Montenegro — Property: Buying Process

Why this matters

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Key facts

• The buyer self-assesses and pays the 3% transfer tax within 15 days of the contract date.
• Notaries count as reporting entities under anti-money-laundering rules when handling real estate acts.
• A temporary residence permit can be based on real estate ownership documented by a land register extract, with a EUR 200,000 minimum value under the amendment.
• Foreigners cannot acquire forest, agricultural land, islands or land within 1 km of the land border, per an older law source.

Steps

1. Property Selection — Identify and select a property based on location, size, and price.
2. Negotiate Purchase — Negotiate the purchase price and terms with the seller.
3. Due Diligence — Conduct due diligence, including checking the property's title and condition.
4. Notarization — Have the transaction notarized by a local notary public.
5. Register Property — Register the property with the local authorities to obtain the title deed.