FREQUENTLY ASKED QUESTIONS

Find answers to common inquiries about property in Montenegro.

Can foreigners buy property in Montenegro?

Yes. Foreign buyers can purchase property, subject to legal verification, notary registration, and local approvals. Our team guides you throughout the process to ensure everything is secure and compliant

Is Montenegro a good place to buy property?

Absolutely. Montenegro offers exceptional value as a real estate destination. With low property taxes, competitive pricing compared to other Mediterranean hotspots, high tourism demand, and an ideal coastal location, it presents a compelling opportunity for lifestyle buyers and investors alike. At Montenegro Sotheby’s International Realty, we connect you with the finest properties in this dynamic market.

How can I obtain Montenegrin citizenship through investment?

Montenegro’s Citizenship by Investment Program allows applicants to obtain citizenship by contributing €100,000 to a government fund and investing in government-approved real estate projects. The required real estate investment starts at €250,000 in the northern region and €450,000 in the southern region. We can assist you in selecting eligible properties that meet the program’s criteria.

How much is property tax in Montenegro?

Property tax in Montenegro typically ranges from 0.25% to 1% annually, depending on the property’s market value. This tax is paid by the individual who has use of the property, which may not always be the legal owner. We ensure our clients are fully informed about all applicable taxes and costs when purchasing real estate.

What types of properties do you specialize in?

We specialize in high-end real estate across Montenegro, including waterfront villas, luxury apartments, investment properties, and exclusive residences in areas like Porto Montenegro, Budva Riviera, and the Bay of Kotor.

What makes Montenegro Sotheby’s International Realty different from other agencies?

As part of the globally recognized Sotheby’s International Realty network, we offer exclusive access to the finest properties in Montenegro, combined with unparalleled service, local expertise, and a trusted international brand reputation.

What are the steps to buy a property in Montenegro?

1. Property selection with our agents
2. Legal and financial verification
3. Signing the preliminary contract
4. Notary registration and payment
5. Transfer of ownership and final documentation

We provide full support in every step.

How long does the buying process take?

Typically 4–8 weeks, depending on property type, buyer nationality, and document verification. Complex cases may take longer.

Are there taxes or fees for buyers?

Buyers generally pay:
- Transfer tax (3%-6% of property value)
- Notary and registration fees

Our team provides a detailed breakdown for each property.

What are the best areas for luxury real estate in Montenegro?

Top areas include:
- Budva Riviera – luxury villas and beachfront apartments
- Kotor Bay – historic townhouses and waterfront properties
- Porto Montenegro & Tivat – luxury marinas and high-end branded residences
- Luštica Bay – Marina Village and Centrale zone, first golf residences in Montenegro
- Portonovi & Herceg Novi

Can Sotheby’s help with property management or rentals?

Yes. We can assist in finding tenants for your property and provide guidance on rental procedures. Our team is also available to advise on any technical or legal aspects of renting.

Are properties in Montenegro a good investment?

Montenegro’s luxury market offers strong potential due to tourism growth, EU integration prospects, and limited supply in premium locations. Our agents provide detailed market insights for each property.

Can I get financing or a mortgage in Montenegro?

Foreign buyers may access local or international financing. Our team can connect you with trusted banking partners and guide you through the process.

Are there currency restrictions for international buyers?

No. Buyers can transfer funds in EUR (official currency) without restrictions. We recommend using legal channels and bank guidance to ensure compliance.

How do I start working with Sotheby’s Realty Montenegro?

Contact our office via phone, email, or website form. Our agents will schedule a consultation, discuss your requirements, and guide you through property selection.

What standards do Sotheby’s agents follow?

Our agents follow the Sotheby’s International Realty global standards: professional service, confidentiality, local knowledge, and full assistance from selection to closing.

How can I get more detailed information about a property?

Each listing has a full description, photos, and key documents. You can request additional details, virtual tours, or a personalized consultation from our team.