Apartments in Montenegro
Property types in Montenegro
Frequently Asked Questions
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.
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.
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.
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.
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.
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