Montenegro's Hidden Real Estate Gems

Nestled on the Adriatic coast, Montenegro has a rich history, stunning landscapes, and increasing allure. With its turquoise waters and rugged mountains, it has long been a tourist magnet. In recent times, however, the coastal real estate market has been making waves.

From the Byzantine epoch to today’s modern age, Montenegro’s architecture reflects its storied past. Wandering through the old towns, you’ll spot Venetian palazzos, Ottoman relics, and Austro-Hungarian buildings, all sitting side by side.

Types of Real Estate in Montenegro

Montenegro offers various properties catering to diverse tastes, budgets, and aspirations. Let’s delve deeper into the main property types available:

Stone Villas and Houses

Originating from the Venetian era, these homes exude a timeless charm. Made of thick stone walls, they provide natural insulation, keeping the interiors cool during the scorching summers. Many come with charming courtyards and gardens, sometimes even with lemon and orange trees, adding a Mediterranean touch.

Due to their historical significance and character, these villas in Montenegro for sale can be on the pricier side. In prime locations like Kotor or Budva’s Old Town, prices might range from €2,500 to €4,500 per square meter. In more secluded areas, prices can drop to around €1,500 to €2,000.

Modern Apartments and Penthouses

For those who prefer a blend of luxury and convenience, modern apartments are a perfect choice. Most new constructions include swimming pools, gyms, and underground parking. Penthouses, often on top floors, provide unparalleled views of the Adriatic.

Price Range: In popular tourist hubs like Budva and Tivat, a modern apartment can range from €2,000 to €3,500 per square meter. Penthouses, with their exclusive views and more prominent space, can go up to €5,000 per square meter in prime locations.

Coastal Land Plots

It is ideal for those who dream of building their custom haven. These plots offer potential buyers a blank canvas, be it for a luxury villa, a boutique hotel, or a quaint B&B.

Prices are primarily determined by the plot’s proximity to the sea and its size. A seafront plot might command prices anywhere from €500 to €1,000 per square meter. Those set back from the coast or in less developed areas can be as low as €100 to €300.

Traditional Montenegrin Farmhouses

Nestled in the hinterlands, these farmhouses or ‘katuns’ are typical of Montenegro’s pastoral heritage. They’re usually set in larger plots, often with orchards, vineyards, or olive groves.

These properties offer great value, with prices ranging from €800 to €1,500 per square meter, depending on the state of repair and modernization needed.

Luxury Resorts and Condos

With Montenegro’s rising profile as a luxury destination, several high-end resorts and condo complexes have sprouted along the coast. They often come with amenities, from spas to private marinas.

These top-tier properties can fetch anywhere from €4,000 to €7,000 per square meter, especially in exclusive areas like Porto Montenegro in Tivat.

While these price ranges provide a general guideline, it’s always crucial to conduct thorough market research or engage with a local real estate expert. Montenegro’s property market, with its diverse offerings, ensures that there’s something for every investor, retiree, or holiday homeowner.

Best Places to Buy


Often referred to as the “Miami of Montenegro,” Budva blends sandy beaches and vibrant nightlife. Its Old Town is a maze of narrow streets and squares, with the ancient citadel casting its shadow over the Adriatic.


A UNESCO World Heritage site, Kotor’s fortified Old Town is a marvel of medieval masonry. Nestled at the foot of a towering mountain, properties here are a ticket to history.


Home to Porto Montenegro, one of the Adriatic’s most luxurious marinas. Its proximity to the airport makes it a favorite among international jet-setters.


A unique fusion of sea and mountain, Bar offers modern seaside resorts and ancient olive groves. The Old Bar ruins testify to the town’s resilience through the ages.

Investing in Real Estate

Why Montenegro?

Rising tourism, EU candidacy status, and the introduction of the Euro have given Montenegro’s real estate market a steady boost. Its attractive tax regime, with a flat rate of 9%, makes it even more investor-friendly.


  • Potential for high ROI due to increased tourism and demand.
  • Growing infrastructure and development projects.
  • Favorable residency programs for property owners.

Potential Risks

  • Fluctuations in tourism can affect rental incomes.
  • As with all investments, there’s no guaranteed return.

Practical Tips for Buyers

Choosing a Real Estate Agency

Do thorough research. Check online reviews, ask for recommendations, and check prices for real estate in Montenegro online.

Legal Aspects

Montenegro has a transparent property registration system. However, always engage a local lawyer to check property titles and avoid potential disputes.

Tax and Insurance

While Montenegro’s tax regime is attractive, it’s essential to get acquainted with local tax laws. Consider consulting a local accountant. Property insurance is also highly recommended to protect against unforeseen damages.


Q: Can foreigners own property in Montenegro?

A: Yes, foreign citizens can own property in Montenegro without any restrictions.

Q: What’s the average price per square meter?

A: Prices vary based on location and property type. As of 2021, in popular coastal areas, it could range from €1,500 to €3,500 per square meter.

Q: Are there any mortgage options for non-residents?

A: Yes, several Montenegrin banks offer mortgage options for non-residents. However, terms and conditions might vary, so it’s advisable to research or consult directly with the banks.

The Montenegrin real estate market offers a blend of historic charm and modern luxury. As the country continues to grow in popularity, the opportunities for property investments seem promising. Whether you’re considering a holiday home, a permanent residence, or an investment property, Montenegro’s coast offers something enticing. As with all investments, do your due diligence, but remember – a slice of this Adriatic paradise might be the gem you’ve been searching for.