Investment in Montenegro Develops Further As Property Prices Increase by 7%



07.07.2022

Montenegro is one of the world’s fastest growing tourist destinations of the modern era and as its economy continually demonstrates positive growth (bar the covid pandemic) it’s no surprise that there’s an influx of property investment throughout the major resorts, resulting in an average price increase of around 7%, with new builds rising by between 10% and 13%.

In the popular coastal resorts such as Budva, Kotor and Tivat, prices per square meter for the 1st quarter of 2022, were between €1838 and €2025, and in the Capital, Podgorica, it was around €1683. Rental property has also increased, with a three bed apartment now setting you back between €880 and €1370 per month in the costal resorts and €570 per month in Podgorica.

It’s widely expected that the upwards trend in property investment is set to continue both from domestic and from foreign buyers firstly due to a current shortage of property, a plethora of amazing new build developments hitting the market such as on the Luxury Lustica Bay, a small coastline most of which is protected or difficult to build on, a wider availability of mortgages and finance options, plus a huge growth in the number of expats and holiday home owners.

Property prices in Montenegro are still very attractive compared to their European counterparts such as Spain & Portugal, and there’s expected to be a further increase if/when Montenegro joins the EU (of which membership is still a distinct possibility). One of the programs that has been rather successful to date, is ‘Citizenship by Investment’ which started in 2020 and has so far resulted in 409 positive applications. For an investment of €250,000 + a €100,000 donation to Montenegro for the improvement of less developed areas in the North, successful applicants can then become a Citizen of Montenegro, and take advantage of visa free travel to 124 countries (including Schengen area), favourable tax rates and an average rental yield of between 6% and 12%.

Increases in Property Prices are not only good for those who are buying in Montenegro and intend to take advantage of Summer Rentals (as the yields over this period will be strong) but it’s also a positive for those who are thinking of a more longer term investment, or those who are wishing to sell. It works for everyone, both buyers and sellers of Property in Montenegro.

CMM Investment Group have recently been voted as one of the best 100 companies to work for in Montenegro, and not only that, but they’ve also just celebrated their 15th year anniversary. Whether you want to take advantage of the ‘Citizenship by Investment’ program, or you want to invest in Montenegro for holiday home or permanent living purposes, do contact us with your requirements and we will be happy to assist with your Property journey!

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  • Just a brief thanks to CMM! I was buying a plot for house construction. They found the best possible options for my inquiry, replied all my questions and made full accomodation till the deal close. Responsible managers, quality service. So greatful to the Company for the job done!

    Noah, 15.03.2019 12:13:00

  • Dear CMM team, just to leave a small feedback on the superjob you've done ! It was not an easy period for us with a child. As we had to sell our home property and decided alternatively buy some nice house at Montenegrin coast. We were truly frightened at the start. My colleague, being your customer, gave a good recommendation, so, we called the office. All the part, covering seach and purchase in Montenegro, was quickly, safe and perfectly done. Good luck and further success and propsperity to the company! Special thanks to Alexander and Snezana for professional approach!

    Mariana , 06.03.2019 12:06:00

  • Always thought that buying property abroad isnervous and difficult task. CMM changed my mindset. I felt support and care in every step: from the first call arranged till receiving the Owner's list. I am also happy about how they make my apartment management. Now, whenever me or my family members come home to Montenegro, I am absolutely confident that my apartment is in the best condition!

    Harry, 26.02.2019 12:11:00

  • Good day! The first time we met professionally organised step by step work with property in the Southern country. It was a nice surprise for me and my spouse. Well-established algorithms helped us to understand country, its particular features, pluses and drawbacks. Professional manager (Petar Kuzmich) helped us to avoid mistaken choice and provided a really wide number of options to choose from. We felt and still do absolutely safe while buying a house. Happy to come across with your company! Will recommend to our neighboors and family friends in first Norway home.

    Alice and Andrew, 05.02.2019 12:04:00

  • As people from the North, we would express our gratitude to CMM team for advice and professionalism! Never met this before dealing with real estate. Perfect job, super-trained experts! Thanks Google we reached you. Now holidays only with CMM! My daughter is in love with Montenegro. Now started to persuade me to buy some flat on the coast. We know to whom to turn for professioanl help now!

    Oliver, 23.01.2019 12:08:00

  • CMM is supergood in diplomatic dealing with all sides. I found the apartment I wanted in Montenegro, though the previous owner was behaving awfully and didn't want to bargain. Your managers somehow managed to agree the acceptable price so that we could start with deal. Professional advice on every step helped me avoid numerous mistakes possible. You have all that a naughty customer needs! Also thanks for the wonderful natures shown and nice coffeeshops/dineries =) Now recommending CMM Group to those planning to move or long vacations in Montenegro. Great management and attitude!

    Thomas, 12.12.2018 12:06:00

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