€4 million
Penthouse in Budva on the first coastline
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 properties near the country’s borders.
The most expensive and sought-after real estate is in the resort areas of Budva, Herceg Novi, and Tivat.
€2,100
Average price per 1 m²
24%
Inflation-adjusted price growth in 2024, year-on-year
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
€1.2 million
Apartment in Budva on the first coastline
€350,000
Apartment in Budva in a 10‑minute walk from the sea
Investment real estate in Montenegro
Montenegro, Budva
53 m²
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Montenegro residency 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 had a citizenship by investment program. The investor bought a share of €250,000 in a commercial development project, a resort complex or a hotel and contributed €200,000 to a government fund.
Nowadays, there is no direct path to citizenship by investment. Investors are granted citizenship by naturalisation after 10 years of continuous residence in the country with a residency permit.
Practical Guide
Discover real estate market trends in 41 European countries
- Master the residency process
- Get expert tips and documents
- Estimate costs accurately
Taxes and associated costs
Countries to buy a property and get residency or citizenship
We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.
Country
Property investments
Status
Obtaining time
€300,000+
Permanent residency
6+ months
Show 12 properties
€300,000+Permanent residency6+ months
AED 750,000+
Residence permit
2+ months
Show 114 properties
AED 750,000+Residence permit2+ months
€500,000+
Residence permit
5+ months
Show 36 properties
€500,000+Residence permit5+ months
Not limited
Residency after D Visas
6+ months
Show 67 properties
Not limitedResidency after D Visas6+ months
40+ guides with European countries
Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.
Real estate investment in SlovakiaForeigners can freely buy, lease, and sell real estate in Slovakia.
€3,800
Average price per 1 m²
2%
Average price growth per quarter
Real estate investment in RomaniaThe sale of apartments to foreigners in Romania isn’t limited: they can freely purchase, rent out, and sell properties.
€1,528
Average price per 1 m²
1,3%
Average price growth per quarter
Real estate investment in NorwayForeigners can freely buy, lease and sell housing and commercial real estate in Norway.
€5,266
Average price per 1 m²
1,2%
Average price growth per quarter
Real estate investment in LuxembourgForeigners can freely buy, sell and rent out real estate in Luxembourg.
€10,500
Average price per 1 m²
2.6%
Average price growth per quarter
Real estate investment in LatviaForeigners can freely buy, sell and rent out real estate in Latvia. The sale of land to foreigners is limited: to buy a plot with a...
€2,500
Average price per 1 m²
250 000 €
Real estate investment for residency
Real estate investment in IcelandForeigners can buy, lease and sell properties without restrictions in Iceland. The sale of land to foreigners is prohibited. The land on...
€4,405
Average price per 1 m²
2,5%
Average price growth per quarter
Material prepared by Igor Buglo, Head of the Maltese office, MBA
Updated: