Help & Advice - Montenegro Prospects
Are there any taxes to pay?
The most important is purchase tax, which is 3% of the value of your property – valued by the tax office regardless of the purchase price on the contract. Purchase tax is payable as soon...
Land registry in Montenegro - OnLine database
Land registry database in Montenegro is completely online and it is open for public access. Property deeds can be checked...
Are there any loans available for non residents?
Two banks in Montenegro offer loans to non-residents for buying a property in Montenegro:
CKB bank and ERSTE bank. Typically, the mortgages are 50% LTV (loan to value) at approximately 5%...
Evaluation of second homes in Montenegro
There are three basic factors that we need to consider when talking about the value of properties on the coast of Montenegro
2. State of the property
3. State of the market
Is there a double taxation treaty between Montenegro and my country?
Montenegro has so far signed 42 double taxation treaties with various countries on income and property. 36 treaties (6 are pending) are now in force with: Albania,..
What are the bank charges for money transfers in Montenegro?
Bank transfer charges to and from abroad to an individual’s private account in Montenegro are as follows:
FX inflows (loro remittances)
A survey on the impact of the COVID-19 pandemic on the property market in Montenegro
Montenegro Prospects has conducted an extensive survey on the impact of the COVID-19 pandemic on the property market in Montenegro. The survey was conducted by more than 1.500 of our clients (sellers and potential buyers) from EU countries, UK, Russia and the region.
Houses for sale in Montenegro - Prices report
Update: more information on the impact of the COVID-19 pandemic on property market in Montenegro you can find...
Bar real estate – market review
Bar is a modern, coastal town that has been intensely developing since the ‘70s. It has a great microclimate with on average 270 sunny days. Thanks to its wide boulevards, ample parking, large marina and its port, Bar has developed infrastructure. It is well connected with...
Report on the prices of the land on the coast of Montenegro – Q4 2019
Update: more information on impact of COVID-19 pandemic on the property prices you can find..
Perast real estate - market overview.
Perast is located in the center of the Boka Kotorska Bay just across the Verige strait on the sunniest part of the Bay. Its architecture is typical of the towns that flourished during the reign of the Venetian Republic, and represents the mixture of the venetian style and ..
Report on the prices of the apartments on the coast of Montenegro - Q3 2019
The methodology we used is normal distribution of the 70% statistically relevant properties that are for sale in our data base.
Pdf version available here:
Legalisation of illegal structures in Montenegro
Legalisation procedure of illegal structures in Montenegro. The deadline to submit requests for the legalisation procedure of illegal structures in Montenegro expired on the 16th of July 2018. According to the records of the Ministry of Sustainable Development and Tourism
New York Times: House Hunting in ...Montenegro
This 350-year-old villa in Perast amazes even The New York Times - they wrote the whole story about it and asked our agent Ivana Vukicevic to explain buying basics for Montenegrin market to all luxury lovers and Mediterranean aficionados!
The Sunday Times on property in Budva
The Sunday Times interviewed our head of marketing, Andrea Marston. Read 'A tale of three cities' - about Budva, spectacular Montenegrin coastline and emerging property market which attracts many Britons in search of the sunny seaside
Property market report 2014/15
Montenegro is slowly becoming a very desirable destination for high end buyers.
Daily Mail: Megayachts, millionaires and mourning Tito: How Montenegro embraces luxury while celebrating a simpler past
Daily Mail on Montenegro:
5 things you should do when buying a property in Montenegro
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
What is being sold on the coast of Montenegro
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Sprucing up a Balkan Bay, a feature in the New York Times on Montenegro
Sprucing up a Balkan Bay, a feature in the New York Times on the boom in luxury marina construction in the last five years, you can find full article <a href="http://www.nytimes.com/2014/06/02/business/international/in-montenegro-sprucing-up-a-balkan
Getting rental permit in Montenegro
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Orascom plans for Mamula
The Orascom Company which is developing Lustica Bay Resort is interested in developing the small island of Lastavica and the Mamula fortress situated on it. Orascom participated in the tender held by the government of Montenegro.
Montenegro property market report 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.