Just one of our exclusive villas for sale in this select development of only 6 properties, all with own pool and starting from just £75,000.

Key facts about Montenegro

Montenegro has emerged from the 1990s Balkan Conflict, and has major inroads into rebuilding its economy. EU funding has helped the country address, and improve, its infrastructure. These factors plus its growing tourism industry give Montenegro good property investment prospects.

Montenegro has:

- beautiful beaches
- plenty of scenic mountains, rivers and lakes
- lush forests and
- pretty, medieval villages and towns.

It has approximately 630,000 population and lies between Bosnia and Herzegovina and Croatia to west, Albania to the south and Kosovo and Serbia to the east.

Other things to know about Montenegro are:
- it’s only 2 hours ahead of Greenwich Meantime during the time from late March to late October
- the Euro is the main currency and
- basic living costs include a loaf of bread which costs about 20p and a bottle of wine at around 70p.

Because there are some great deals right now, particularly in Montenegro villas, houses, apartments and land buys plus the Montenegran property buying process carries relatively reasonable charges.

- it’s cheap to buy property with main cost being the 2% property transfer tax and low lawyer service fees.

For example, you can currently expect to pay 1% for a lawyer’s services on properties priced at around £100,000

- low property taxes in Montenegro means that you pay less than 1% of a property's market value each year. So, you’d pay £500 on a property worth £50,000
- if you want to let your Montenegran property, you’ll pay about 23% if you earn more than £3,000 in a single year
- capital gains tax is applied to the property sales if you've owned a residence for over two years
- you can get to Montenegro easily. Nearest airport is Dubrovnik in nearby Croatia, which is served by lots of regular flights. Then it’s a 30kms drive into Montenegro
- it’s a progressive European country and adopting the Euro is one of many signs that it’s going places. Extensive EU funding is helping the country move forward and bringing with it, some dramatic changes - Key Montenegro buy areas are Herceg Novi in the northern coast and further south, Budva, Kotor and Sveti Stefan coastal centres.

- if you’re a foreigner, you can buy property in Montenegro - except for land which exceeds 500m2 with no property in place
- realising a ‘clean’ title deed on older properties is essential. It’s up to your lawyer to clarify property title which can take time. If the title can’t be established in reasonable time frame - move onto the next property.