Is investing in Montenegro a good idea?
If you are thinking about buying a property overseas, you probably already thought of Spain, Portugal and south of France.
Those are all great locations, with a short flight away from England, but did you know there is one more country that is 32% more affordable, with a great coastline and 3 hours away from London?
Compared to USA, properties in Montenegro are 40 to 70% more affordable, and 90% more affordable then NewYork city.
If you are looking for a place for your future retirement, great investment, and change of the lifestyle, keep reading, Montenegro might be option for you.
Small country with 5 national parks, 300km of coastline, located in Mediterranean sea, with hot summers and mild winters.
Where is Montenegro?
Located between Croatia and Albania, Montenegro is a small Balkan country with only 600.000 inhabitants. There are two airports in Podgorica and Tivat, with regular flights during the summer season to major cities in Europe. During summer, you can find direct flights from London to Podgorica, with the average cost of a return flight being 200€ in the high season. If you are looking to travel from New York, you can find flights with one layover in Amsterdam or Vienna, with prices from 500€ for a round trip. If you are still thinking about it, here are some intresting facts about Montenegro:
- The coastline of Montenegro is 295 km long
- The oldest tree in Europe is located in Montenegro. It is an olive tree that is 2000 years old!
- Montenegro is not in the EU, but their currency is the Euro
- People of Montenegro are second tallest people in the world!
The country is not a member of EU, so the taxes when buying a property are much lower compared to EU countries.
Why would you buy a property in Montenegro?
The average price per sqm in Montenegro is around 2000€ and the price for the land is around 180€ per sqm. Compared to Spain where you can expect to pay more than 4000€, and we are not even going to mention prices in London.
In Montenegro, everything is more affordable compared to EU countries, and it is a very safe country to live in. You can go to the beach and leave your things on the towel without being worried that it might disappear. You can choose a variety of different sceneries, different beaches, old medieval towns, mountains and city life.
Montenegro values its traditions and history. Family is very important, and people celebrate old customs and festivals. They also respect nature and take pride in their culture
Since it is a tourist destination, If you have a property here, you don’t have to move here. You can rent our your property and just come here for a visit, staying in your own place.
Can I legally buy a property in Montenegro?
One of the advantages of buying a property in Montenegro is that the process is very easy. You will only need your passport and the contract that you will sign.
The tax is very low, only 3% for ownership transfer if your property is bought for under 150.000€.
If the value of the property is from 150.000€ to 500.000€ that tax is fixed 4.500€ + 5% on the value exceeding 150.000€. For the property higher than 500.000€ tax is 22.000€ + an additional 6% for the value exceeding 500.000€.
Yearly property tax is only 0.25 – 1% of the value of the property!
After your purchase, you can apply for a residence card in Montenegro. Residence card is valid for 1 year and it is to be renewed every year.
Montenegro is a country, what city is the best to invest in?
It all comes down to your preference. If you prefer the beach then Tivat, Kotor, Budva, Bar can be great options. They are all close to each other, but quite different when it comes to scenarios that they offer.
Tivat airport is located in Tivat, and it takes only 10 minutes drive to reach Tivat center, Kotor, and 30 minutes to reach Budva.
If you prefer the mountains then you can choose from Kolašin, Žabljak and Plav.
If you are looking for something in the mountain side, Kolašin is the best option. It is located 45 minutes drive from Podgorica airport, and here you can enjoy the fresh air and peaceful life in nature.
Projects by Mini Condos
All Season Blatina homes – Kolašin project
100m2 house with 600m2 of land, for less than 200.000€. Sounds too good to be true?
You will get a brand new two-bedroom house with your own land and a front porch.
After living in a small apartment and paying high rent, you can finally enjoy your peace and even make money from the unit.
This house will have a living room, kitchen, dining area, bathroom, and a sleeping room on the ground floor, and on the 1st floor, there is one more bedroom ideal for having guests.
We also have an option with one-bedroom with prices from 139.000€
Outdoor area with a place for dining outside, and plenty of space where your pet can feel at home and enjoy the fresh grass and mountain air.
My Tiny House project – Tivat
If you are interested in having a house by the seaside, then you should check our project on the coastline.
Currently, we have one house for sale. It is a 75 m² house with a 350 m² plot. It is a 2-bedroom house.
Cash price for this house is 265.500€
If you are interested in this property, please click here to see more details about it.
Three bedroom apartment for sale
Our first project was the Tivat Heights residence. A complex of 3 buildings, 12 luxury apartments with a shared pool and garden.
Each apartment has 90m² + 30m² balcony. Right now, we have 1 apartment available for resale.
It is ready to move in or rent right away!
The discounted price for this apartment is 349.000€, and if this is something for you, you can check the listing here.
Who are we to talk about properties in Montenegro?
We are a property developer company run by Carine French/British citizen, who loved Montenegro so much that she decided to stay and start the company.
The company Mini Condos, with the idea of a minimalistic and sustainable lifestyle, was established in 2008 and so far we finished 4 projects, with the 5th one in Kolašin.
Our company sells properties but also does rentals, long-term and short term so you wouldn’t have to worry about anything, you don’t have to hire anyone, we take care of the whole process for you.
Here is a testimonial of your buyers, who are from London, and they used this opportunity 7 years ago. In this 7 years they were receiving rent from day one with our Lease contract and in that time their property doubled in value.
If you are interested in any of the projects you saw, don’t hesitate to contact us. You can call us or contact us directly by email info@minicondos.me
Or via phone number
+382 69 207 303 (WhatsApp)
+382 69 215 887
