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Taxes in Montenegro when buying property

In Montenegro, the lowest taxes are considered, in comparison with the countries of Western Europe. Real estate tax in the secondary market is 3% of the cadastral value of the object.

If an object is purchased on the primary market, there are no taxes, which greatly simplifies the purchase procedure.

The annual tax for foreigners in Montenegro is called the "Property Ownership Tax" when buying on the primary or secondary market - 0.6% of the cadastral value per year.

Since Montenegro is a candidate for EU membership in 2025, the legislation is now changing in accordance with the requirements of the EU Commission. This also applies to taxes. An additional tax is being discussed for those property owners who cannot prove the legality of their income. When selling undeclared real estate, the seller will have to pay additional tax deductions, the amount of which is currently being discussed in the Government.

Photo by Polina Tankilevitch: Pexels

Next article Long-term rental housing in Montenegro. Frequently asked questions from our clients

Blog about life in Montenegro

Do you dream of a carefree life on the shores of the Adriatic Sea, where the sun shines 300 days a year, and mountains coexist with azure beaches? Then welcome to Montenegro! In this blog, we share the experience of living in this amazing country of people who have already moved to Montenegro, talk about adaptation to a new country, the intricacies of buying real estate in Montenegro, obtaining a residence permit, and also introduce you to Montenegrin culture and traditions.

Moving to a new country is not just a change of place of residence, it is a step towards a new life filled with bright colors and unforgettable impressions. The paperwork process is not complicated, but requires careful preparation. In our blog you will find detailed information about:

  • Necessary documents: what certificates and statements you will need, where to get them.
  • How to get a residence permit in Montenegro in 2024: which residence permit is right for you, how to get it.
  • Looking for housing: how to find the house or apartment of your dreams.
  • Montenegro News.

In our catalog you can find accommodation for every taste and budget: from cozy apartments to luxury villas, and in the articles we will tell you about:

  • Stages of buying real estate in Montenegro: how to avoid becoming a victim of scammers and make a profitable deal.
  • Real estate prices: what determines the cost of housing in different regions.
  • Taxes: what taxes you need to pay when buying and owning real estate.

Each country has its own characteristics that you should know about before moving. Explore our blog about life in Montenegro:

  • Where to find inexpensive housing in Montenegro.
  • Cost of living: how much food, transportation, clothing and other goods cost.
  • Medicine: how the healthcare system works in Montenegro.
  • Education: what schools and universities are there in the country.
  • Work: where and how to find work in Montenegro.

Also in the blog you will find detailed information about residence permits in Montenegro:

  • What documents will you need?
  • How much does it cost to obtain a residence permit?
  • What are the benefits of Borawak in Montenegro?

We hope that our blog about life in Montenegro will be a useful and informative resource for you. If you want to share your experience or advertise on our website, contact us: +382 69 777 680 Viber/WatsAap/Telegram

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