Apartments in Montenegro

Frequently asked questions

• What does buying an apartment in Montenegro give you?

  Owners of residential or commercial real estate in Montenegro can get a residence permit in the country, while the cost of real estate does not matter. The residence permit card is issued for a year, and you can renew it an unlimited number of times while the property is owned. 

  Until 2023, Montenegro had a citizenship program for investments starting from €250,000 in a share of a commercial development project: a resort complex or hotel. The program was discontinued indefinitely.

• Can I get Montenegrin citizenship for buying real estate?

  Until 2023, it was possible to obtain Montenegro citizenship for the purchase of a share in real estate in the amount of €250,000 or more. Now the program is been closed for an indefinite period. Today, for the purchase of a real estate property in Montenegro, you can get a residence permit in the country. You can renew the status an unlimited number of times as long as you are holding the property.

• Can a foreigner buy a house in Montenegro?

  Yes, foreigners can buy residential or commercial real estate in Montenegro, sell it or rent it out. However, there are some restrictions: foreigners cannot acquire agricultural or forest land, cultural properties, and properties at the country’s borders.

• How much does an apartment cost in Montenegro?

  The price of an apartment in Montenegro depends on the area. The most expensive and sought-after properties are sold in the resort areas of Budva, Herceg Novi, and Tivat. There, the average cost of an apartment is €250,000. The average apartment price in the country is €150,000.

• Where in Montenegro can I buy an affordable apartment?

  You can buy an apartment in Montenegro for up to €70,000 in cities that are far from popular resorts, such as Sutomore, Shushan, Ulcinj, Bar, or Petrovac. For example, in Bar, you can buy a studio with a furnished kitchen and bathroom for €35,000.