How to buy a house in Montenegro. The best deals on the coast in 2024

Finding a cozy corner for living and relaxing on the Adriatic coast is not just an investment, it is an opportunity to experience new emotions in one of the most beautiful corners of the world: relax on azure beaches, swim in crystal clear waters, explore mountain landscapes, national parks and historical cities. If you dream of a house by the sea with a beautiful view from the window, a relaxed life and enjoying every moment, then this article is for you.

In this article you will learn:

• The process of searching and concluding a deal.
• The cost of maintaining and furnishing home.
• About the nuances of moving and adapting to a new life.

With the help of our detailed guide, you can make the right choice and buy the home of your dreams, avoid mistakes and not fall into the hands of scammers.

 

1. How to buy a house in Montenegro: 8 steps

1. Determinants of the purpose of the purchase, budget.
2. Select a suitable city and infrastructure.
3. Analyze the price market.
4. Search for a suitable object.
5. Checking the legal purity of the object.
6. Registration of the transaction.
7. Payment for purchase.
8. Registration of property rights.

Additional steps as needed:

1. Obtaining a residence permit
2. Repair or home improvement

Many people buy houses and villas by the sea for resale or rental during the tourist season. The second important step is choosing a location: mountains or coast. The further from the coast, the cheaper the cost. The most popular on the coast are: Budva, where there is a large flow of tourists. Sveti Stefan is a small cozy resort village with a beautiful royal park. Tivat and Lustica with an expensive marina and expensive designer interiors in houses. Petrovac, Sutomore, Bar - with stunning beaches, pine forests. You also need to decide on the area in the location you have chosen: tourist area, business or residential area, city center, suburb.

Prices for houses with land in Montenegro average from 2,500 euros/m².

Check out our offer for 315,000 euros. S house: 142 m². S plot: 186 m². Number of bedrooms - 1.

More details: properties/s1943

Checking the legal purity of the transaction is checking the necessary documents: cadastral passport, certificate of absence of encumbrances, extract from the Unified State Register, technical passport, consent of the spouse and checking the legal capacity of the seller.

Our company GoMonte helps in selecting real estate, concluding a transaction, and checking them for legal purity.

Look at the offers on our website in the section: buying houses: https://gomonte.me/houses/

Sign up for a free consultation, including online: +382 69 777 680 Viber/WatsAap/Telegram.

 

2. What you need to know when buying real estate in Montenegro

1. Culture and traditions of local residents
2. Legislation of the country
3. Annual taxes on property ownership
4. It is advisable to learn Serbian or English; in many institutions they speak English
5. Reliable real estate agencies in Montenegro for finding and concluding a reliable deal

 

3. What does buying real estate in Montenegro provide?

The acquisition of property provides grounds for obtaining a temporary residence permit in the country with subsequent annual renewal. Exception: commercial real estate and land plots. In order to obtain a residence permit when purchasing a plot of land, you must first build a capital facility.

A residence permit (borawak) gives you the right to free healthcare, as well as obtaining visas to EU countries if you are a Russian citizen. The most important thing is the right to obtain a permanent residence permit after 5 years and timely renewal.

The documents required to apply for a residence permit, the cost of registration, government fees, you can find in our section on the page: services/residence-permit.

 

4. Transaction procedure

Stages:

1. Signing a preliminary agreement: determines the main terms of the transaction, a deposit is paid.
2. Checking legal purity.
3. Drawing up a purchase and sale agreement, notarization.
4. Payment.
5. Registration of ownership: submitting documents to the Cadastre, obtaining a certificate of ownership.
6. Payment of taxes

 

5. Registration of ownership

Stages:

1. Preparation of documents: Passport, TIN, sales contract, cadastral certificate, paid tax receipt
2. Submission of documents to the Cadastral Authority
3. Review of documents up to 30 days
4. Obtaining a certificate of ownership

 

6. How much does a house cost in Montenegro?

• Cost on the coast: from €110,000
• Cost in the mountains in the north: from €90,000

Prices depend primarily on the region: on the coast and in the capital prices are higher than in the mountains. From the characteristics of the object: secondary/primary market, availability of repairs, furniture, area, proximity to the sea, infrastructure.

 

7. How to buy a house in Montenegro inexpensively

There are two options for how to buy housing inexpensively: Buy at the construction stage or consider options that are located in the north, outside the tourist area, where prices can be 2 times cheaper. Our catalog of inexpensive real estate in Montenegro from €60,000 to €100,000: houses/search/sale

See the full catalog by city and different categories here: gomonte.me/houses.

Use the services of a realtor from our agency who will help you with consultation: +382 69 777 680 Viber/WatsAap/Telegram.

 

8. Buy a house in Montenegro by the sea.

Top offers from €110,000 with sea view

1. Village of Dobra Vody. Two floors. Three bedrooms. Garage. Terrace. Furniture.

Object area: 109 m². Plot area: 500 m²

€110,000

View details: s2579

2. Near the city of Budva. Two bedrooms. Swimming pool, covered parking for cars. Furniture.

Object area: 90 m², plot area: 270 m²

€259,000

More details: s848

3. Ratar. Between the cities of Sutomore and Bar. Two floors. Four bedrooms. Furniture. Appliances. Terrace. Garage for 2 cars. Pool.

Area: 237 m².

€370,000

Full description and more photos: s1902

4. Rezhevichi. Two floors. Four bedrooms. Terrace. Warm floors, video surveillance, alarm system, central boiler room. Without furniture.

Area: 178 m². Plot area: 298 m²

€490,000

Details: s2623

5. Petrovac. Three floors. Pool. Terraces. Furniture. Appliances. Suitable for rental.

Area: 288 m². Plot: 950 m²

€550,000

Detailed description and all photos: s982

6. Tivat. Three floors. Garden. Open parking. Furniture. Terrace.

€550,000

Find out more: s1717

7. Kotor. First line. Three floors. Five bedrooms. Garage. Terrace.

Living area: 272 m². Plot: 380 m²

€580,000

Details: s3432

9. Buy a house in Montenegro in the mountains.

Top offers from €99,900

1. Zabljak. 248 m². Number of bedrooms: 3. Furniture.

€265,000

https://gomonte.me/en/properties/s1689/

2. Zabljak. Number of bedrooms: 3. Furniture.

84 m². Plot: 782 m²

€99,900

https://gomonte.me/properties/s1999/

10. How much does it cost to maintain a house in Montenegro?

Average costs for maintaining an object up to 200 m²: 150-200 €/month. These include:

1. Utilities:

• Water: 0.4-0.6 per m³ + 0.2-0.4 €/m³ sewerage.
• Electricity: 0.15-0.25 €/kWh.
• Internet and TV: 15-30 €/month.
• Garbage removal: 10-20 €/month.
• Gardening work: 50-100 €/month.

Other expenses:

• Insurance: 100-200 €/year.
• Weekly cleaning: 5 €/hour.
• Repair: 500 - 1000 €/year.
• Annual taxes. Read below.

 

11. What are the taxes on real estate in Montenegro?

1. Purchase tax:

• 3% if the housing price is up to €150,000
• flat tax €4,500 and another 5% - if the price is from €150,000 to €500,000
• fixed €22,000 and 6% over €500,000

2. Annual tax: 0.1 - 1% of the market price.

3. VAT 21% is already included in the price.

 

12. Prices for renovations in Montenegro and home improvement in 2024

1. Type of repair:

• Cosmetic: 10-20 €/m².
• Capital: 50-100 €/m².
• Construction of the facility: 1000-2000 €/m².

2. Household goods, starting price from, €:

Furniture:

• double bed - from 300
• sofa - 300
• dining table - 60
• kitchen set - 189
• chairs - 20
• eco-leather chair - 70
• work chair - 49
• computer desk - 100
• wooden coffee table - 95
• chest of drawers - 120
• clothes hanger - 40

Plumbing:

• sink with tap - 55
• toilet - 44
• bath - 285
• shower cabin - 124
• bidet - 30
• boiler for heating hot water 49 liters - 210

Appliances:

• electric stove - 245
• washing machine 7 kg - 245
• microwave 700W - 75
• vacuum cleaner - €51
• robot vacuum cleaner - 270
• refrigerator - 400
• dishwasher 45 cm - 299
• iron - 23
• coffee making machine - 115
• bread oven - 75
• toaster - 15
• kettle - 18
• grill - 49
• TV 40 inches - 165
• fan - 65

Home decor:

• pillows - 4
• blankets - 15
• blinds - 30
• candlesticks - 5
• candles - 3.5
• flower vase - 7
• cotton bathroom rugs - 3
• small mirror - 40
• laundry basket - 18
• large shower towels - 14
• paintings by local artists - 100

Heating and ventilation:

• electric heater - 59
• climate control 9000BTU - 339

Dishes and bedding:

• set of dishes for 3 persons - 30
• bed linen set - 45

Indoor and garden plants:

• Ficus - 10
• Cactus - 5
• Zamioculcas - 7
• Rose bush - 5
• Fruit trees - 8
• Coniferous tree seedlings - 5
• Flower and herb seeds - 1
• Flower pots - 1.5

Garden furniture:

• table and 2 chairs - 79
• wooden chaise lounge - 250
• sun umbrella - 30
• outdoor lamps - 9
• garden pavilion - 60

Other:

• floor lamp or night lamp - 7
• clothes dryer - 12
• dish dryer - 7
• baskets or storage boxes - 10
• orthopedic mattress - 259
• orthopedic pillows - 40

Household chemicals:

• floor cleaner - 3
• dish soap - 2.8
• product for plumbing - 3.5
• pipe cleaning - 2

Garden products:

• Cordless trimmer 35cm 40V - 165
• Shovel - 12
• Charcoal grill - 44
• Flower seedlings - 2

3. Workforce:

• Services of masters: 15-30 €/hour.
• Construction crew: 200-300 €/day.

 

13. Nuances of moving and adapting to a new life

Moving to a new country always causes a lot of emotions and excitement. Adaptation to a new life requires patience, openness, and readiness to change. Let's consider the nuances of moving and socialization on the shores of the Adriatic Sea.

1. Language

The official language of the country is Montenegrin, which is similar to Serbian, and English is widely used, especially in the tourist area and the capital. For more comfortable socialization, it is recommended to learn basic phrases in the local language.

2. Cultural characteristics

This is a small state on the Balkan Peninsula with a rich history and cultural heritage. Study local traditions, customs, social norms. This knowledge will help you quickly integrate into a new environment.

3. Climatic conditions

When moving, you should take into account the climate and prepare for changes in the weather. The climate here is predominantly Mediterranean with mild winters and hot summers.

4. Health and education system

Make sure you have the necessary health insurance and ensure your children receive a quality education.

5. Job search

When moving to a new country, it is necessary to resolve issues with work and housing. Look for information about the labor market and possible vacancies to avoid unpleasant surprises.

6. Meet the locals

One of the best ways to adapt to a new life is to get to know the locals. Communication with people will help you understand the local culture, traditions, way of life, and find new friends. The locals are very friendly, generous, and ready to help: neighbors invite you for coffee, give children sweets, and the saleswoman in the store is always happy to chat with you if there is no line. If you go on a trip around the country, you will definitely receive gifts in the form of a bottle of wine or fruit from the owners of the apartments where you are staying.

We introduced you to the important stages of buying a home on the Adriatic coast. Read also our other articles on this topic: Prices for goods and services in 2024, How to make a transaction online.