Properties in Bar
Real estate in Bar is one of the most sought-after segments of the Montenegrin market: well-developed year-round infrastructure, the country’s largest port, and prices 25–40% lower than in Budva and Kotor. Studios and small apartments start from €60,000, 1–2 bedroom apartments — from €100,000 to €180,000, houses and villas — from €150,000. Purchasing any registered property with no encumbrances grants the right to a residence permit in Montenegro with no minimum investment amount. The transaction is completed through a notary within 2–4 months, and the transfer tax is 3%.
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Districts of Bar: where to buy real estate
The municipality of Bar is divided into city neighborhoods and coastal villages with different characteristics and usage scenarios.
Several districts stand out in the city itself. Topolica — the administrative center with a promenade, port, schools and supermarkets, convenient for year-round living without a car. Ilino — a quiet neighborhood near the center and the promenade, one of the most popular for buying apartments. Šušanj — a hilly green area with a pine beach and a large selection of private houses; some properties here were built without a permit, so be sure to check the legalization status in the certificate of ownership (List nepokretnosti). Bjeliši and Čeluga — suburban areas beyond the railway line, lower prices, more affordable land — for building your own house.
Outside the city: Sutomore — a resort town with a beach 1–3 minutes away, the main choice for short-term rentals. Utjeha — a premium area with first-line villas, high seasonal income. Zeleni Pojas (Green Belt) — new residential complexes 10–20 minutes from the sea.
Resale housing or new construction
The secondary market in Bar is on average 20–30% cheaper than new builds. New buildings are constructed according to modern seismic and thermal insulation standards; in premium complexes, the price per square meter ranges from €2,400 to €3,500 and higher.
How the transaction proceeds
The purchase takes 2–4 months. First, a preliminary contract is signed and a deposit of €2,000–5,000 is paid. In parallel, an account is opened in a Montenegrin bank — Erste Bank, CKB Bank and NLB Bank work with foreign buyers. Before the main transaction, a lawyer conducts a legal check of the property: debts, encumbrances, ownership — cost €500–1,500. The main contract is signed before a notary, payment is made through a notarial deposit, after which the documents go to the cadastre for registration — the extract is prepared within 7–30 days.
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Questions from property buyers
Yes, without restrictions — residential and commercial. Foreigners can purchase a land plot only through a legal entity or a plot of up to 5,000 m² as part of a building. Agricultural land — prohibited.
Secondary market — 3% property transfer tax. New build from a developer — VAT 21% (usually included in the price). Plus notary fees 0.5–1% and state fee €10–50. Annual property tax — 0.25–1% of the cadastral value.
Yes. The owner of a registered property with no encumbrances receives a temporary residence permit for 1 year, renewable annually. There is no minimum amount set. An unbuilt plot of land does not grant the right to a residence permit.
A property from state-approved projects from €250,000 + a contribution of €100,000 to the state development fund.
A bank loan requires a residence permit — effectively unavailable for the first purchase. An alternative is an installment plan from the developer for new builds.
Yes, when signing before a notary. An alternative is a notarized power of attorney for a representative with an apostille, issued in your own country.
The largest port of Montenegro. Pebble beaches, about 200 sunny days per year. The terrain is flat — the sea view is not available everywhere. Strong winds are possible in winter.
Our offices in Bar
