buying

Purchasing a property in Montenegro (how to)

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Purchasing a property in Montenegro is a simple process. We there to ensure your purchase runs as smoothly as possible. How to purchase the property in Montenegro step by step: Once you decide which property you wish to buy, we help negotiating the price acceptable to you and the vendor. Then we recommend to appoint a lawyer (licensed in Montenegro)…

The cost of buying property in Montenegro

Apart from agreed purchase price the main costs of the purchase are: 3% purchase tax and the legal fees. We advise our clients to add 4-5% on top of the purchase price for the overall costs. Here are more details: Purchase tax or title transfer tax is 3% of the value of the property which is determined by the tax…

What are the bank charges for money transfers in Montenegro?

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Bank transfer charges to and from abroad to an individual’s private account in Montenegro are as follows: CKB bank FX inflows (loro remittances) The fees charged by the Bank to receive the funds from abroad depend on the inflow amount, and they are as follows: –  amounts up to EUR 3,000 – 1% of the amount –  amounts from EUR…

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% interest rate over 1 to 25 years. For more information please contact us at info@montenegroprospects.com

Buying off plan, Is it different if the property hasn’t been built yet?

Yes it is a little different to buying a completed property, in that paying for the property will usually be in instalments, and everything planned needs to be specified in advance. An outline is below. Please email info@montenegroprospects.com for more details on a particular project. Negotiate a price acceptable to you and the developer Place a deposit on the property…

What is the process for buying a property in Montenegro?

What is the process for buying a property in Montenegro? Purchasing a property in Montenegro is a simple process and we do everything we can to ensure your purchase runs as smoothly as possible. An outline of the process is set out below, but each sale is different and these are only general guidelines, Please email info@montenegroprospects.com for more details Negotiate…