Thanks to easy bureaucratic system in Montenegro, real estate transactions are operating very fast. The property transfer tax is only 3% and must be paid within 15 days of purchase. The tax value of the property to be purchased is determined by the local municipality. In Montenegro, some banks provide home loans to foreign investors. When buying real estate in Montenegro, you should check whether the title deed has one or more partners. Settlement in Montenegro will not be this easy in the future. There is only one requirement to take advantage of this law and that is to purchase a residential real estate. You can buy a house at any price and get a residence and work permit in Montenegro. Since Montenegro is a newly developing country, you can be sure that you will not be able to find residence and work permits with these terms anywhere in Europe. The steady 8% raise of house prices in Montenegro on a yearly basis ensures that the real estate you buy will soon gain value. The suburbs of Montenegro gain value almost every day due to the small number of available residential properties. 24% of real estate buyers are from Eastern European countries who usually buy residential units for housing needs, 45% are from Northern European countries and they mainly buy for both housing and renting, and another 25% are from various countries who buy real estate for investment purposes. There is a decrease in the m2 area of the residential units sold as the construction sector develops in Montenegro.
You can read more here: https://www.vitamontenegro.com/advantages-of-buying-real-estate-in-montenegro
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