Inexpensive real estate abroad. Where to buy and how to secure the transaction

The world is becoming more and more accessible, borders are being erased, and distances are shrinking. Today, for many people, buying property abroad is no longer something out of science fiction. This is a real tool that can open new doors for you, give you new opportunities and change your life for the better. But, like any important decision, the acquisition of property requires careful preparation and a thoughtful approach.

In this article we will cover:

• What are the advantages of buying real estate abroad?
• Why Montenegro is an attractive place to live
• How to buy cheap housing on the Adriatic coast
• Luxury real estate in Montenegro
• What steps need to be taken to complete the transaction
• What difficulties might you encounter?
• How to secure a transaction
• We will also share useful tips and tricks from experts

1. Why is it worth buying property abroad?

• Diversification of investments: An object can become a reliable asset that will protect your savings from inflation and fluctuations in the ruble exchange rate.
• Passive income: You can rent out and receive a stable income in hard currency.
• Possibility of rest and residence abroad: Having become the owner of a living space, you can come at any time for vacation, work, treatment or training.
• Obtaining a residence permit: many countries issue temporary residence permits to property owners under certain conditions.
• Education for children: If you want your children to receive education at a prestigious foreign university.
• Business Opportunity: For example, you may be able to resell in the future as demand is only increasing in many countries.

In recent years, purchasing real estate abroad has become increasingly attractive for Russians, citizens of Ukraine, Kazakhstan and EU countries. Russians here are attracted by a similar mentality, a similar language and the ease of learning it. For EU citizens, there are attractive low taxes and prices for goods and services.

For Russians, purchasing real estate abroad has a number of additional advantages:

• Ease of registration: Citizens of the Russian Federation do not need a visa to enter many countries
• It is possible to obtain a residence permit

2. Why is it worth buying property in Montenegro

• Affordable prices.
• Mediterranean climate.
• A variety of options: apartments, apartments, houses, villas for every taste and budget.
• Investment potential.
• Visa-free regime: Citizens of the Russian Federation and many others do not need a visa to enter the territory of the state.

Favorable conditions for Russians:

• Quick registration of a residence permit in Montenegro with subsequent extension and the opportunity to obtain permanent residence.
• Opportunity to buy real estate for rubles, cryptocurrency.

See the catalog with offers on our agency’s website: gomonte.me. We have different payment methods: in rubles, hryvnias and Bitcoin.

3. Inexpensive real estate abroad in Montenegro in 2024

In 2024, Montenegro is still one of the most affordable destinations for buying property in Europe. Prices here are significantly lower than in other Mediterranean countries, and the choice of offers is wide:

Studios:

Small but cozy studios are an ideal option for those who want to have their own corner on the seashore at an affordable price. Studio prices start from 50,000 euros.

Apartments:

Larger apartments are suitable for families or those who want more comfort. Prices for apartments in new buildings start from 70,000 euros, on the secondary market – from 60,000 euros. On our website you will find the following offers: one-bedroom apartment with sea view in Budva on the secondary market - 59,500 euros gomonte.me/properties/s3743

Houses:

For lovers of secluded relaxation or those who want to have their own plot of land, houses are suitable. Small house with two bedrooms and sea views for 79,900 euros.

Housing in complexes under construction:

from 100,000 euros. Check out this inexpensive one-bedroom apartment in Budva. Completion of construction: November 2024 gomonte.me/properties/s4098

4. Luxury real estate abroad in Montenegro in 2024

If you are considering purchasing a property in luxury residences, here are a number of benefits you will receive:

• Developed infrastructure
• Large selection of restaurants with different cuisines
• Spas, clubs and other premium services
• Protected area
• Parking
• Personal pool in the house
• Cleaning
• High level of service

It all depends on the specific residence, in which the benefits may differ. Prices for luxury real estate in Montenegro from 150,000 euros.

Read our other article with a selection of luxury real estate here: gomonte.me/blog/post/21

5. Where to buy luxury real estate in Montenegro

Budva Riviera:

The most popular resort with developed infrastructure, many restaurants, shops and active nightlife. Here you can find luxury apartments and villas with panoramic sea views.

Lustica Bay:

A modern resort complex built in Mediterranean style. Here you will find luxury apartments, villas, a golf course, a yacht marina and many other amenities.

Bay of Kotor:

A picturesque bay with a rich history and many charming towns. Here you can find luxury villas and apartments in old mansions.

Mountain resorts:

For lovers of a relaxing holiday and the purest mountain air, luxury chalets and apartments in mountain resorts are suitable.

6. What steps need to be taken to complete the transaction?

1. Selecting a property: Decide on your budget and location. Study the offers on the market, compare prices.
2. Checking legal integrity: Make sure that the seller has all the necessary documents, that it is not mortgaged, not seized, etc.
3. Conclusion of an agreement: Be sure to contact a lawyer; there must be a translator during the transaction.
4. Payment: Make payments non-cash through a bank. Keep all receipts and receipts.
5. Registration of ownership: After payment, it is necessary to register ownership in the land registry.

7. Possible difficulties

• The language barrier.
• Imperfection of legislation.
• Fraud.

To avoid these difficulties, seek help from specialists. Our employees have extensive experience in selecting housing, concluding transactions, and obtaining residence permits. We can also take your property into trust management if you want to rent it out and not be present in the country. Write to us for consultation: +382 69 777 680 Viber/WatsAap/Telegram.

8. How to secure a transaction

1. Choose an experienced realtor and lawyer.

• You should not try to navigate yourself in an unfamiliar country. An experienced realtor will help you find a suitable property, and a lawyer will competently draw up the transaction.

2. Check the legal purity of the object.

• Before purchasing a property, you must carefully check all documents to ensure that it is not encumbered with liens.

3. Take your time with signing the contract.

• Carefully study all the terms of the purchase and sale agreement and do not sign the agreement if something is not clear to you.

4. Never transfer money directly to the seller.

• You can find out more from our consultants: +382 69 777 680 Viber/WatsAap/Telegram.

9. Expert advice on buying real estate in Montenegro

Advice from lawyers:

• Check the legal purity of the object.
• Make sure the seller is competent and has the right to make the transaction.
• Draw up the purchase and sale agreement according to the laws of the country.
• Don't forget to register your property rights in the cadastre.

Realtor tips:

• Determine your budget and goals.
• Choose a trusted realtor with a good reputation and reviews.
• Explore offers, cities and infrastructure availability.

Buying Tips:

• Study information about the developer.
• Entrust the transaction to specialists who will check the legal purity.

We hope that this information will help you make an informed and profitable choice of real estate abroad.

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