Properties for sale in Montenegro

Global Properties is a useful tool designed for foreigners who want to buy property in Montenegro. The website's catalogue includes over 275 listings with property in Budva, Becici, and other popular cities and towns in the country. To find a suitable option, you should:

1. Use the search system. There are numerous filters that can help narrow down the results. You can choose your desired price and area, the number of rooms, location, whether it is furnished or unfurnished, the construction stage and more.
2. Sort the search results. For more budget-friendly options, sort by price ascending; for recently listed housing units, sort by date.
3. Contact the seller by phone or through personal messages. Both agency and developer contacts are provided in each listing.

Montenegrin law allows citizens of other countries to buy, sell or rent out residential and commercial real estate. Foreign buyers cannot purchase agricultural land, forests, cultural monuments or units near borders.

• Minimum property prices in Montenegro: USD 90230
• Maximum cost of property in Montenegro: USD 27 million

• Minimum area: 25.78 m²
• Largest unit: 1,300 m²

Investing in Montenegrin real estate qualifies you for a Golden Visa, regardless of the cost and type of real estate. Both residential and commercial premises are eligible, and you must document ownership of at least 50% of the property and own at least 12 square metres of the total living area.

To be eligible for citizenship, you must live in the country for five years with a valid residence permit. During this period, you must reside in the area for at least nine months each year and renew your visa. If a resident is outside the country for more than three months, they will need to reapply for a residence permit, and the countdown restarts.

After 5 years, you can apply for permanent residency, and after 10 years, you can apply for citizenship.

The most popular destinations for vacations, relocation and buying housing in the country are:

1. Budva: This city and its surroundings form the Budva Riviera, the main resort area of the country. It is known for its beaches, nightlife and Mediterranean architecture. Budva hosts one of the largest water parks on the Adriatic coast, attracting up to 6,000 visitors daily.
2. Bečići: A resort village located in the Budva Riviera. It is famous for its sandy beaches and luxurious villas. Currently, commercial property in Becici is being reconstructed and new hotels are being built to meet European quality standards.
3. Bar: The largest trade centre in the country, which is becoming an increasingly popular tourist destination. It attracts visitors with architectural landmarks such as King Nikola's Palace and the Omerbašić Mosque.
4. Kotor: Situated on the Bay of Kotor and partially under UNESCO protection, Kotor hosts summer festivals attracting around 30,000 foreign visitors. The city is known for its nightlife, casinos, restaurants and cafes.
5. Tivat: Located just 4 kilometres from the international airport, Tivat is popular among foreigners due to attractions like the Island of Flowers. It also has one of the country’s best beaches, Plavi Horizonti.
6. Herceg Novi: This city, situated at the foot of Mount Orjen and washed by the waters of the Bay of Kotor, attracts tourists with its beautiful nature and remarkable architecture. Notable landmarks include the Bloody Tower (Kanli Kula) Fortress and the Savina Monastery.

Residences near the beach or popular tourist attractions are in high demand. These can include both apartments and private houses. Apartments offer easier access to essential infrastructure and are often located near bus stops, shops, schools and hospitals.

Houses typically provide more spacious rooms and a more private setting. Many premium and luxury villas are situated in gated, secure areas and feature personal amenities such as gardens, pools and barbecue areas. Owning such a mansion is a symbol of high status.

Real estate prices in the area continue to rise and the housing market is undergoing active development. New complexes are being constructed to meet the increasing demand from foreign investors. Local property owners can anticipate capital gains. Investors are buying premium and luxury real estate during the construction phase to make a profit from resale in the short term. Upon completion of the projects, the value of these properties can increase by 20-35%.

Montenegrin properties can generate high rental income, especially those located in coastal and tourist areas. The rental yield can reach up to 8% per annum, varying by region and type of residence. Housing units in Budva, Bečići and other resort areas are most in demand by tenants.