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

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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.

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Taxes and associated costs

A guide about investing in real estate was prepared by our expert