Buying property in Montenegro – all you should know

Yes, foreigners can buy property in Montenegro. The country offers attractive property ownership for international buyers, with clear rights and no residency hurdles. It is an excellent location for international investors. Small in scale, yet formidable in spirit, this Southeast European nation has a lot to offer, from its breathtaking coastline to its mountainous landscape.

The country provides a tax structure that is ideal for real estate investment. Foreigners who want to buy property in Montenegro must acquire a TIN (tax identification number). This number is mandatory and allows for property registration, paying taxes, and opening a bank account.

Foreigners who purchase property in Montenegro are subject to the same property taxes as locals, including a transfer tax of 3% of the purchase price. The buyer is liable for paying this tax, as well as an annual property tax ranging between 0.25% to 1% based on the location and value of the property.