Sale of real estate in Montenegro. Advantageous offers for investment in 2024

In a study by Tranio (an international real estate broker), Montenegro is among the top 10 attractive countries for investing in real estate. The purpose of the purchase is resale, making a profit from rental, as well as obtaining a residence permit in Montenegro and family holidays in the summer season. Here you will find unique nature, a favorable temperate climate, and its coastal location on the Adriatic Sea, in the western Balkan Peninsula, makes it attractive to tourists and residents. The population of this country is very small - 622 thousand people. For residents of many countries, there is visa-free entry here, so you can visit this country without extra costs and routine to consider it for living here, there is also a simplified and fast system of legalization and obtaining a residence permit.

Almost every investor who invests in real estate dreams of buying real estate in Budva, because this city is a tourist center and has the most tourists in the summer. Tourists arrive not only by cars, airlines, but also on huge cruise ships that call at Kotor. The number of foreign tourists in 2023 increased to 241,000 people, before which the maximum number was recorded two years ago 221,000 people, and rental properties now provide the highest returns for investors from 5% to 10% per annum.

In this article we will look at how to profitably buy real estate in Montenegro, the advantages and prospects of investment, ways to generate income from real estate, as well as what you need to pay attention to when buying a home.

Advantages of purchasing real estate commercial or residential property in this country

The state is a country with a developed tourism infrastructure, while according to statistics, tourists visit the country all year round, including spring and autumn, and in the summer there is a peak of tourists, from June to August. This makes the country attractive to investors. One of the main advantages of buying real estate in Montenegro is its geographical location - the country is located on the Adriatic Sea, some beaches here have the Blue Flag, which means that the sea here is very clean. Not only beautiful beaches stretch along the coast, but also olive groves, coniferous forests, there is a lot of unique flora and fauna, as well as historical architecture, which makes the country attractive for living and relaxing.

Why is it profitable to invest, investment prospects

1. Demand for rentals all year round. Long-term for those who live and work in Montenegro and short-term rental for tourists.
2. Ecology and climate.
3. Active development of infrastructure and services, this attracts more and more tourists, which in turn increases the demand for real estate.
4. Montenegro is a country with low taxes, which makes it attractive for business.
5. Most local residents on the coast speak not only the local language, but also English; you will not have a language barrier and you will quickly be able to socialize in the country if you speak English. Also, the Montenegrin language is very easy and you can learn it quickly.

How can you earn income from investments?

There are several ways to generate income from purchased property in Montenegro. One of the most popular is rental housing. As a property owner, you can rent it out to tourists and receive a stable passive income. At the same time, you don’t even have to be in the country, our company will take the object into trust management and you will only receive income, while searching for clients, concluding contracts, our specialists will do all this for you. Additionally, you can sell the property for a higher price than you paid for it.

Renting out housing such as villas, apartments and apartments is a profitable option for investors. The rental price depends on the location of the property, its condition and level of comfort. During the season, which lasts from June to September, rental prices are significantly higher than during the rest of the year.

For example, the cost of renting a two-room apartment in Budva can range from 50 to 150 euros per day. Villas with a pool and sea views can be rented for 300-500 euros per day. Apartments in new complexes, equipped with modern appliances and furniture, can be rented for 100-200 euros per day.

If we talk about making money on commercial real estate, then everything depends on the type of property and its location. For example, renting an office in the city center can bring in up to 500 euros per month. Renting retail space in shopping centers can bring in up to 1,000 euros per month. Rent of premises for a beauty salon from 500 and above per month, restaurant from 900 euros. Also, now more and more small industries are opening and production facilities are also relevant.

In general, investing in real estate in Montenegro can bring good income. However, before investing, it is necessary to carefully study the real estate market and select the most promising objects for investment. View our commercial property offerings here https://gomonte.me/en/commercial/ 

What to look for when purchasing

When purchasing a home in Montenegro, we recommend that you first check the technical condition of the building and the surrounding infrastructure. In addition, you must make sure that the property belongs to the owner. Our specialists will help you check the purity of the transaction.

Real estate prices in Montenegro

The average cost of housing on the coast depends on location, condition and other factors. For example, the cost of an apartment in Budva can vary from 50 thousand to 500 thousand euros. On the coast of Montenegro, especially in the cities of Budva, Becici and Petrovac, real estate prices are higher than in other regions of the country. Villas with a pool and sea views can cost from 300,000 euros. Apartments in new complexes, equipped with modern appliances and furniture, can cost from 120,000 euros. At the same time, inexpensive real estate in Montenegro at the construction stage is also attractive for investment; after completion of construction, you can sell it for 30% more and make a profit.

It is also worth considering additional costs when purchasing real estate in Montenegro, such as property taxes, utilities and maintenance of housing in complexes.

Luxury real estate on the coast

Luxury real estate on the coast of Montenegro is represented by a wide range of offers. You can find apartments and houses with sea views, large terraces, swimming pools and other amenities. The best offers are located on the first line and in the center of any locality.

One of the popular luxury complexes is ROYAL GARDENS in Budva. The price also includes a parking space. Check out our offer with panoramic sea views on the first line https://gomonte.me/en/properties/s3575/

Budva has all the necessary services, both for those who come here on vacation and for those who live permanently

The geographical settlement of Budva is divided into districts, each of which has more supermarkets selling food, household chemicals, school supplies, and pet products. Home delivery of goods works through a special application. If you don't like to cook at home, you can also order food delivery from any cafe or restaurant. Large selection of different cuisines: national Montenegrin cuisine, European, Asian, Turkish, Russian, large selection of sushi and pizza. On weekends, you can visit museums or exhibitions in the capital, or take a ride to the reserve and see the unique flora and fauna.

In Tivat, Budva and the capital Podgorica you will find international schools, kindergartens, hospitals, beauty salons, spa salons in hotels, which also provide a wide range of wellness treatments, including massages and infrared saunas. These cities have a large selection of gyms, where you will find sports sections for adults and children, various master classes, contemporary art galleries, and museums. There are beautiful private beaches on the coast, where in the summer there are always interesting themed parties. Also during the summer season there are a large number of holidays, festivals and carnivals. The most popular music festivals and various national festivals, where you can get acquainted with the culture and traditions of the people. Every city has a beautiful New Year's celebration with Balkan artists singing for free in the city's main square.

All our offers on the first line can be viewed in the catalog at the link https://gomonte.me/en/search/sale/

Inexpensive real estate in Montenegro

In our catalog you can find lots from 50,000 euros, just use the search in our catalog, indicating the desired cost threshold. At the moment there is an excellent offer: a small studio for 54,000 euros, in a good area, perfect for long-term and short-term rental. Look in more detail at this https://gomonte.me/en/properties/s2405/

Obtaining a residence permit in Montenegro based on the purchase of housing

Purchasing property makes it possible to obtain a residence permit in the country. To do this, you need to contact the migration service and provide all the necessary documents, within 30 days. Read more about obtaining a residence permit in Montenegro in our article here https://gomonte.me/en/services/

How does the transaction process work?

The buying process is similar to the home buying process in other countries. You choose a lot, enter into a purchase and sale agreement, make a deposit and formalize the transaction at a notary's office.

Is it possible to purchase objects for rubles and other currencies?

You can buy a commercial or residential property in a sunny country from our agency both for euros and for other currencies, including rubles. At the same time, it is necessary to take into account the exchange rate and possible commissions when transferring funds.

Conclusion

Investing in real estate in Montenegro is a profitable and promising solution for those who want to invest their money in real estate abroad. At the same time, you need to pay attention to all the important points when buying a home and choose the most suitable property. The coast of Montenegro is a popular destination for tourists from all over the world, which opens up huge opportunities for investors who can make money from rental housing and commercial real estate.