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In 2025, buying real estate in Montenegro remains one of the most affordable and sought-after investment options abroad for Russians. The relatively simple procedure, lack of restrictions, transparent registration, and favorable treatment of foreigners make the country attractive for investors, families, and those looking to change their country of residence without complex bureaucratic procedures. Montenegro is not part of the EU, but is in the process of Eurointegration, which increases the investment attractiveness of the local market.
Stable prices, low entry threshold, high tourism potential, and solid rental yields make the country attractive for investors. In coastal areas, annual profit from short-term rentals reaches 6–8%, while property value growth remains stable at 5–7% per year.
Key advantages include lack of restrictions, direct ownership without the need for trusts or nominal owners, simplified registration system, soft tax regulation, and affordable fees.
Buying real estate in Montenegro remains one of the simplest and legally secure ways of investing in Europe for Russians, even in conditions of international instability.
Montenegro offers several geographical zones with different infrastructure, costs, and purposes. Most Russian buyers prefer the coast — combining a mild climate, access to the sea, and developed rental opportunities. Tivat and Bar are suitable for permanent residence, Budva and Herceg Novi for leisure, and the north of the country or the islands of Lake Skadar for tranquility and nature.
Buyers have access to all types of properties: apartments, villas, houses, land plots, or commercial spaces. Owning real estate not only provides comfort but also the opportunity to apply for residency, start a business, or rent out to tourists. This approach is especially relevant for those considering where to live in Montenegro, combining personal residence with investment benefits.
The procedure is simple and overseen by a notary and lawyer. No separate permission is required. The transaction is completed within 3–6 weeks if all conditions are met. Foreigners are not restricted from buying real estate in Montenegro — ownership for personal use is allowed. Land plots can be acquired through opening a company.
The main steps of the purchase:
Each step should be accompanied by legal support, especially if the property is on the secondary market or has encumbrances. Also, consider the language factor — many documents are in Montenegrin and require certified translations.
To complete the transaction, a minimal set of documents is required. All papers must be submitted in original with a notarized translation. The absence of a visa does not hinder the transaction, and obtaining a tax identification number takes just one day. Buying real estate in Montenegro involves straightforward bureaucratic procedures, making the process quick and accessible for Russians even during short stays in the country.
Additionally, consent of the second spouse is required if the purchase is made within marriage. Mandatory documents include a passport, tax identification number obtained in Montenegro, a sales contract drafted by a lawyer, a bank transfer payment certificate, notarization of the transaction, and registration in the cadastre.
The buyer receives an extract from the cadastre and becomes a full-fledged owner, possessing the same rights as the country’s citizens. Residency permit applications can be submitted immediately after registering the property in one’s name or under a legal entity. In the future, with conditions met, the path to permanent residency and citizenship becomes open, especially with long-term residence and stable income.
The financial aspect of the transaction includes several mandatory payments. The main property transfer tax is 3% of the amount specified in the contract. Additionally, fees for notary services, lawyers, registration fees, and translators are paid if parties speak different languages. Typical expenses include:
Overall additional expenses during the process can reach 5–7% of the property price. Payments are made in euros, requiring prior opening of an account in a local bank. Additionally, documents confirming the source of funds need to be prepared, especially for amounts exceeding 15,000 euros. These conditions accompany buying real estate in Montenegro and are important to consider when planning the budget for the transaction for Russians.
Russians benefit from a simplified acquisition scheme: they can own property registered to an individual or open a company to purchase land or commercial property. After property registration, applying for residency is allowed, provided a business is opened or income is confirmed. The standard procedure includes:
After five years of residence in the country, it becomes possible to apply for permanent residency, and with language and financial conditions met, for citizenship. Montenegro does not require renunciation of an existing passport, making buying real estate in Montenegro even more attractive for Russians as a first step towards legalizing status and obtaining a second citizenship.
For Russians, buying real estate in Montenegro remains a reliable way to not only acquire property by the Adriatic Sea but also gain opportunities for long-term residence, rental income, business registration, and migration prospects. The combination of easy processing, reasonable prices, European lifestyle, and the country’s openness makes Montenegro one of the best destinations for those seeking stability, a warm climate, and opportunities within Europe.
The pearl of Montenegro is famous for its beautiful coastline, mild climate and developed infrastructure. Property in Budva is increasingly attracting foreign investors, tourists and those looking for an ideal place to live. It is a location that combines the beauty of nature, culture and comfort of modern life.
Property in Budva is presented in a wide range: from modern apartments in new buildings to elite villas overlooking the Adriatic Sea. The market is oriented towards both local and foreign buyers.
Features:
The property market reflects both global and local trends.
Premium villas and luxury apartments with exclusive design and private pools are becoming increasingly sought after. Such properties are bought not only for living, but also as an investment for renting out.
Renting out flats and villas for short term stays brings the owners a high income during the tourist season. In July and August, luxury rentals reach their peak, generating profits of up to 8-10% per year.
With the growing popularity of green building, investors and developers are beginning to consider sustainable technologies. New projects often include energy-efficient systems and the use of natural materials.
Each neighbourhood in the city has its own unique atmosphere, infrastructure and price range, allowing you to choose the perfect place for a variety of purposes, from permanent residence to investment.
The historic heart of the region is full of culture and medieval atmosphere. Narrow cobbled streets, ancient stone buildings and cosy squares make this area truly unique. There are boutiques, cafés, restaurants and museums, creating the perfect blend of history and modern life.
Features of real estate in the Old Town of Budva:
Becici is a modern resort area known for its wide sandy beaches, which have been repeatedly awarded international prizes for cleanliness and convenience. The location is ideal for both holidays and long-term investments.
Features:
Sveti Stefan is a luxury resort with a secluded atmosphere. The area is famous for its premium villas and panoramic views of the Adriatic Sea. Sveti Stefan has become a symbol of elite holidays and status accommodation.
Features:
Rafailovici is a quiet and cosy area with affordable prices and developed infrastructure. This place is ideal for family living and long-term rentals.
Features:
The property market in Budva is diverse, allowing you to find options for every budget. The average cost of properties depends on the neighbourhood, type of housing and its characteristics:
Additional Costs:
The city has long established itself as one of the best places to invest in Montenegro. The constant tourist flow and growing demand for rentals make property in Budva a highly profitable asset.
Benefits of investing:
Investment risks and how to minimise them:
Property in Budva offers excellent opportunities for living, recreation and investment. The city in Montenegro attracts with its natural beauty, developed infrastructure and market growth prospects. Before buying, it is important to study all aspects, from the choice of neighbourhood to additional costs, to make the deal as profitable and safe as possible. Regardless of the purpose of buying property – whether it is an investment or searching for the perfect place to live, Budva remains one of the best options on the Montenegrin market.
