Real Estate in Montenegro

Zero — MDRealty charges no commission to buyers. The agency fee is paid by the seller, so the buyer receives property search, legal guidance and the closing process at no cost beyond the property price and statutory taxes.

Yes. Foreign individuals and companies can buy almost any residential or commercial property on the same terms as Montenegrin citizens. Restrictions apply only to agricultural land over 5,000 m² and land in border zones — those require a locally registered Montenegrin company.

Secondary market: 3% real estate transfer tax (PPN) on the contract value. Primary market (direct purchase from a developer): 21% VAT is already included in the price and the 3% transfer tax does not apply. Additional costs include notary fees (typically 0.01–1% per the official tariff) and cadastre registration.

Property ownership entitles the owner to apply for temporary residency (privremeni boravak) for one year with annual renewal. Standard documents: purchase contract and cadastre extract, valid health insurance, proof of income or funds, and a clean criminal record certificate from the country of citizenship.

Indicative 2026 ranges: Budva €2,500–6,000+/m² (old town and seafront higher), Tivat €3,000–7,000+/m² (Porto Montenegro and Lustica Bay above average), Kotor €2,800–5,500/m², Becici €2,200–4,500/m². Prices depend on district, year of construction, view and distance to the sea.

A passport, the purchase contract in Serbian (with translation if needed), the cadastre extract (List nepokretnosti) for the property, notarized closing, and a Montenegrin tax ID (PIB) for sale registration. Payment is by bank transfer — cash settlement of real estate transactions is prohibited.

Typical timeline: 3–6 weeks. Reservation takes 1–3 days, legal due diligence 1–2 weeks, notarized closing one day, registration of ownership in the Montenegrin cadastre another 2–4 weeks depending on the region.