Property buying guide for Montenegro
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Buying and Registering

Buying and registering property in Montenegro

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.

How it works in Montenegro:

1. Find a property. A local real estate agency offers properties that match your preferences as a buyer. The city, district and your budget are the main things to take into account. Once you have found one or more options that interest you, the agency will arrange viewings. Don’t hesitate to ask your real estate agent any questions about the property, payment procedures or potential discounts.

The real estate agent's fee is 3–5% of the purchase price. The buyer may engage a lawyer (€1,000–1,500) to facilitate the transaction. It costs about €50–120 to obtain power of attorney for a lawyer.

2. Negotiate the deal. The parties decide the details, terms and conditions of the proposed transaction. You can also check out the land registry records to make sure your future property has been erected with the correct construction permit, that the property rights are valid and there are no encumbrances or tax arrears. You will need a valid passport and the seller should be able to provide a property title (list nepokretnosti) and excerpts from the local land registry. A sale by a legal entity will also require the documents of incorporation. All these documents need to be translated by a certified court translator. Fees for interpretation services are about €50 per hour and translations cost €20 per page.

3. Sign the preliminary sales contract (predugovor). You are expected to make a down payment (kapara) amounting to 10% of the purchase price. Your deposit is non-refundable and if you change your mind and decide not to buy the property, it cannot be used to buy a different property. If the seller cancels the transaction, they must pay twice the amount of the deposit to you. No preliminary contracts are required if you want to make a full payment immediately.

4. Sign the final sales contract (glavniugovor). The sale is executed by a notary who certifies the sales contract and other transaction documents while the seller confirms their property rights with local authorities. A court (osnovni sud) seals the signatures on the document. We advise you to make an appointment with the notary well before the transaction and submit the documents for review at least three days prior to the signing. 2–5 days may pass between submitting the documents and signing the final sales contract. Notary fee varies depending on the purchase price of the property.

5. Pay off your property. Full payment is generally made within one month of finalizing the deal, but it is not uncommon in Montenegro to stage the payments by installments over a long period of time.

Once the payment has been accepted, you will also need to get proof of the transaction (clausula intabulandi). This receipt acknowledging the payment and the sales contract will allow you to record the property title transfer with the land registry, becoming the official owner of your new home. Registration can take up to 60 days to complete.

6. Pay the property tax. The notary will send a copy of the sales contract to the tax authorities who will evaluate the property based on the contract and market prices. You will then have to make a one-off property tax payment, generally about 3% of the purchase price, within 15 days of receiving notice from the tax authorities. While property built by individuals is subject to property tax, first-time buyers who have purchased property from a developer are exempt from this tax.

7. Get the property deed. Once you have registered your property, you or your legal representative can apply for the transfer deed. It takes 8-10 days for the land registry to issue the title (list nepokretnosti) after you have filed your application.

Contractual price
of property
Notary's fee
up to 5,000 70
up to 5,000 70
5,001–20,000 120
20,001–40,000 170
40,001–60,000 250
60,001–80,000 300
80,001–120,000 350

*Prices are quoted net of VAT (19%)

Property buying guide for Montenegro
Article 2 of 6
Tranio’s managers offer advice on buying real estate in Montenegro
Svetlana Larionova
Svetlana Larionova
Real Estate Expert Tranio in Montenegro
+44 17 4822 0039
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