Everything you need to know before buying your first property in Montenegro. From legal requirements to hidden costs.
Buying property in Montenegro as a first-time buyer can feel overwhelming. This comprehensive guide covers everything you need to know to make a confident purchase.
Yes, absolutely. Montenegro has one of the most open property markets in Europe for foreign buyers. There are no restrictions on foreigners purchasing apartments, houses, or commercial property.
The only restriction is on agricultural land, which requires a local company structure to purchase.
Browse listings on DOMA or work with a local agent. Define your requirements: - Location preferences (coast vs interior) - Property type (apartment, house, villa) - Budget (including 5% purchase costs) - Purpose (residence, rental, holiday home)
Once you've found a property, make a written offer. In Montenegro, verbal agreements aren't binding. Your agent will present the offer to the seller.
Tip: Properties are often negotiable by 5-10%, especially for cash buyers.
When price is agreed, sign a preliminary contract (predugovor). This typically includes: - 10% deposit - Agreed purchase price - Completion timeline - Conditions (e.g., clean title)
Your lawyer should verify: - Title check - Property registered in seller's name - Encumbrances - No mortgages, liens, or claims - Planning - All building permits in order - Utilities - All bills paid, transfers arranged
Sign the main contract (ugovor o prodaji) at a notary public. Both parties must be present (or represented by power of attorney).
Your lawyer registers the property with the Real Estate Cadaster. This takes 1-4 weeks depending on location.
| Cost | Amount | When Paid |
|---|---|---|
| Property Transfer Tax | 3% of purchase price | At registration |
| Notary Fees | €50-200 | At signing |
| Legal Fees | 1-2% of price | On completion |
| Agent Commission | 3% (usually seller pays) | On completion |
| Registration Fee | €50-100 | On registration |
Total additional costs: approximately 5% of purchase price
As a foreign buyer, you'll need: - Valid passport (6 months validity) - Montenegrin tax number (PIB) - obtained at tax office - Proof of funds (bank statement) - Proof of address in home country
| Stage | Typical Duration |
|---|---|
| Property search | 1-4 weeks |
| Offer to preliminary | 1-2 weeks |
| Due diligence | 1-2 weeks |
| Final contract | 1 week |
| Registration | 1-4 weeks |
| Total | 6-12 weeks |
Once you own property in Montenegro:
While you can grant power of attorney for the final signing, we strongly recommend visiting to view properties and meet your lawyer.
Property ownership supports a temporary residence application, but doesn't guarantee approval. Additional requirements apply.
Your property can be inherited according to your home country's laws (with some exceptions). Consider making a will.
Montenegro has a modern legal system and property rights are well protected. Use a reputable lawyer and agent.
Ready to find your Montenegro property? Search verified listings on DOMA and discover properties that match your requirements.
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