Montenegro is one of the most promising real estate investment destinations in Europe. With its growing tourism industry, low taxes, and accessible property market, the country is attracting international investors looking for profitable opportunities and long-term value. But how do you get started with real estate investment in Montenegro if you're new to the market?
In this guide, we’ll walk you through the key steps for first-time international property investors – and show how EVKOWSKI COMPANY can help you navigate the process with confidence. Read more here.
Why invest in property in Montenegro?
Montenegro offers several advantages for international real estate investors:
- Low property taxes and business-friendly regulations
- High rental demand in tourist cities like Budva, Kotor and Tivat
- Open property market for foreigners
- Potential for high return on investment
- EU candidate status increasing long-term value
Whether you're interested in buying a holiday rental, a city apartment, or land for development, Montenegro’s real estate market offers strong potential with relatively low entry costs.
Step-by-step guide to getting started
1. Define your investment goals
Are you looking for passive income through vacation rentals? Capital appreciation through land or development? Or a second home for personal use that can also generate income?
Having a clear investment strategy will help guide your property search and budgeting.
2. Choose the right location
Montenegro has several attractive regions for real estate investment:
- Budva: The most popular tourist destination – great for Airbnb rental income
- Tivat & Porto Montenegro: Luxury properties and long-term value growth
- Kotor: UNESCO heritage charm with strong appeal to international buyers
- Podgorica: Capital city with stable rental demand for locals and expats
3. Set your budget
Real estate prices in Montenegro vary greatly depending on location, property type and condition. A one-bedroom apartment near the coast might start at €120,000, while undeveloped land can be found for much less in rural areas.
Make sure to budget for:
- Purchase tax (3% of property value)
- Legal and notary fees
- Agent commissions (if applicable)
- Renovation or furnishing costs (if needed)
Legal process and due diligence
Work with a local lawyer
Foreign investors should always hire a local lawyer to:
- Verify ownership and land registry records
- Ensure the property is free of debt or disputes
- Draft or review the purchase agreement
- Handle legal translations and tax registration
Avoid common mistakes
- Never buy without checking katastar (land registry) documentation
- Avoid properties without a building permit or clear title
- Don’t rely on verbal promises – get everything in writing
How EVKOWSKI COMPANY supports first-time investors
As an experienced consultancy based in Montenegro, EVKOWSKI COMPANY offers full-service support for international real estate investors:
We help you:
- Identify high-potential investment properties
- Evaluate ROI, rental yield and appreciation potential
- Coordinate with local lawyers, notaries and agents
- Provide renovation and development partners
- Guide you through the buying process from A to Z
We speak your language, understand your investment mindset, and represent your interests locally – so you avoid costly mistakes and maximize your investment. Read more here.
Ready to invest in real estate in Montenegro?
Starting your first real estate investment in Montenegro doesn’t have to be complicated. With the right guidance, local expertise and strategic support, you can build a profitable portfolio in one of Europe’s most beautiful and dynamic markets.
Contact EVKOWSKI COMPANY today to schedule a free consultation. We’ll help you find the right property, secure a smart deal, and grow your investment with confidence.