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Astra Real Estate
Esales Property Limited
Montenegro PropertiesThe website boasts over 142 listings with current photos, descriptions, and prices of apartments in Montenegro for investment and living. Visit the catalogue and use the filter search to sort options according to your desired parameters. Contact an agent by phone or via messaging apps to help you choose a property that meets your requirements.
- Minimum price: €87602
- Maximum price: €25 million
| Bedrooms | Minimum Price | Maximum Price |
| Studio | €23,000 | €491,000 |
| 1 bedroom | €28,000 | €1.91 mil |
| 2 bedrooms | €35,000 | €4.5 mil |
| 3 bedrooms | €46,000 | €15.19 mil |
| 4 bedrooms | €65,000 | €25 mil |
| 5 bedrooms | €89,000 | €4.2 mil |
- Minimum area: 25.78 m²
- Maximum area: 629 m
Owners of any property in Montenegro, excluding undeveloped land plots, can apply for residency. The residency permit is valid for 1 year and can be renewed an unlimited number of times. The residential or commercial property must be free from encumbrances, such as mortgages or debts. Foreigners also need to own at least half of the property.
Currently, it is not possible to obtain citizenship through the purchase of property. By law, a foreigner can apply for citizenship through naturalisation by fulfilling several requirements: legally and continuously residing in the country for 10 years, not being a citizen of another state, passing a language proficiency test, among other conditions.
Apartments for sale in Montenegro
The country attracts the attention of property buyers, investors, and tourists. Some of the main advantages of the region include its natural attractions, such as pristine beaches, the clear Adriatic Sea, and picturesque mountains. Additionally, many are drawn to its rich history and well-preserved architecture, with some locations listed as UNESCO World Heritage sites. The development of infrastructure, tourism, and the economy enhances the country’s appeal as a relocation and investment destination.
You can buy an apartment for sale in Montenegro from a wide range of offerings, from small studios to spacious penthouses. Layouts typically feature open-plan kitchens combined with living areas, one or more bedrooms, and bathrooms. Some properties boast panoramic windows and balconies. Exclusive flats include private pools, Jacuzzis, and terraces. Some properties are sold with appliances and furniture.
Apartments are available on both primary and secondary markets. Modern complexes offer prestigious amenities: pools with relaxation areas, sports grounds, communal terraces, and parking. Some luxurious buildings are located near private beaches.
Buyers can consider the following popular cities in the country:
- Budva: One of the most famous resorts on the Adriatic coast, known for its beautiful beaches, developed infrastructure, and vibrant nightlife. It offers both premium properties and more affordable options.
- Kotor: Located by the picturesque Bay of Kotor, it is known for its historic architecture and cultural heritage. Properties here have high potential for value appreciation.
- Bar: A major port and important business centre of the country, offering a diverse range of properties, from modern apartments to traditional houses.
- Tivat: Home to an international airport and the prestigious Porto Montenegro marina, it offers high-quality apartments and excellent infrastructure for yachting enthusiasts and water sports lovers.
- Ulcinj: The southernmost town in the country, near the Albanian border, famous for its long sandy beaches and unique culture. The area appeals with its more affordable prices and promising prospects for developing tourist infrastructure.
The highest apartment prices in Montenegro are found in Kotor, Tivat, and other coastal regions. Affordable apartments can be found in less developed tourist locations, such as Nikšić and Pljevlja. Prices are also influenced by proximity to the sea, the condition of the building, property size, and the presence of furniture and amenities.
Reasons for investing in an apartment in Montenegro
The country continues to strengthen its position as a sought-after destination for investment, particularly in the real estate sector. It offers a stable political and economic environment, creating favourable conditions for long-term investments. The tourist infrastructure is rapidly developing, boosting rental demand, especially in popular resort areas such as Budva, Kotor, and Tivat.
The real estate sector is showing steady growth: the average price per square metre increased by 9.1% over the year to Q2 2023. In Podgorica, the capital, this figure reaches 13.5%. In the first 8 months of 2023, foreign direct investment grew by 5.41%, amounting to €296.8 million.
Apartments and flats in Montenegro are in high demand, especially during the tourist season from May to September. The housing is primarily rented by tourists from CIS countries and Europe. There is an increase in the number of digital nomads and remote workers choosing the country due to its favourable climate and affordable housing costs.
The rental cost of apartments in Montenegro is highest in Budva and Tivat, especially in buildings close to the coast. Investment returns across the country range from 4.3% to 7.62% per annum.
Buying an apartment in Montenegro
Global.Properties is an aggregator offering a wide selection of apartments and villas in Montenegro. The portal is updated daily to ensure you see only current listings. A convenient converter will display property prices in euros, dollars, or other currencies. The filter search function helps you choose an option by sorting listings by location, size, number of rooms, and additional amenities. Fill out the online form on the website, and a specialist will find housing that fully meets your goals and budget.