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

€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

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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.

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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

Malta13 properties

€300,000+

Permanent residency

6+ months

Show 13 properties

€300,000+Permanent residency6+ months

Grenada20 properties

$270,000+

Citizenship

8+ months

Show 20 properties

$270,000+Citizenship8+ months

UAE114 properties

AED 750,000+

Residence permit

2+ months

Show 114 properties

AED 750,000+Residence permit2+ months

Spain36 properties

€500,000+

Residence permit

5+ months

Show 36 properties

€500,000+Residence permit5+ months

Portugal67 properties

Not limited

Residency after D Visas

6+ months

Show 67 properties

Not limitedResidency after D Visas6+ months

Show all countries

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 Slovakia

Foreigners can freely buy, lease, and sell real estate in Slovakia.

€3,800

Average price per 1 m²

Average price growth per quarter

Learn more

Real estate investment in Romania

The 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

Learn more

Real estate investment in Norway

Foreigners 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

Learn more

Real estate investment in Luxembourg

Foreigners 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

Learn more

Real estate investment in Latvia

Foreigners 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

Learn more

Real estate investment in Iceland

Foreigners 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

Learn more

Material prepared by Igor Buglo, Head of the Maltese office, MBA

Updated:

28 November, 2024

Frequently asked questions

What is the average cost of a house in Montenegro?
Average price per 1 m² of housing in Montenegro is €2,100.
Is property in Montenegro a good investment?
Investing in property in Montenegro can offer several potential benefits.
Montenegro’s tourism industry has been growing steadily in recent years, driven by its stunning natural landscapes, historic sites, and coastal attractions along the Adriatic Sea. Properties in popular tourist destinations such as Budva, Kotor, and Tivat may offer opportunities for rental income, especially during the peak tourist season.
Montenegro is a candidate country for European Union membership, which could potentially lead to economic benefits and increased investor confidence in the long term. EU accession could also attract more foreign investment and drive demand for properties in Montenegro.
Can foreigners buy real estate in Montenegro?
Yes, foreigners can buy real estate in Montenegro without restrictions, both residential and commercial properties.
Montenegro has a relatively liberal legal framework regarding property ownership by foreign nationals. The country encourages foreign investment in real estate as part of its economic development strategy, particularly in the tourism sector.
Where is the best place to invest in Montenegro?
Coastal areas such as Budva, Kotor, Tivat, and Herceg Novi are popular tourist destinations with scenic landscapes, historic sites, and vibrant cultural scenes. Investing in properties in these areas can offer opportunities for rental income from tourists, especially during the peak summer season.