The overall process of buying properties in Montenegro is not very complicated, however, it has its own peculiarities that you should be aware of before the acquisition. Foreigners and legal entities can purchase a property without problems if it is for business purposes. Residential properties with land can also be bought by foreigners but only through a company, meaning you have to register a firm first and then proceed further. An individual can get ownership of this new property afterwards following a simple procedure.
Prices of properties in Montenegro are quite high
Montenegro is a very attractive country that draws a significant number of tourists every year due to its rich culture, mild climate and absolutely fascinating coastal resorts and islands. The idea to buy an apartment or holiday house to rent out is quite appealing, though you have to be ready to pay the price for it. One of the famous coastal resorts in Montenegro is Budva and it has seen a lot of new developments last years. The property prices there, however, are considered to be among the highest in the country with an average of €1,500 per sq.m. To get a house on the coastal area can cost you even more than €2,800 per sq.m., so get ready to pay the price for the breathtaking scenic views that Montenegro offers.
Additional fees beside the price you pay for a property in Montenegro
As everywhere else, in Montenegro you pay additional fees on top of the property price. The good news is that unlike the high rates of housing estates, the additional costs are considered to be acceptable and even low. The buyer pays transfer tax of 3% for old properties or 19% VAT on new built and the notary and legal fees, while usually the seller covers the real estate agent’s remuneration.
Choose the best property in Montenegro
Montenegro has it all – no matter if you are looking for a 6-bedroom penthouse in Budva or a holiday villa or a small flat in Kotor. There are many apartment complexes on the coastal line, which offer excellent holiday retreats for those who can afford the slightly high prices. If your budget is restricted, then we can suggest going a bit inland and getting yourself a nice province house.
Make your choice at our website
https://www.domaza.co.uk/properties_in_montenegro/ .
Requirements for purchasing 
