Apartments for Sale in Montenegro

Is Buying an Apartment in Montenegro a Good Investment?

Buying an apartment in Montenegro could work out to be a good investment for you depending on several factors which include your financial situation, the location of the property and of course real estate trends at the time. By its current nature, Montenegro is growing massively on the international scene and property prices here are rising. Rental rates in the more popular areas like Budva and Kotor, are also on the increase, especially during the busy summer months. Developers are also taking advantage of the market, with a wealth of new residential complexes hitting the market, to meet growing demand from overseas clients.

How to choose the best apartment to buy?

Well, much like buying any property, you have to consider several factors to ensure that it meets your needs, preferences and aspirations but the best place to start is actually the area. Each town here, will offer something slightly different, so choosing the right location is just as important as choosing the apartment itself. Consider proximity to the sea, amenities, transportation, and rental potential if you wish to take advantage of the busy summer months.

You’ll also want to set a clear budget before you start your search, and this will involve potentially talking with a local bank and maybe even a mortgage advisor as well. Doing some research by talking with an agent such as CMM Montenegro, will also give you an idea of what you could get for your money. Don’t forget that you’ll need to add on some extra budget for the taxes and fees – contact us for further information about these.

Decide on the type of apartment that you want too, and consider the facilities that you may want within the complex, such as a communal pool, gym or concierge services. These will enhance your living experience and possibly increase the attractiveness of the property for rental or future sales. Does it offer a sea view or a balcony, and how close is it from the nearest supermarket, medical facilities and beach. If you choose to move here permanently then also consider how close it is to local schools or educational institutions.

Ensure that the apartment you buy also has all the legal paperwork and necessary apartments in place for residential or rental use. Our legal department can help you with that though, and please, also make sure that you can find someone who speaks your language so you can fully understand the process from start to finish.

How much does it cost to Buy an Apartment in Montenegro

Apartments for Sale in Montenegro will vary quite a bit depending on where you buy, given that properties in the more popular areas will come at a premium, especially if they offer a sea view, or are first line/second line to the beach. Prices will also depend on the size, amenities/facilities within the apartment complex or in the local vicinity. In popular coastal cities like Budva, Tivat or Kotor, prices tend to be higher compared to inland areas such in for example in Nikšić, Kolašin or on mountains. As of recent data, which may vary, apartments can range from around €1,500 to €4,000 per square meter, with luxury properties commanding even higher prices. To get the most accurate and up-to-date information on property prices in Montenegro, we advise you to contact us for a consultation to get the best value for your money.