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Astra Real Estate
Esales Property LimitedTo a buy villa in Montenegro as a foreigner, it’s recommended to use the Global.Properties aggregator, which features over 15 listings from verified agencies and developers. You can use advanced filters to find properties that match your preferences and sort search results based on your goals. After carefully reviewing the information about villas or apartments in Montenegro you like, contact the seller directly via phone or personal messages to discuss a potential deal.
- Minimum cost of villa in Montenegro: USD 400000
- Maximum of villa prices in Montenegro: USD 16 million
- Minimum area: 128 m²
- Maximum area of a villa in Montenegro: 1,300 m²
Foreigners can obtain residency status by purchasing property in Montenegro. There’s no minimum investment amount required to apply, so the cost of residential or commercial property can vary. To obtain residency, the applicant needs to visit the country only once.
Additionally, to participate in the programme, you must document ownership of at least 50% of the property. If the application includes family members of the main owner, each must have a minimum of 12 square metres of living space. To renew the visa after one year, residents are allowed to leave the country for no more than 30 days.
After five years of residing in the country with a valid residency permit, residents can apply for permanent residency. After an additional five years, in the tenth year of residence, they can apply for citizenship.
Villas for sale in Montenegro
Located in the western part of the Balkan Peninsula, this country, boasts a high level of security, a rapidly growing economy and a well-developed tourism industry. The government is keen to attract wealthy, talented and highly qualified foreigners, implementing measures to create a favourable environment for real estate investments with minimal risks.
Private property is protected by the Montenegrin constitution and foreign investors enjoy the same legal status as locals. There have been no cases of government expropriation of foreign property. Additionally, residents can participate in transactions aimed at privatising state assets, with real estate once owned by the government now utilised for tourism projects.
Local laws on foreign investments are modern and business-oriented. Buying houses for sale in Montenegro is a great option for foreigners interested in earning passive rental income and achieving capital appreciation.
Reasons for investing in a house in Montenegro
Why do foreign investors buy villas in Montenegro for investment?
- Attractive Tax System: The Balkan state offers some of the lowest property taxes in Europe. Depending on the location and type of property, the standard annual rate ranges from 0.25% to 1% of the market value of houses (in exceptional cases, up to 5%). Capital gains tax is 5–9%, allowing owners to achieve higher profits in the long term;
- Affordable Prices: House prices in Montenegro are relatively affordable compared to other Mediterranean destinations. Foreigners are drawn to the opportunity to buy luxurious villas with modern designs and personal amenities at a lower cost. However, prices are rising due to increasing demand. In December 2022, property prices increased by 20.5% year-on-year. Owners can expect long-term capital appreciation or invest in new constructions, which typically appreciate by 20–35% upon project completion;
- Thriving Tourism Industry: The country is becoming an increasingly popular tourist destination, leading to high rental demand, especially during the summer months. Properties located in coastal areas and near attractions can yield up to 8% annually, ensuring a quick return on investment;
- NATO Membership: Accession to NATO in 2017 has increased foreign interest in local housing. Investors are drawn to the strengthening of democratic values, which reduces the risk of political factors affecting the real estate market.
What you need to know before purchasing a house in Montenegro:
- The best tourist locations are along the Adriatic coast, including the rivieras near Kotor Bay, Budva and Bar;
- The northern part of the country offers promising investment opportunities in properties related to ski tourism;
- The capital, Podgorica, is the only place with a diversified economy and a liquid non-tourist real estate market;
- Former industrial towns like Niksic and Pljevlja are suitable for budget-conscious investors, although properties in these locations are not as in-demand as those in resort areas.
Buying a villa in Montenegro
Global.Properties offers a comprehensive selection of commercial properties, land plots, villas and apartments across the country. The aggregator’s database is updated daily with listings from reliable agencies and developers. All incoming offers are manually verified, ensuring users have access to the most current and accurate data.
The platform is equipped with tools that simplify and expedite the property selection process, including:
- A search system with filters to select by price, area, number of rooms, floor level, furnishings, amenities, construction stage, location and other parameters;
- A sorting function to arrange results by ascending or descending price, publication date, property size, etc.;
- An interactive map that shows the location of the property;
- A converter to display prices in dollars, euros and other currencies.
Find your dream house for sale in Montenegro and experience the convenience of our portal today!