Apartments and flats for sale in Montenegro

Apartment in Montenegro with a residency permit

Montenegro, renowned for its picturesque coves, mountain slopes, the pristine Adriatic Sea, historical architecture, excellent ecology and high standard of living, has long been a hub for both tourists worldwide and foreign investments.

Property in Montenegro offers a range of options and attractive prices. From modest studios to luxurious penthouses, there’s something for everyone. The most popular choice among foreign b is apartments and flats for sale in Montenegro. On average, a 1-bedroom home costs around EUR 3,500 per square metre. Many dream of being able to purchase seaside flats for sale in Montenegro for around EUR 150,000, but there are certainly properties available at lower prices as well.

You have the option to buy an apartment in Montenegro and get a residence permit, whether for a promising investment or a comfortable stay.

To choose the most suitable option, you should consider several important factors:

• Location: Select the city or area that aligns with your lifestyle and preferences the most. Consider factors such as proximity to the sea, ease of transportation, the quality of local infrastructure and potential rental income. Pay attention to the tourist season and the nature of your visit. For instance, Budva is consistently busy, while nearby Becici experiences fewer tourists even during the summer;
• Financial plan: Estimate the total expenses by considering apartment prices in Montenegro, as well as additional fees such as taxes, utilities, maintenance and potential repairs. Be mindful of brand-new properties, which often come with lower prices and the option for interest-free payment plans by the developer;
• The type of real estate: Determine the type of property you need, whether it’s oceanfront apartments for sale in Montenegro, a downtown studio or a large penthouse overlooking the sea. Pay attention to factors such as layout, sound insulation quality, security systems and additional amenities like terraces and parking spaces;
• Infrastructure and services: Evaluate the amenities offered in the housing development, including pools, gyms, security and concierge services, as well as the condition of the property and the surrounding neighbourhood. These factors will enhance your comfort during your stay and boost the property's resale or rental value;
• Assistance with legal matters: Ensure that the overseas property is legally clear and free of any encumbrances.

Purchasing flats in Montenegro allows foreigners to obtain a residence permit. To do so, they must contact the migration service and submit all the necessary documents within 30 days. They can obtain a residence permit with the option to extend it, regardless of the cost of apartments in Montenegro.

By purchasing apartments in Montenegro for investment, you gain the opportunity to legally stay in the country. After residing in the country for five years, you can apply for a residence permit in Montenegro by buying an apartment.

Residence permit in Montenegro by buying an apartment

Obtaining a residence permit in the republic is advantageous for both entrepreneurs and individuals as the country offers some of the lowest tax rates in Europe:

• 9-15% corporate income tax;
• 15-23% tax on personal income;
• 9% capital gains tax;
• 15% tax on dividends.

Numerous foreigners are eager to capitalise on these benefits by investing in real estate in the area, particularly in an apartment for sale in Montenegro, which is the easiest to convert into profit. When you buy a property in one of the stunning Balkan Peninsula countries, you receive more than just a lovely climate and welcoming expat community; you also gain a residence permit in Montenegro through a property investment. There is no minimum investment amount required by law and the residence permit can be extended after its initial one-year issuance.

Investment apartment in Montenegro

Montenegro was included in the FORBES list in 2024, ranking among the top five countries to invest in affordable properties.

Housing prices are significantly lower than in neighbouring European countries and the profitability of an investment apartment in Montenegro remains consistently high. Additionally, you can always resell your property profitably due to the ever-growing demand.

Renting out residential property generates annual returns for investors ranging from 5% to 10%.

The cities considered the most attractive for investment are listed below:

• Budva. Apartment prices have been rising steadily each year, making Budva an attractive place for investors focused on stable passive income. It’s especially advantageous to rent out a house in the summer season. The cost of flats in the area ranges from EUR 50,000 to EUR 500,000. Flats in new complexes equipped with modern technologies and furniture typically cost about EUR 120,000. Budget-friendly real estate options can also be found in Budva, such as off-plan residential complexes, which can be sold for 30% more once completed.
• Kotor. Due to the unique characteristics of the area, there are significant prospects for the development of ski resorts in Kotor, which attracts numerous investors to the city. Although flats and commercial properties are more expensive here than in other northern regions of the country, the potential benefits of tourism development promise significant price increases in the future. The average cost per square metre in the location is EUR 2,600.
• Podgorica. Podgorica is the country’s business hub. Despite the city’s dynamic development, apartment prices are lower here than on the coast. However, considering the overall economic growth, property prices are expected to rise, making this city an attractive investment destination for buying a flat in Montenegro. The cost per square metre of housing is about EUR1,200. You can purchase a 3-bedroom apartment in Montenegro with a residency permit in a respectable area of Podgorica for EUR 120,000.
• Tivat. Tivat is a coastal city known for its yacht clubs and stunning harbour, considered one of the most beautiful on the Adriatic coast. Exclusive residential and commercial real estate are located here, including some of the most luxurious villas in Montenegro. Apartment prices start at EUR 6,200 per square metre. However, you can still find more affordable options here, such as studios of 22-24 square metres for EUR 110,000.

If you’re considering obtaining a residence permit in Montenegro by buying an apartment, whether for investment purposes or leisure, the significant economic progress in the real estate market and its consistent expansion in this gem of the Adriatic Sea ensure that your property businesses will be profitable and prosperous.