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. The results are very interesting: The majority of our clients believe it will take from 12…
Update: more information on the impact of the COVID-19 pandemic on property market in Montenegro you can find here Report for Q1 2020 (before the Coronavirus crisis) Despite the Coronavirus crisis and the effect it will have on the markets worldwide I would like to share with you the analysis of the house prices on the coast of Montenegro for…
The government of Montenegro will set no minimum price paid for property by foreign citizens who would like to obtain a residency permit. It will be possible to get a one year residency permit based on ownership of the property regardless of its value. Each year the permit can be extended.
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…
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…
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