Montenegro House Prices and Montenegro Houses for Sale and Rent
Montenegro House Prices and Montenegro Houses for Sale and Rent
Montenegro is one of the most affordable countries in Europe in terms of house prices. The Montenegrin real estate market shrank by 30% during the COVID-19 pandemic, but prices have returned to normal levels since the second half of 2021.
Average house prices in some cities in Montenegro are shown in the table below.
| City | Location | Average price (per 100 m²) |
|---|---|---|
| Podgorica | Town center | 157,000 euros |
| Podgorica | Off-center | 113,000 euros |
| Herceg Novi | Town center | 225,000 euros |
| Herceg Novi | Off-center | 128,000 euros |
| Budva | Town center | 212,000 euros |
| Budva | Off-center | 147,000 euros |
| Kotor | Town center | 217,000 euros |
| Kotor | Off-center | 137,000 euros |
| Bar | Town center | 163,000 euros |
| Bar | Off-center | 110,000 euros |
| Tivat | Town center | 257,000 euros |
| Tivat | Off-center | 180,000 euros |
Montenegro house prices vary regionally. While house prices are quite affordable in the inner parts of Montenegro, house prices on the coast are higher than in the inner regions. Cheap house prices in Montenegro attract the attention of many foreign investors.
How Much Are House Rents in Montenegro?
Rental prices in some of the important cities of Montenegro are given in the table below, along with house sizes and locations.
| City | Room | Location | Average monthly rent |
|---|---|---|---|
| Podgorica | 1+1 | Town center | 325 euro |
| Podgorica | 1+1 | Off-center | 237 euro |
| Podgorica | 3+1 | Town center | 595 euro |
| Podgorica | 3+1 | Off-center | 430 euro |
| Herceg Novi | 1+1 | Town center | 312 euro |
| Herceg Novi | 1+1 | Off-center | 237 euro |
| Herceg Novi | 3+1 | Town center | 500 euro |
| Herceg Novi | 3+1 | Off-center | 425 euro |
| Budva | 1+1 | Town center | 421 euro |
| Budva | 1+1 | Off-center | 312 euro |
| Budva | 3+1 | Town center | 675 euro |
| Budva | 3+1 | Off-center | 587 euro |
| Kotor | 1+1 | Town center | 500 euro |
| Kotor | 1+1 | Off-center | 312 euro |
| Kotor | 3+1 | Town center | 833 euro |
| Kotor | 3+1 | Off-center | 600 euro |
| Bar | 1+1 | Town center | 233 euro |
| Bar | 1+1 | Off-center | 173 euro |
| Bar | 3+1 | Town center | 466 euro |
| Bar | 3+1 | Off-center | 450 euro |
| Tivat | 1+1 | Town center | 370 euro |
| Tivat | 1+1 | Off-center | 266 euro |
| Tivat | 3+1 | Town center | 850 euro |
| Tivat | 3+1 | Off-center | 560 euro |
Montenegro is among the most affordable places in Europe in terms of rental house prices, especially in its inner parts.
What are the Prices of Houses for Sale in Montenegro?
The average house prices for sale in Montenegro are 150% higher than the prices in Türkiye.
The average prices of houses for sale in Montenegro are given in the table below according to their location.
| Location | Average house price per square meter in Montenegro | Average price (per 100 m²) |
|---|---|---|
| Town center | 1663 euro | 163,300 euros |
| Off-center | 1159 euro | 115,900 euros |
What are the Prices of Summer Houses for Sale in Montenegro?
Prices for summer houses for sale in Montenegro can vary between 80,000 Euros and 400,000 Euros, depending on factors such as the type of house, its location, and its distance from the sea. Montenegro is one of the most popular countries in Europe for summer house purchases.
Which Cities Have the Most Demand for Housing in Montenegro?
The leading cities with the highest demand for housing in Montenegro are listed below.
- Podgorica
- Herceg Novi
- Budva
- Kotor
- Bar
- Tivat
What are the Prices of Houses for Sale in Podgorica, Montenegro?
Podgorica, Montenegro; is the capital with the lowest for-sale house price index among European capitals after Sarajevo, Skopje and Pristina.
In Podgorica, the average house price per square meter in the city center is 1576 euros; outside the city center, this price corresponds to 1136 euros.
What are the Rental House Prices in Podgorica, Montenegro?
Rental house prices in Podgorica in the city center are on average 325 euros for 1+1 apartments and 595 euros for 3+1 apartments.
In Podgorica, rents outside the city center are 325 euros for 1+1 houses and 430 euros for 3+1 houses.
What are the Prices of Houses for Sale in Herceg Novi?
While the price of houses for sale in Herceg Novi is around 2250 Euros per square meter in the city center, this price drops to 1283 Euros outside the city center.
What are the Rental Prices in Herceg Novi?
Rental house prices in Herceg Novi are around 312 euros per month for 1+1 apartments in the city center, while they drop to 237 euros outside the city center.
While the average monthly price of 3+1 flats in Herceg Novi city centre is 500 Euros, the price drops to 425 Euros per month as you move away from the city centre.
What are the Prices of Houses for Sale in Budva, Montenegro?
In Budva, Montenegro, housing prices per square meter are on average 2125 euros in the city center and 1475 euros outside the city center.
What are the Rental House Prices in Budva?
Rental house prices in Budva are on average 421 Euros per month for 1+1 apartments in the city center, while outside the city center they drop to 312 Euros per month.
While the average monthly rent for a 3+1 house in the city center of Budva is 675 Euros, the average rent for a 3+1 house decreases to 587 Euros as you move away from the city.
What are the Prices of Houses for Sale in Kotor, Montenegro?
The average price per square meter of houses for sale in Kotor, Montenegro, in the city center is 2166 euros, while outside the city center the price per square meter drops to 1366 euros.
What are the Rental House Prices in Kotor?
While the average monthly rent for a 1+1 apartment in the city center of Kotor is 500 Euros, the monthly rent for a 3+1 apartment goes up to 833 Euros.
While the average monthly price of 1+1 flats outside the city centre in Kotor is 312 Euros, the average monthly price of 3+1 flats is 600 Euros.
What are the Prices of Houses for Sale in Bar, Montenegro?
In Bar, Montenegro, the average house price per square meter in the city center is 1631 euros; outside the city center, this price corresponds to 1106 euros.
What are the House Prices Like in Tivat, Montenegro?
House prices in Tivat, Montenegro are around 2571 Euros per square meter in the city center, while this price drops to 1800 Euros outside the city center. House prices in Montenegro can vary significantly depending on the size and features of the house in the Tivat area.
What are the conditions for buying real estate in Montenegro?
Foreign investors do not need to meet any additional conditions to buy real estate in Montenegro. The process of investing in real estate in Montenegro is quite easy for foreign investors; however, investors are still advised to seek legal support.
Is a Residence Permit Granted for Buying a House in Montenegro?
Buying a house in Montenegro provides the investor with the right to a residence permit for their spouse and minor children, regardless of the investment price. The temporary residence permit earned by buying a house in Montenegro is issued for 1 year and can be renewed as long as the property is owned.
Is Citizenship Granted to Those Who Buy a House in Montenegro?
It is possible for those who buy a house in Montenegro to obtain citizenship; however, in addition to the high amount of investment required, it is also necessary to give a grant to the Montenegrin state.
In Montenegro, it is possible to start the process of obtaining citizenship by investing in real estate in areas designated by the government. In order to obtain citizenship in Montenegro, the real estate investment to be made must be at least 250,000 euros for the northern parts of the country and 450,000 euros for the coastal parts, and in both cases, it is necessary to donate 100,000 euros to the Montenegrin state in addition to the investment to start the citizenship application process.
Those who want to obtain citizenship by buying a house in Montenegro can get help from visam.net for consultancy services.
Can a House Purchased for Citizenship in Montenegro Be Rented?
Yes, it is possible to rent out real estate purchased for the purpose of obtaining citizenship in Montenegro. Montenegro is in a very advantageous position in terms of rent and investment amount ratio.
What are the Advantages of Real Estate Investment in Montenegro?
Some of the advantages of investing in real estate in Montenegro are listed below.
- Rapidly developing tourism sector
- High rental and investment return rate
- European Union candidacy expected to be concluded in 2025
- Low cost of living
- Mediterranean climate and coasts
- Low property taxes
What are the Websites for Property for Sale in Montenegro?
Websites with real estate for sale in Montenegro are listed below.
- https://montenegro-real-estate.com
- https://www.indomio.me/en
- https://www.montenegroproperties.com
- https://www.montenegroprospects.com
- https://www.piscorealestate.com
- https://www.rbmontenegro.com
- http://www.karadagdaemlak.com
- https://es35.com/blog/montenegro/montenegro-real-estate-listing-portal/
It is very difficult for those who do not know Serbo-Croatian to access the listings of houses for sale in Montenegro without an intermediary.
In recent years , the Montenegrin construction sector has concentrated on areas in touristic areas aimed at foreign investors.
What are the Rental Home Sites in Montenegro?
Rental property websites in Montenegro are listed below.
- https://www.remax.me
- https://www.srbija-nekretnine.org/en/homes/montenegro
- https://gomonte.me/rent/tr/action/rentals/
- http://www.karadagdaemlak.com
- https://cmm-montenegro.com/rent/
How to Buy a House in Montenegro?
The process of buying a house in Montenegro is quite easy for foreign investors. Citizens of the Republic of Turkey who will buy a house in Montenegro do not need a visa if they complete their purchase within 90 days.
After determining the house to be purchased in Montenegro and reaching an agreement with the owner, it is sufficient for the house owner and the buyer selling the house to sign the transfer documents in the presence of a notary and to pay the necessary taxes to complete the house purchase transaction.
How to Get a Home Loan in Montenegro?
Home loans in Montenegro can generally only be obtained by Montenegrin citizens. Non-Montenegrin citizens must have a residence permit in order to obtain a home loan from Montenegrin banks. For foreigners who have a residence permit in Montenegro, the process of obtaining a home loan in Montenegro can be quite difficult.
What are Montenegro Houses Like?
Montenegrin houses vary greatly from city to city. In coastal cities of Montenegro, such as Kotor, it is possible to find historic houses that are products of Venetian architecture, while inland there are often traces of Balkan and Yugoslav architecture.
Although land prices in Montenegro are well below the European average, foreign investors must have a registered company in the country in order to purchase land in Montenegro.
What type of visa is required to buy a house in Montenegro?
Citizens of the Republic of Turkey do not need a visa for travel to Montenegro for up to 90 days to buy a house in the country. Citizens of the Republic of Turkey are exempt from visas for travel to Montenegro for up to 90 days.