3 best real estate projects for Montenegrin citizenship
More than 200,000 people annually choose Montenegro for their vacations: the country is considered one of the most popular tourist destinations in Europe.
If an investor buys tourist real estate in Montenegro, he will be able to receive income from renting the object: the rental yield in the country is from 4 to 8% per annum. Buying real estate can also lead to citizenship of the country.
Investment programs expert
Montenegro launched a citizenship program for investors in July 2018. Initially, it was designed for three years until the end of 2021. But the government decided to extend the program for another year: investors’ applications are accepted until December 31st, 2022.
Investment in real estate is a prerequisite for obtaining a Montenegrin passport. It is allowed to buy only shares and apartments in projects approved by the government. The list includes resort complexes in the most popular tourist places in Montenegro.
In 2022, the government of Montenegro will not consider new real estate projects for the citizenship program. One can only invest in the already approved projects. But investors should hurry: about 70-75% of the shares and apartments in the approved properties have already been sold by January 2022.
By 70% of apartments
Are sold out in the approved projects by January 2022
Real estate experts of Immigrant Invest evaluated the existing real estate projects in Montenegro and selected the top three investment properties for 2022.
Residential complex on the first coastline in Budva
The project is a seven-story complex with an outdoor swimming pool on the roof
Purchasing price — €450,000+
Rental yield — up to 6% per annum
Commissioning time — Q1 of 2023
The complex is located in the city of Budva, which is considered the tourist capital of Montenegro. Every year Budva receives about 50,000 tourists. They are attracted by the clean beaches of the Adriatic Sea, the old town with winding streets and a fortress, the opportunity to dine with fresh seafood and ride a yacht from local marinas.
Investors can purchase studios and apartments with one or two bedrooms in the complex. When the construction is completed, the owners of the apartments will receive rental yield from 5 to 6% per annum. If desired, the investor can live in the purchased apartments without additional payments and time limits.
Project features
Five-star Breza hotel in the suburbs of Kolasin
The project is located in the northern suburb of Kolasin, popular with skiers
Purchasing price — €250,000+
Rental yield — up to 8% per annum
Commissioning time — Fall of 2022
The hotel is designed for lovers of holidays in the mountains: the complex is being built near the town of Kolasin which is the main ski resort in Montenegro.
Kolasin is located at an altitude of 954 m above sea level. The city has 16 ski slopes with a total length of 30 km: from low slopes for beginners to freestyle slopes for experienced athletes.
The Breza hotel is located close to the ski slopes, on the banks of the Tara River. You can get to the hotel by car or public transport from the international airports of Podgorica or Tivat.
The hotel apartments are available for purchase. The design of the apartments differs depending on the room type. For example, rooms of the Mode ype are presented in the Alpine style. The apartments offer views of the river or Mount Belasitsa.
The hotel’s spa includes a relaxation area, a pool overlooking the river, a hot tub, a bar and a gym. The hotel will also have a specialty restaurant and ski equipment rental.
Project features
Four-star Bjelasica hotel in Kolasin
The hotel is located between the slopes of the mountains, close to the ski slopes
Purchasing price — €250,000+
Rental yield — up to 8% per annum
Commissioning time — May of 2022
The hotel is located on a territory of 3 acres, surrounded by mountains and Alpine forests. Ski slopes and snowboarding trails are near the hotel.
168 apartments are located on four floors of the hotel complex. 27 apartments have a separate bedroom, living room and terrace. The 121 apartments are studios with a private bathroom.
Restaurants, a bar, a beauty salon, a spa complex and a pharmacy will operate on site. Vacationers will be able to swim in two pools: one is indoors for swimming in winter, the second is an outdoor summer pool. For skiers and snowboarders there are rooms for storing equipment.
Project features
How much to invest to get a Montenegrin passport
Participants of the Montenegrin citizenship program fulfill two conditions: they invest in real estate and make a non-refundable contribution to the state fund.
The amount of investment in real estate depends on the location of the object:
€250,000+ if the property is located in the northern or central part of Montenegro, except for the capital Podgorica;
€450,000+ if the property is located in Podgorica or the coastal regions of Montenegro.
The conditions of the citizenship program do not set a minimum tenure for real estate. But such a period can be set by the developer. As a rule, apartments can be sold and the money invested can be returned after five years.
Since January 2022, the amount of non-refundable contribution to the state fund of Montenegro is €200,000. The citizenship applicant also pays administrative and Due Diligence fees.
Individual cost calculation of the Montenegrin citizenship
Montenegro is a candidate for EU membership in 2025. But the Montenegrin passport already opens visa-free entry to 123 countries, including the Schengen zone.
Citizens of Montenegro are eligible to obtain an E‑2 business visa in the United States. With a passport, you can also come to Montenegro at any time, live, work and study in the country without restrictions.
Immigrant Invest is the official representative of the Montenegrin citizenship by investment program. If you want to buy real estate in the country and get a second passport, seek advice from investment program experts.
