New Build Property in Montenegro
30.07.2025
The Rise of New Build Property in Montenegro - While charming stone houses in Kotor or Budva’s historic streets still hold their allure, the biggest movement in the market today is the surge of new build developments - modern residences that combine luxury, convenience, and strong investment potential. Over the past two years, Montenegro’s new build market has accelerated rapidly. Luxury residential projects are reshaping the skylines of Budva, Kotor, Tivat, and Bar, with high-profile developments like Porto Montenegro, Lustica Bay, and Portonovi offering everything from private marinas and wellness centres to eco-conscious architecture.Beyond the glamour, the capital Podgorica is also witnessing a wave of contemporary apartment projects (around a 20% rise yoy), catering to both local professionals and a growing expat community. This expansion is supported by rising tourism numbers, digital nomad visas, and an increasing demand for year-round rentals.
For buyers, this surge in new construction represents a chance to secure property in Montenegro at a pivotal point in its growth curve — before prices fully align with other Mediterranean hot spots.
New build pricing varies depending on location and proximity to the coast:
Prime coastal apartments in Budva or Kotor typically range from €3,000–€4,200 per m², while branded luxury residences in Porto Montenegro or Lustica Bay can reach €5,000–10,000 per m² — with penthouses and marina-front homes pushing even higher.
Emerging locations like Bar and Ulcinj offer more attainable entry points around €1,100–2,500 per m², attracting buyers looking for future appreciation.
Despite rising prices, Montenegro remains highly competitive compared to neighbouring Croatia or Italy, where similar waterfront properties often command two to three times the cost. This relative affordability, combined with Montenegro’s 5–7% average rental yields — and up to 10% in peak season for premium properties — positions new builds as a lucrative investment.
One of the main attractions of new build properties is their simplified tax structure. Unlike resales, which incur a property transfer tax of 3–6%, new builds are exempt from this charge. Instead, buyers pay 21% VAT, which is usually included in the developer’s asking price.
Additional costs — such as notary, registration, and legal fees — typically amount to 4–5% of the property price, but professional agencies like CMM Montenegro ensure the process remains smooth, with full legal verification of the development and its permits.
Modern developments in Montenegro offer a host of benefits beyond the financials:
Turnkey living: Fully equipped apartments with pools, gyms, and a reception/concierge
Eco-conscious and efficient: Many projects use sustainable materials and energy-saving designs.
Stronger rental appeal: Contemporary amenities and prime locations attract both seasonal tourists and long-term tenants.
Off-plan opportunities: Early buyers can benefit from price appreciation by securing units before completion.
With Montenegro’s tourism season stretching from April to October and digital nomads driving off-season occupancy, new builds have quickly become the preferred choice for investors seeking consistent rental income.
As one of Montenegro’s largest and most trusted real estate agencies, CMM Montenegro is at the forefront of this new build wave. Their team offers access to the most exclusive projects along the coast and in the capital, providing expert guidance on location selection, legal procedures, and rental strategies.
Whether your goal is a waterfront apartment in Tivat, a modern penthouse in Budva, or an off-plan investment in Podgorica, CMM can connect you with opportunities that balance lifestyle and profit potential.
Here's just a few New Build Projects that are definitely worth considering:
Royal View Resort & Spa - Budva - Priced from €130,000%20-%20Copy.jpeg)
Sunny Side Resort & Spa - Budva - Priced from €269,294
In Summary
The new build property market in Montenegro is booming, offering a unique combination of Mediterranean charm, strong rental yields, and a simplified buying process. For international investors or those seeking a second home by the Adriatic, 2025 is shaping up to be a golden moment to secure a slice of Montenegro’s modern luxury living.
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 10:20:09
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 11:32:19
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 03:18:13
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 09:56:22
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 07:17:27
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 12:06:21