Real estate investment in Montenegro
Foreigners can buy and sell real estate or rent it out with few restrictions. Foreigners are prohibited from buying agricultural land and forests or owning cultural monuments and objects near the country’s borders.
The most expensive and sought-after real estate is in the resort areas of Budva, Herceg Novi, and Tivat.
€1,450
Average price per 1 m²
€450,000
Real estate investment for citizenship
3,02—19,02%
Associated costs, of the property value
How the residential property price index is growing in Montenegro
Cost of a 3-bedroom apartment in Montenegro
€4 million
Penthouse in Budva on the first coastline
€1.2 million
Apartment in Budva on the first coastline
€350,000
Apartment in Budva in a 10‑minute walk from the sea
Montenegro residence permit or citizenship by real estate investment
Owners of residential or commercial real estate can get residence permits. The value of the property does not matter. A residence permit is issued for a year with the possibility of extending an unlimited number of times while the property is owned.
Until the end of 2022, Montenegro has a citizenship by investment program. The investor buys a share of €250,000 in a commercial development project, a resort complex or a hotel and contributes €200,000 to a government fund.
Practical Guide
Discover real estate market trends in 41 European countries
Taxes and associated costs
Check if real estate in these countries suits your goals
The selections include only verified real estate projects from reliable developers. Purchasing these properties may bring you a residence permit or even citizenship.
Malta11 objects
€690,000+
Citizenship
1 or 3 years
Show 11 objects
Grenada20 objects
$150,000
Citizenship
6+ months
Show 20 objects
United Arab Emirates77 objects
AED 750,000+
Residence permit
2+ months
Show 77 objects
Spain47 objects
€500,000+
Residence permit
5+ months
Show 47 objects
Portugal82 objects
€820+
Residence permit
4+ months
Show 82 objects
Show all countries40+ guides on European countries
Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.
A guide about investing in real estate was prepared by our expert
Igor Buglo
Head of the Maltese office, MBA