Real estate in Montenegro is an unobvious but promising choice for an investor who wants to buy a home on the Mediterranean. At least because the costs of utilities and taxes are significantly lower than in many European countries. At the same time, Montenegro is in the active stage of reforming its infrastructure, including the transport system.
In particular, in 2023, the first part of the Bar-Boljare highway was launched on the Smokovac Matesevo section, which significantly reduced the travel time from the Montenegrin coast to the Kolasin ski resort.
And at the end of 2024, it became known that Montenegro received a tranche from the EU in the amount of 600 million euros for the construction of the second section of the Mateševo-Andrijevica motorway, which should be completed by 2027. Thus, traveling by car from other European countries to Montenegro will become easier, faster, more convenient.
How to choose and buy real estate in Montenegro
Note that a foreigner can buy real estate in Montenegro without any significant restrictions on ownership and management of the property. At the same time, almost all premium real estate on the Montenegrin market is located with a view of the water and in close proximity to the sea.
Real estate in Montenegro. Selection of properties
Apartment in Tivat
Apartment on the top, fourth floor of a new building with a sea view in the suburbs of Tivat, Kava area. The center of Tivat is only 5 minutes by car or 20 minutes on foot. This is a good opportunity to buy a property ready for living or renting.
The total area of the apartment is 62 m2. The layout includes a living room combined with a kitchen, two bedrooms, a bathroom and a terrace with a sea view. The finishing is fully completed, the price includes all furniture and household appliances, as well as a parking space in the underground parking. Each room has air conditioning. The building has an elevator and its own management company.
Price – €240,000.
Apartment in a residential complex under construction in the center of Tivat
The new residential complex is located in close proximity to the Porto Montenegro project. The development plan includes three residential blocks and a rooftop swimming pool. Each building includes luxury apartments and spacious penthouses, an infinity pool on the roof, individual storage rooms, and an underground garage. The basic trim package includes an elegant interior design, with a choice between two styles – Italian and Scandinavian.
The project will have its own management company after delivery, which will organize 24-hour security service and a private concierge. Owners may sign a contract with the developer to rent out the apartment for 3 years and receive a guaranteed income of 6% per annum on the invested funds.
Apartment area from 42 m2 to 321 m2. Price – from €490,000.
Apartment in Lustica
Opportunity to purchase an apartment on favorable terms in a complex with its own beach on the territory of the famous Lustica Bay project – located on the peninsula of the same name in the Lustica Bay. This is a modern resort town with developed infrastructure, located on the Adriatic Sea. The project is planned as a city-club that will unite people from all over the world who are passionate about golf, yachting, water sports or simply want a beautiful, elegant holiday surrounded by untouched nature.
Available for purchase are apartments of 119 m2 on the ground floor, consisting of a spacious living room with access to the terrace, a kitchen and dining area, 3 bedrooms and 3 bathrooms. Upon completion of construction, the apartment will be handed over in a clean finish: built-in kitchen with household appliances, plumbing, heated floors in the bathrooms.
The cost is €1,031,000, and you can pay the amount in installments (down payment 25% and then payments over 4 years).
Modern villa in the Bay of Kotor
A new project of 6 villas within walking distance from the historical center of Kotor (Old Town), 300 meters to the sea. Panoramic views of the Adriatic Sea and mountains. The villas will be commissioned in 2026 “turnkey” with modern renovation, including heated floors, Italian kitchens with premium appliances, infinity pools and patios, garages/covered parking. Villa layout to choose from: 4-5 bedrooms, 3-4 bathrooms, living area – from 279 m2 to 373 m2, plot area – 457-803 m2
Price from €1,150,000.
The developer offers a flexible payment schedule with interest-free installments for up to 4 years with a down payment of only 20%. The project has a high rental income potential, as it is located on the shore of the most panoramic bay of the entire Adriatic.
Prospects for EU integration and financial flows
At the end of 2024, Marta Kos, the European Commissioner for Enlargement, officially announced that one or two countries could be admitted to the EU in the next five years: Montenegro and Albania. In fact, this means that Montenegro has received approval for its reforms in all areas necessary for integration into the EU.
It is also worth noting that Montenegro and Albania became the first countries in the Western Balkans to join the Single Euro Payments Area (SEPA), a European Union initiative to simplify and standardize payment transactions. SEPA allows for faster, cheaper and safer transfers in euros between member countries.
Residence permit of Montenegro
For those who, in addition to buying an apartment, would like to obtain permanent status in the country, we offer to apply for a residence permit in Montenegro through APEX. This way, you can become a full-fledged participant in the local banking system, as well as obtain a driver’s license and ID card (can be issued through APEX).
