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Montenegro regulates the real estate market: new law on co-operation with agencies

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The government of Montenegro has drafted a bill that prohibits property owners from selling and advertising without the participation of agents. As a result, housing prices are predicted to rise, as sellers will be forced to use the services of intermediaries. The draft is currently at the discussion stage.

Property for sale in Montenegro 2,091 listings on Tranio
Three-bedroom penthouse on the first line from the beach in Rafailovici, Budva, Montenegro for 550,000 € 550,000 €
Three-bedroom penthouse on the first line from the beach in Rafailovici, Budva, Montenegro

Total area 230 m² 3 bedrooms

Modern apartments with sea and mountain views in a residential complex with a pool and a spa, Becici, Montenegro for From 138,000 € From 138,000 €
Modern apartments with sea and mountain views in a residential complex with a pool and a spa, Becici, Montenegro

Built in 2021 Total of 167 apartments

Furnished apartment with terraces and sea views, Becici, Montenegro for 160,000 € 160,000 €
Furnished apartment with terraces and sea views, Becici, Montenegro

Total area 99 m² 2 bedrooms

Luxury villa with a pool and sea views, Becici, Montenegro for 720,000 € 720,000 €
Luxury villa with a pool and sea views, Becici, Montenegro

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Prestigious beachfront residence with a swimming pool, a spa and a 5-star hotel, Budva, Montenegro for From 300,000 € From 300,000 €
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New villas with mountain views in Kavac, Tivat, Montenegro for 240,000 € 240,000 €
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The project is aimed at regulatory streamlining of the market, which, as authorities say, is struggling with low quality of services, lack of insurance and uncertainty in the legal field.

The acceptance of this law will lead to the formation of an official list of licensed property agents in Montenegro. In order to get the licence, all agents will undergo mandatory examinations and confirm their qualifications.

Source: Investitor

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