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.
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.
Malta11 properties
€300,000+
Permanent residency
6+ months
Show 11 properties
Grenada18 properties
$270,000+
Citizenship
8+ months
Show 18 properties
UAE103 properties
AED 750,000+
Residence permit
2+ months
Show 103 properties
Spain36 properties
€500,000+
Residence permit
5+ months
Show 36 properties
Portugal68 properties
Not limited
Residency after D Visas
6+ months
Show 68 properties
Show all countries40+ 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.
Material prepared by Igor Buglo, Head of the Maltese office, MBA