For Russians, Canada and the US are the top destinations to immigrate to in 2021. At the same time, Russian citizens would prefer to own real estate in Turkey or Spain and to retire in Germany
In 2019, the government of Montenegro launched a citizenship by investment programme in order to increase the economic activity of foreign investors. The programme was intended to last 3 years and already closes this year. Foreigners have time to apply until December 31 but we advise you to do it as soon as you can.
Closed borders and lockdowns have made it nearly impossible to buy and sell international real estate as before the coronavirus pandemic. Nevertheless, the sales team of real estate brokerage Tranio found a way to fulfil their plan and carry out cross-border real estate transactions remotely.
To obtain a Montenegrin passport, investors must buy local property for €250,000 in the north of the country or €450,000 in the south and put €100,000 into a special fund for national development.
Real estate maintenance costs in Montenegro are rather low for Europe. For example, the owner of a two-bedroom apartment in a modern residential complex who lives there from May to October would only pay about €1,500 per year to maintain the property.
Montenegro, the little explored ‘gem of the Adriatic’, has ancient cities and bays nestled in the coastal folds of its majestic mountains. With reasonable prices and many locations to choose from, there’s property in Montenegro for everyone.
Studying in Montenegro has the advantage of low tuition fees, low competition to get in along with diplomas recognised in Europe.
Tranio reviews residence permit in Montenegro, the ways to get it and all of the requirements.
Taxes in Montenegro are relatively low. Individuals pay income tax at 11% if their monthly income is above average (about €750 a month) and at 9% if it falls below. Such rates apply to both residents and non-residents.
Montenegro is popular among tourists for its natural beauty, historic sites and ancient cities of Kotor, Herceg Novi and Tivat. Tranio reviews real estate prices and sought after destinations.
It is relatively difficult for foreign nationals to obtain real estate loans in Montenegro. Erste Bank is the only bank that works with foreign buyers; however, it only grants loans to foreigners who have residence permits.
For overseas property investors that have been shaken by recent terrorist attacks and other security threats, Tranio weighs in on some of the world’s most tranquil property markets.
Do you have £55,000? You can buy property in Europe, including fees, without going over budget. Read on to find out the best places to find a cheap holiday home in Europe.
Money is flooding into European commercial property markets. This article by Tranio expert, Yulia Kozhevnikova, reviews the top trends, destinations and segments to look at this year.
Bulgaria and Montenegro have many attractive features for holiday home buyers. This article by Tranio explores the pros and cons of each country.