New Real Estate Law in Montenegro: Farewell to Illegal Real Estate Agents

05.11.2025

A Major Step Toward a Transparent and Professional Market

For years, the real estate sector in Montenegro operated with almost no professional regulation.
Anyone could wake up one morning, open a real estate agency — or simply start giving advice — and present themselves as an “expert” in property investments worth hundreds of thousands of euros.

No license.

No professional experience.

No accountability.

And yet, these “advisors” were making recommendations on investments, projects, rental yields, and property flipping.

In finance or private equity, this would be called professional negligence.

In real estate, until recently, it was just “normal.”

Why This Was Dangerous

The risks of working with unqualified agents were significant:
Financial losses — poor investment recommendations and unrealistic ROI expectations.
Legal complications — unclear or incomplete property documentation.
Low-quality developments — investments in unreliable or non-transparent projects.
Each mistake here didn’t just waste time — it cost real money.

The Game Is Changing: A New Real Estate Law in Montenegro
In 2025, Montenegro introduced a new Real Estate Brokerage Law designed to bring order, transparency, and professionalism to the property market.

The Key Changes:
— Licensing Requirement — Only registered and authorized agencies and licensed real estate agents can legally operate.
— Transparency and Accountability — Buyers and investors are now better protected by clear legal standards.
— Professional Standards — The era of amateur “advisors” is ending, replaced by certified professionals with proven experience.
This law represents a huge step forward for the Montenegrin real estate market — and a safer environment for both local and international investors.

What It Means for Property Investors
The new regulation means that investors can now expect verified expertise and higher transaction security.
Working with licensed agencies ensures:
— Verified property documentation
— Legal and tax compliance
— Professional due diligence and investment advice

As Montenegro continues to attract global attention as one of Europe’s most promising real estate destinations, these legal improvements make the country even more appealing to serious investors.

Choose Your Real Estate Partner Wisely
Montenegro offers outstanding opportunities — from luxury coastal developments to long-term rental investments.
But not every project, and not every advisor, is worth your trust.
When choosing who to work with, look for:
— Data-driven decisions
— Proven track record and results
— Professional licensing and experience

About CMM Investment Consulting Group
With 18 years of experience, a team of over 150 professionals, and membership in leading global real estate networks, CMM Investment Consulting Group stands at the forefront of Montenegro’s regulated real estate industry.
Our specialists will soon be among the first fully licensed real estate professionals in Montenegro under the new law — continuing to provide clients with expert, transparent, and reliable guidance for every step of their investment journey.

Your investment deserves real expertise.
CMM Investment Consulting Group — where professionalism meets opportunity.

Back to the list

Reviews

• In period May-August 2022 we sold our flats in St-Petersburg Russia and  have bought two  ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic  is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional  employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.

  Liudmila Nosova St-Petersburg Russia , 13.09.2022 09:20:09

• At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
  Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
  I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
  With gratitude on behalf of our family.

  A.V. Ter-Gazaryan, 12.07.2022 10:32:19

• Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
  I would strongly recommend this company to anyone who is looking for a property in Montenegro.
  

  Val , 13.05.2022 02:18:13

• We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
  We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
  After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
  We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
  Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.
  

  Mandy and Antoine, 06.10.2021 08:56:22

• Biz Montenegroda CMM komandayla  tanish olmushug. Snejana ve Milan bize cox  yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!

  Dilara, 01.10.2019 06:17:27

• Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!

  Kate, 22.03.2019 11:06:21