Apartments in Montenegro
- 105m2
- 2/3
- 2
- 2
Montenegro
- 40m2
- 1/6
- 1
- 1
Montenegro
- 129m2
- 2/4
- 3
- 2
Montenegro
- 40m2
- 3/7
- 1
- 1
Montenegro
- 68m2
- 4/8
- 2
- 2
Montenegro
- 62m2
- 2/7
- 1
- 1
Montenegro
- 47m2
- 6/8
- 1
- 1
Montenegro
- 81m2
- 2/7
- 2
- 1
Montenegro
- 71m2
- 2
- 2
Montenegro
- 81m2
- 2/7
- 2
- 1
Montenegro
- 160m2
- 4/5
- 3
- 3
Montenegro
- 43m2
- 3/7
- 1
- 1
Montenegro
- 86m2
- 2/8
- 2
- 2
Montenegro
- 73m2
- 2/3
- 2
- 1
Montenegro
- 78m2
- 3/3
- 2
- 1
Montenegro
- 38m2
- 2/3
- 2
- 1
Montenegro
Questions from property buyers
Housing prices depend on its type. A square meter in apartments costs from 1,111 to 26,923 euros. For houses and villas, the cost ranges from 500 to 11,000 euros. Townhouses are priced from 1,000 to 2,971 euros per square meter, while penthouses range from 1,432 to 14,286 euros.
Answer: When making a contract for the purchase and sale of real estate, notary expenses are paid by the buyer at the tariff applicable and indicated on the official website, translator services -40 euros, for written translation of the dialect, if necessary, 100 euros are paid. In addition, from the moment of purchase of the property, the buyer is obliged to pay a tax in the amount of 3% of the market value of the property.
Guide to Buying Apartments in Montenegro: Investment and Living in 2026
Choosing an apartment in Montenegro in 2026 is a strategic decision for investors and families seeking European real estate with maximum value. The key factor is the combination of affordable prices (25-35% lower than in Croatia) and the country's EU candidate status, ensuring the growth of your asset's liquidity. Foreigners can freely purchase property, and an investment from €250,000 grants the right to a residence permit for the whole family. The market offers ideal conditions for both passive rental income and permanent residence on the Adriatic coast.
Types of Apartments: From Studios to Penthouses
The modern market is structured by type and purpose. Studios (25-40 m²) are a budget solution for tourism rental investments, starting from €85,000. One-bedroom apartments (40-55 m²) are the most liquid format, comprising 40% of demand, ideal for seasonal rental to couples, priced from €120,000. Two-bedroom apartments (55-80 m²) suit family vacations and premium rentals. Three-bedroom and spacious apartments (80+ m²) include penthouses and elite properties in closed residences, often purchased for permanent residence.
Primary vs. Secondary Market: Key Differences
Buying an apartment in a new development from the builder offers advantages: modern layouts, energy-efficient technology, a 5-year warranty, and a fixed price during construction. The main risk is possible construction delays. Secondary market housing offers immediate occupancy, finished renovations, and a real picture of the neighborhood. Prices may be lower, but thorough verification of legal clarity and technical condition is required. For investors, the secondary market is often more attractive due to the possibility of quickly launching rentals.
Price Segments and Locations: Where to Buy More Profitably
Pricing depends on three factors: distance from the sea, view, and class of the complex. Economy segment (500-1000 m from the sea): from €1,500/m², suitable for long-term investments. Business class (200-500 m from the sea, closed residences): €2,500 – €3,800/m², optimal for rental business. Premium (first line, panoramic views): from €4,000/m², for status living. Popular cities: Budva (maximum rental income, liquidity), Tivat (elite complexes near marinas), Bar (best price-to-growth potential ratio).
Financial Calculations: Taxes and Yield
In addition to the property price, the buyer pays additional costs: property transfer tax (3%), notary fees (1%), stamp duty (€20), lawyer's services (€1,000-2,000). Annual expenses: property tax (0.1-1%) and utility fees. Yield from seasonal rentals is 5-8% per annum in top locations. For example, a one-bedroom apartment in Budva for €150,000 can generate €7,500 – €12,000 in net income per season with professional management.
Step-by-Step Purchase Process for a Foreigner
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Property selection and terms agreement. Defining budget and usage goals.
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Legal due diligence. A lawyer checks the property in the cadastre for the absence of encumbrances and construction legality.
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Signing a preliminary contract (Predugovor). Payment of a 10% deposit to reserve the property.
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Execution of the main sales contract (Ugovor o prodaji) with a state notary with simultaneous payment.
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Registration of ownership rights in the cadastre (up to 30 days).
Management and Rental: How to Get Stable Income
For legal short-term rental, either a "Turistička privreda" license or a contract with a licensed management company is required. Professional managers take a 20-30% commission but fully organize the process: marketing, guest reception, cleaning, and issue resolution. For retirees and those buying for themselves, long-term rental (from one year) or residence with a residence permit is optimal.
Obtaining a Residence Permit Through Property Purchase
An investment in housing from €250,000 (with an official appraisal) grants the right to a temporary residence permit. The required documents: sales contract, cadastral extract, police clearance certificate with apostille, proof of financial means (€3,600/year per person), health insurance. The residence permit is issued for 1 year with the right to renewal and allows living, studying, and doing business in Montenegro.
Bottom Line for the 2026 Investor
Buying an apartment in Montenegro today is an opportunity to enter the growing market of an EU candidate country at an affordable price. The key to success is choosing the right location for your goals, professional legal verification of the property, and a clear plan for its use (rental, residence permit, permanent residence). With a competent approach, your investment will yield a stable 5-8% annual return with the prospect of asset value growth of 7-10% annually.