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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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