 4-6% - Requires local income or substantial deposit
Home Country Financing - Remortgage existing property - Personal loan - Often more favourable rates
Immediate: - Transfer utilities to your name - Inform municipality (for property tax) - Set up property management if needed
Ongoing: - Annual property tax (0.1-1% of value) - Utility payments - Maintenance and insurance
Apartment (Stan) - Most common purchase - Part of building with shared areas - Monthly fees for building maintenance
House (Kuća) - Standalone property - Includes land - Full responsibility for maintenance
Villa - Larger detached property - Often with pool/garden - Usually in suburbs or coastal
Essential Team: - Licensed real estate agent - Independent lawyer - Notary (assigned) - Translator (if needed)
Montenegro makes property ownership accessible to foreigners - the process is clear, costs are reasonable, and professional support is readily available.
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