€4 million
Penthouse in Budva on the first coastline
Property Investment in Montenegro as a Foreigner
Foreigners can buy and sell real estate or rent it out with few restrictions. Foreigners are prohibited from buying agricultural land and forests or owning cultural monuments and properties near the country’s borders.
The most expensive and sought-after real estate is in the resort areas of Budva, Herceg Novi, and Tivat.
€2,100
Average price per 1 m²
24%
Inflation-adjusted price growth in 2024, year-on-year
3.02—19.02%
Associated costs, of the property value
How the residential property price index is growing in Montenegro
Cost of a 3-bedroom apartment in Montenegro
€1.2 million
Apartment in Budva on the first coastline
€350,000
Apartment in Budva in a 10‑minute walk from the sea
Real estate in Montenegro
53 m²
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Montenegro residency or citizenship by real estate investment
Owners of residential or commercial real estate can get residence permits. The value of the property does not matter. A residence permit is issued for a year with the possibility of extending an unlimited number of times while the property is owned.
Until the end of 2022, Montenegro had a citizenship by investment program. The investor bought a share of €250,000 in a commercial development project, a resort complex or a hotel and contributed €200,000 to a government fund.
Nowadays, there is no direct path to citizenship by investment. Investors are granted citizenship by naturalisation after 10 years of continuous residence in the country with a residency permit.
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Countries to buy a property and get residency or citizenship
We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.
Country
Property investments
Status
Obtaining time
€375,000+
Permanent residency
6+ months
Show 11 properties
€375,000+Permanent residency6+ months
AED 750,000+
Residence permit
2+ months
Show 154 properties
AED 750,000+Residence permit2+ months
Not limited
Residence permit
4+ months
Show 36 properties
Not limitedResidence permit4+ months
Not limited
Residency after D Visas
6+ months
Show 73 properties
Not limitedResidency after D Visas6+ months
40+ guides with European countries
Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.
Property Investment in Slovakia as a ForeignerForeigners can freely buy, lease, and sell real estate in Slovakia.
€3,800
Average price per 1 m²
2%
Average price growth per quarter
Property Investment in Romania as a ForeignerThe sale of apartments to foreigners in Romania isn’t limited: they can freely purchase, rent out, and sell properties.
€1,528
Average price per 1 m²
1,3%
Average price growth per quarter
Property Investment in Norway as a ForeignerForeigners can freely buy, lease and sell housing and commercial real estate in Norway.
€5,266
Average price per 1 m²
1,2%
Average price growth per quarter
Property Investment in Luxembourg as a ForeignerForeigners can freely buy, sell and rent out real estate in Luxembourg.
€10,500
Average price per 1 m²
2.6%
Average price growth per quarter
Property Investment in Latvia as a ForeignerForeigners can freely buy, sell and rent out real estate in Latvia. The sale of land to foreigners is limited: to buy a plot with a...
€2,500
Average price per 1 m²
250 000 €
Real estate investment for residency
Property Investment in Iceland as a ForeignerForeigners can buy, lease and sell properties without restrictions in Iceland. The sale of land to foreigners is prohibited. The land on...
€4,405
Average price per 1 m²
2,5%
Average price growth per quarter
Material prepared by Igor Buglo, Head of the Maltese office, MBA
Updated:
Frequently asked questions
Average price per 1 m² of housing in Montenegro is €2,100.
Investing in property in Montenegro can offer several potential benefits.
Montenegro’s tourism industry has been growing steadily in recent years, driven by its stunning natural landscapes, historic sites, and coastal attractions along the Adriatic Sea. Properties in popular tourist destinations such as Budva, Kotor, and Tivat may offer opportunities for rental income, especially during the peak tourist season.
Montenegro is a candidate country for European Union membership, which could potentially lead to economic benefits and increased investor confidence in the long term. EU accession could also attract more foreign investment and drive demand for properties in Montenegro.
Yes, foreigners can buy real estate in Montenegro without restrictions, both residential and commercial properties.
Montenegro has a relatively liberal legal framework regarding property ownership by foreign nationals. The country encourages foreign investment in real estate as part of its economic development strategy, particularly in the tourism sector.
Coastal areas such as Budva, Kotor, Tivat, and Herceg Novi are popular tourist destinations with scenic landscapes, historic sites, and vibrant cultural scenes. Investing in properties in these areas can offer opportunities for rental income from tourists, especially during the peak summer season.