Listed below are some of the main advantages of purchasing property in Montenegro:
- You will have the opportunity of real estate investment in the cleanest part of the Adriatic. The coastline is not overcrowded with giant hotels and noisy restaurants. The sea itself is much cleaner on the eastern Adriatic coast than on the western one. That is why Italians prefer beaches of Montenegro when going on holidays
- An all year round mild climate is attractive for tourists. The coast is planted with palm trees, cypress and olive groves, cedars and pomegranates. You can see cottages, apartments, villas and other real estate for sale objects placed comfortably in their shadows.
- Real estate investment opportunity in Montenegro is enhanced by relatively little birocracy involved into the registration of real estate for sale and purchase, the whole procedure takes just a couple of days.
- Favorable taxation for owners of real estate compared to Spain, France, Italy, Greece or Cyprus.
- Real estate, construction and finishing works prices in Montenegro are much lower than in any other EU country
- Finally, the consistent increase of real estate prices makes any property acquisition an eligible investment opportunity. A villa, an apartment, a house, a cottage and, in fact, any kind of real estate for sale on the Adriatic seaside, can bring in a steady income to you by renting it. Or you can simply wait for the prices to go up and sell it.
Buying Property in Montenegro
In order for foreign citizens to complete a sale, their country of origin must have a reciprocal agreement with Serbia and Montenegro. In the case of Britain and Ireland such an agreement exists.
Selling and buying property in Montenegro comes without restriction and is regulated by law and is legally secure. Ownership is guaranteed and in that respect there are no specific limitations, the only exception being public properties such as streets, squares and public objects of special importance.
One of the most important aspects of your property purchase in Montenegro is establishing that the property has 'clean title' - In other words, the seller has legal authority to sell the property and there are no pending claims on the property before the courts. Over the years, the property administration system has lacked an effective method of tracking ownership of land and/or buildings. It is therefore important to ensure you deal with an independent lawyer in Montenegro when purchasing property there.