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5 things you should do when buying a property in Montenegro

Blog - 20/08/2014

1. Get to know the country and the areas 2. Use a reputable agency 3. Use a lawyer 4. Do your due diligence 5. Be prepared to be flexible or compromise on some of your wishlist – Visit the country, visit different areas and locations to  determine where you would like to buy a property. Drive/walk around to get a…

What is being sold on the coast of Montenegro

Blog, Market Trends - 15/07/2014

The Montenegrin coastline is not long, only approximately 300 km from one border to another. Yet when you drive along the coast it feels as if you have traveled from Venice to Turkey in just a few hours. Kotor old town and Perast have a distinctly Venetian feel and architecture, Budva is truly Mediterranean and when you reach Ulcinj you…

Guide to Montenegro bank charges June 2014

Blog - 18/06/2014

Bank transfer charges from abroad to an individual’s private account in Montenegro are as follows: (These are the charges of local Montenegrin banks only. There are additional costs levied by the sender’s bank.) CKB bank Up to 3.000 EUR – 1% or 3 EUR minimum From 3.000 EUR to 50.000 EUR – 0,5% From 50.000 EUR – 0,3% ERSTE bank…

Getting rental permit in Montenegro

Blog - 04/06/2014

Or more precisely:  “How I got a rental permit for my flat in Tivat.”   The first thing I had to do was check what was needed legally – According to Article 109 in Tourism Law, rental of private accommodation is allowed by individuals whose properties have up to 7 bedrooms and/or 15 beds.   Since my apartment is much…

Tourism in Montenegro is predicted to continue growing rapidly

Blog, Montenegro News - 31/03/2014

According to latest World Travel & Tourism Council (WTTC) report, Montenegro is still the number one country in the world in terms of real and long term growth in the Tourism industry. The direct contribution of Travel & Tourism to GDP was EUR348.7mn (9.8% of total GDP) in 2013, and is forecast to rise by 12.6% in 2014, and to…

Montenegro property market report 2013

Blog, Market Trends, Montenegro News - 23/12/2013

The property market on the Montenegro coast is largely dependent on foreign buyers, who are buying holiday home, which they may choose to also rent out on holiday lets. Newly built properties are more popular than traditional stone ones, but buyers are increasingly looking for high quality construction. The Budva Riviera and Kotor Bay are the most popular areas, with…

My experience with Land Registry Budva

Blog - 17/12/2013

In December 2012  we bought a small apartment in Budva.  The signing of the purchase contract and the buying process was conducted quickly and efficiently in the notary’s office in Budva, after which they submitted the paperwork to the Land Registry office to change the ownership title.  Very soon after, we received the Resenje, a document issued by the land…

Is now the right time to buy in Kotor old town?

Market Trends - 06/11/2013

Kotor is a beautiful town with distinctly Mediterranean architecture, charming squares and history around every corner. It’s no wonder it was so popular with English and Irish buyers in 2005 to 2007. During this period prices doubled then tripled reaching 3.000 to 4.000 EUR/m2. However, the credit crunch changed the situation significantly. Along the coast, house prices have decreased by…

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