
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.

The Montenegro citizenship by investment program was once one of Europe's relatively small number of investor citizenship schemes. It allowed qualifying foreign applicants to obtain Montenegrin citizenship after making a government contribution and investing in an approved development project.

Selling property in Montenegro involves more than finding a buyer and agreeing on a price. Owners need to prepare the property's legal documentation, establish a realistic market value, negotiate the terms of the transaction, complete the required notarisation and address any tax obligations arising from the sale.

The Montenegro real estate market has experienced substantial growth in recent years, supported by rising property prices, foreign demand, tourism and continued development along the Adriatic coast. The market is relatively small, but it includes several distinct segments, from luxury resort residences in Tivat and Kotor Bay to holiday apartments in Budva and year-round residential property in Podgorica.

Montenegro has become an increasingly visible destination for international property buyers looking for a combination of Adriatic lifestyle, tourism-driven rental demand and comparatively accessible entry prices. For investors considering Montenegro real estate investment, the market offers several distinct strategies, from holiday apartments on the coast to luxury residences, long-term rentals in Podgorica and development opportunities.
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Montenegro citizenship gives a person full legal membership of the country and, once citizenship is established, the right to apply for a Montenegro passport. Citizenship should be distinguished from temporary or permanent residence: a foreigner can live legally in Montenegro for many years without automatically becoming a citizen.
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Tranio reviews residence permit in Montenegro, the ways to get it and all of the requirements.
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Taxes in Montenegro are relatively moderate by European standards, but the country is neither generally tax free nor a classic tax haven. Individuals, companies, property owners and investors can be subject to different taxes depending on their residence status, source of income and type of activity.
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Montenegro real estate prices have risen substantially in recent years, particularly in Podgorica and the coastal municipalities. The market remains highly fragmented: the price of a small apartment in Bar or an older house inland can be several times lower than that of a waterfront apartment or villa in Tivat, Budva or the Bay of Kotor.
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Buying property in Montenegro is open to international buyers and has become increasingly popular among people looking for a holiday home, permanent residence or real estate investment on the Adriatic coast. Foreign nationals can generally purchase apartments, houses and many other types of real estate, although restrictions apply to certain categories of land and protected property.
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Foreign buyers do not necessarily need to purchase real estate in Montenegro entirely with cash. A Montenegro mortgage for foreigners is available through some local banks, although eligibility varies significantly depending on the applicant's residence status, employment, income, nationality and the property being purchased.

As of the beginning of 2023, the activity of Russian-speaking property buyers in various foreign countries has more than doubled compared to activity levels at the beginning of 2022.

The authorities of Turkey and Georgia reported a record number of real estate deals concluded by Russians in these countries during the 12 and 9 months of 2022, respectively. The high activity of buyers from Russia was noted by official sources from Thailand and Spain based on the data on registration of ownership rights in 2022.
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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
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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.