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Things to watchout in Montenegro

Ownership papers: It’s imperative that you have a property’s papers checked for you. It’s common for properties to have several owners and it’s important that you know a property has clean titles and/or building permits before you buy, as well as to make sure ownership transaction is done right.

Access issues: Make sure you have legal access to any property you’re considering buying. Sub-divided properties sometimes share driveways and you need to be sure you have legal access to your property.

Building permits: Even though land and building costs are reasonably priced, get advice on the cost of building permits before you commit. The costs vary by location and are a significant part of the overall building cost

Stone ruins: The restoration of a beautiful stone ruin requires skilled craftsmen, which are expensive and impossible to estimate in advance. Don’t enter into a restoration project without consultation

Mortgages: Most likely you won’t be able to secure a mortgage at a local bank, you’ll have to do it in your home country

  • Banking System
  • Buying Guide
  • Investment
  • Tax policy
  • Things to watch out

Contact

Elia Residence Building
c/o Horizon Group

14 Sremskog Fonta
Budva 85310 Montenegro

Phone: +382 68 111 702
E-Mail: info@horizon-properties.me

Property for sale?

Our selling process is totally comprehensive. Our goal is for our clients to achieve the highest price for their property the market will allow, to sell in their preferred timescale, and to avoid hassle. We advise and communicate with our clients all the way. This is especially important to out-of-country clients.

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