Foreigners Buying Property in Montenegro 2025
Montenegro’s property market offers attractive opportunities for international investors, thanks to simplified ownership laws, affordable prices, and growing demand. If you’re a foreign buyer looking to invest in Montenegro in 2025, understanding the legal requirements is essential. This guide outlines the step-by-step process, costs, and tips for a successful property purchase in Montenegro.
1. Can Foreigners Buy Property in Montenegro?
Yes, Montenegro has an open real estate market, allowing foreigners to purchase properties with minimal restrictions. Foreign buyers can own apartments, houses, and commercial properties directly in their name.
Key Exception: Buying agricultural land may require establishing a Montenegrin company to complete the purchase.
2. Step-by-Step Process for Foreigners Buying Property in Montenegro
Step 1: Choose a Reliable Real Estate Agency
Partnering with experts like Boka Real Estate ensures access to verified listings, market insights, and professional guidance throughout the buying process. Visit bokarealestate.me or call +38266195383 for expert support.
Step 2: Conduct Legal Due Diligence
Hire a trusted lawyer to:
Verify property ownership status.
Confirm no outstanding debts or legal disputes.
Ensure valid building permits are in place.
Step 3: Sign a Preliminary Agreement
Once you’ve selected your property, sign a Preliminary Sales Agreement that outlines:
Purchase price and payment terms.
Deposit requirements (typically 10% – 30%).
Completion timelines and contract conditions.
Step 4: Final Sales Contract and Notarization
The final contract must be notarized for legal validity.
Upon signing, the buyer typically pays the remaining balance.
Step 5: Property Registration
Your lawyer will submit the finalized contract to the Cadastre (Property Registry Office) to transfer ownership rights officially.
3. Costs for Foreign Buyers in Montenegro
Purchase-Related Costs:
Property Tax: 3% of the property’s market value.
Notary Fees: Typically 0.01% – 0.05% of the property value.
Legal Fees: Approximately 1% – 2% of the purchase price.
Registration Fees: Minimal costs for official ownership transfer.
Ongoing Expenses:
Annual Property Tax: Ranges between 0.1% – 1% depending on location and property type.
Rental Income Tax: Flat 9% rate on net income.
4. Key Legal Considerations for Foreign Buyers
All property transactions must be conducted in Euros (€).
Real estate agents must be licensed, so ensure you work with reputable agencies like Boka Real Estate.
The buyer is responsible for confirming property ownership and verifying all legal documents before purchase.
5. Residency Opportunities for Property Owners
Foreign investors who purchase property in Montenegro may qualify for a Temporary Residence Permit. This allows extended stays and easier travel within the region.
Key Requirement: Proof of property ownership and sufficient financial means to support your stay.
Why Choose Boka Real Estate for Your Investment in Montenegro?
Boka Real Estate specializes in helping foreign investors secure profitable property deals in Montenegro’s prime locations. Our team offers tailored advice, legal support, and access to exclusive property listings.
Contact Boka Real Estate Today
For expert guidance on buying property in Montenegro as a foreign investor, contact Boka Real Estate at +38266195383 or visit bokarealestate.me.
Discover Montenegro’s investment potential with Boka Real Estate — your trusted partner for secure property purchases in 2025.
