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?
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.
There is a direct flight from London during the summer season, with a flight that is less than 3 hours long, for the price of 60£! The country is not a member of EU, so the taxes when buying a property are much lower compared to EU countries.
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.
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.
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 both 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.
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.
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.
National park Biogradska Gora is only 10 minutes drive from Kolašin, and Kolašin is the only ski resort in Montenegro, so the property here can be rented all year long as it is a great holiday destination during winter and summer.
Most of the properties here are sold with land, so you will have opportunity to grow your own garden. The feeling of trying the tomato from your own garden, that actually has a taste of tomato is priceless.
What kind of projects are there in Kolašin?
100m2 house with 600m2 of land, for less than 200.000£. Sounds too good to be true?
You will get a brand new 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.
Outdoor area with place for dining outside, and plenty of space where your pet can feel like at home and enjoy the fresh grass and mountain air.
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 starting in March 2025.
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 this project and would like to get more information about it, such as floor plan, 3D design, feel free to contact us.
You can or contact us directly by email info@minicondos.me
Or phone number +382 69 207 303 (WhatsApp)