How to buy a plot of land in Montenegro for a foreigner inexpensively

Do you dream of your own home on the shores of the Adriatic Sea, where the sun caresses your skin and the sea breeze gives you coolness? In this article you will learn the possibilities and nuances of buying a plot of land abroad inexpensively and how much it costs to build a house.

Types of land plots in Montenegro:

• Countryside: Ideal for those looking for a quiet life away from busy cities. Here you can plant a garden and do farming.
• Coastal plots: The most expensive, but also the most prestigious option. Here you will enjoy sea views, your own beach and developed infrastructure.
• Mountain areas: Perfect for lovers of nature and active recreation, breathtaking panoramic views of the mountains, clean air, silence.

Is it possible for a foreigner to buy land in Montenegro?

Foreigners have the right to purchase land in Montenegro, but there are some restrictions:

• You cannot purchase land in border areas and on islands
• The area of the site should not exceed 1000 m²

What is needed to buy a plot of land in Montenegro

The process of buying real estate in Montenegro is quite simple:

• Decide on your budget, desired location and type of site
• Verification of documents. Make sure the seller has all the necessary title documents
• Sign the purchase and sale agreement with the seller
• Pay for the plot in accordance with the agreement
• Register ownership with the cadastral authority

Popular regions for purchasing land in Montenegro

• Budva: The most popular resort town with high prices
• Kotor: A picturesque port city with a rich history and more affordable prices
• Bar: Calm town with sandy beaches and reasonable prices for goods and services
• Herceg Novi: A city with unique architecture and views of the Bay of Kotor
• Ulcinj: The southernmost city with a subtropical climate and inexpensive plots

How to buy land in Montenegro by the sea

Land on the Adriatic coast is the most expensive in the country. The price per square meter can vary from 200 to 1000 euros.

Adviсe:

• Consider the distance. The closer to the sea, the more expensive the cost
• Pay attention to the infrastructure. Availability of roads, electricity, water supply increases the cost
• Check for building permits. Make sure that the site can be used to build a house

How to buy a plot of land in Budva inexpensively

Budva is the most popular resort town, so land prices here are the highest.

There are several ways to buy a plot of land in Budva cheaply:

• Consider less popular areas in the vicinity of Budva: Krasici, Krimovica or the capital Podgorica. For example, in Krasici the cost per square meter starts from 260 euros.
• Choose an object with a mountain view
• Purchase for development without ready-made projects

See the full catalog of real estate without commission on our website: gomonte.me/landplots

See the offer in Krasici from 260 euros/1 m² on the page: gomonte.me/properties/s775

Why is the country attractive for buying land?

• Picturesque landscapes from azure waters to majestic mountain peaks
• The mild Mediterranean climate with plenty of sunny days gives health and good mood all year round
• The country has a well-developed road network, transport links, and also has all the necessary amenities for a comfortable life.
• Stable political and economic situation
• Compared to other European countries, prices for foreign real estate here are relatively low

Procedure for purchasing a plot of land in Montenegro

1. Selecting a Site: Decide on your budget, desired location and type of site
2. Document check: Make sure the seller has all the necessary title documents
3. Conclusion of the contract: Sign the purchase and sale agreement with the seller
4. Pay according to the agreement
5. Register ownership with the cadastral authority

Permits and licensing procedures for construction on land

You need to obtain a number of permits:

1. Building Permit: Issued by the local authority
2. Technical documentation: House project developed by a certified architect
3. Coordination with public utilities: Connection to water supply, electricity, sewerage networks

Financial aspects when purchasing

In addition to paying for the purchased property, the following expenses must be taken into account:

1. Registration of the transaction: notary, translator
2. Taxes: on real estate (1% of the cadastral value), on inheritance (19-32% of the value)
3. Connection to communications: Electricity, water, sewerage, gas
4. Geodetic surveys for housing design
5. Legal support: Assistance in preparing documents and protecting your interests

Taxes and obligations of land owners

• Annual property tax: 1% of the cadastral value
• Landscaping Obligation: Keep the site clean and tidy.
• Obligation to pay utility bills: For consumed water, electricity, gas

Advantages and disadvantages of owning land in the country

Advantages:

• Investment attractiveness
• You decide the design, layout and materials yourself
• Excellent ecology
• Stability and security

Flaws:

• Financial costs, including property maintenance
• Bureaucratic procedures that may take some time

How to choose a site for building a house in Montenegro

• Set a budget
• Select your desired region
• Rate the type of site: Rural area, coastal area, mountainous region
• Check for communications
• Make sure your documents are clean
• Rate the view

How much does it cost to build a house in Montenegro

The average cost of building a house in Montenegro is 1000-1500 euros per m² Construction workers' wages are 10-20 euros per hour Factors influencing cost: Area and number of floors of the house, construction materials, complexity of the project, labor costs

Recommendations: 

• Create a detailed project
• Compare prices from different contractors
• Choose quality materials

Purchasing land and building housing is a long-term project that requires careful planning, weighing the pros and cons, as well as competent legal support. Please note that rates may vary significantly depending on a number of factors such as home size and type, materials selected, location and other individual customer preferences. For accurate information, it is recommended to contact local specialists or construction companies.

Read more about how to obtain permits, order a project, build a house in Montenegro and costs in the next article.

Common mistakes when concluding a deal

• Lack of verification of the legal purity of the transaction and the seller’s legal capacity
• Ignorance of legislation 

Make the right choice, and your home will become your fortress of happiness and comfort! Choose a reliable realtor and seller with a good reputation. Our GoMonte agency has been helping people find their dream place in this beautiful country for more than 10 years. 

Get a free consultation now: +382 69 777 680 Viber/WatsAap/Telegram or gomonte3000@gmail.com

Look for options for lots to purchase with sea or mountain views in this section: gomonte.me/landplots