Buying guide

The acquisition and ownership of real estate in Montenegro is regulated by the Law on Proprietary and Ownership Rights of Montenegro which regulates proprietary rights since 2009. This law prescribes as general principle that foreigners may acquire real estate in Montenegro in the same way as Montenegrin citizens. However, the Law also prescribes the following exemptions in respect to acquiring real estate ownership rights by foreigners: natural resources, goods in general use, agricultural land, forest and forest land, a cultural monument of great and special importance, immovable property in a land-border area to a depth of one kilometer and islands, real estate which is located in an area which is to protect the interests and security of the country, legally declared an area in which a foreign person cannot have a property right.

Note: Exceptionally, a foreigners may acquire the right of ownership of agricultural land, forests and forest land with area of 5.000 m2 only if the contract on alienation (purchase and sale, gift, exchange, etc.), residential building located on that land.

Foreign nationals buy property in Montenegro directly from owners or using the services of real estate agents. There is a large No of real estate agents in Montenegro including local and foreign agencies. The agencies predominantly work as sellers agents with some exceptions and they charge commissions mainly from sellers. The commissions vary but a wide spread commission rate is 5% of the achieved price.