Buying real estate in Montenegro – pros and cons


For more than ten years now, Montenegro has been one of the most popular destinations among buyers of foreign real estate from Russia, Ukraine and Belarus, which is largely facilitated by a number of circumstances. In some cities of this Balkan republic, which, unlike neighboring Serbia, has access to the sea, you can meet a compatriot on the street almost more often than a local resident, the vast majority of whom, even after joining NATO and with a clear course towards the EU, are citizens Russia, who decided to buy housing in Montenegro with undisguised sympathy. And this affects not only everyday communication, but also business development.

Advantages of buying real estate in Montenegro

It is the city of Budva, whose population is just under 15 thousand people (you can walk through it almost entirely in 45-50 minutes), that is a kind of capital of the Russian diaspora. At one time, the Russians greatly “inflated” the prices of local apartments and houses, but now their price has dropped to 40-60 thousand euros for a one-bedroom apartment, depending on the number of floors, the condition of the house and location. So, for those who want to buy an apartment in Montenegro and feel at home (Tivat airport is located just half an hour away), it is difficult to come up with a better choice – especially since literally a ten-minute walk from the beach there is a full-fledged Russian school, and it is by no means the only one.
For those who want to stay away from their ex-compatriots, there is Kotor, Herceg Novi, Podgorica and many other settlements where the foot of a Russian person has not yet trampled too much. You can find out about the best place to live in Budva here.

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Finding such places is quite problematic due to the fact that since 2015, Russian property owners who obtained a special visa were given the opportunity to obtain a residence permit in Montenegro. However, you can live here as a tourist, going to neighboring countries for a few hours (if you have a multiple-entry Schengen visa), and returning back after such “excursions”.

By the way, another advantage of Montenegro is its climate, which allows you to swim in December in the same Budva, where life does not stop for the winter, and at the same time go in for skiing in the north of the country, in Kolasin and Zabljak, which in the near future will every chance to become popular resorts on a European scale.

There are no harmful industries in Montenegro, so you don’t have to worry about the environmental friendliness of the products bought in the markets. In coastal cities, fishermen almost every day offer for sale freshly caught “wild” fish (skate, conger eel, mullet, etc.), which are snapped up in a matter of minutes not only by tourists, but also by local residents.

On the other hand, Montenegro does not produce anything, and besides baked goods, the classic prosciutto ham, cheeses, drinks (primarily wine), and local fruits (for example, kiwi bushes entangle the Budva bus station, and pomegranates grow almost in every garden), all other products – especially canned food – will be labeled Macedonia, Serbia, Bosnia or Bulgaria.

Disadvantages of buying real estate in Montenegro

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Traveling around Montenegro without your own car looks, on the one hand, anecdotal and exotic, since PAZ-type buses still scurry along local roads, and, on the other hand, quite unpleasant for your health, although sometimes you can find very comfortable public transport. The train running from Belgrade to Bar and back is the subject of legends due to its speed of movement and the appetites of local border guards and customs officers. In this regard, it is best to buy housing in Montenegro in the place that is easiest to get to from the airports of Tivat or Croatian Dubrovnik.

Prices in Montenegro are significantly lower than in neighboring Croatia, but at the same time, due to the introduction of the euro, they are superior to Serbian or Bosnian prices. At the same time, the services provided by local specialists, including home repairs, are very expensive, but sometimes you have to wait longer than any reasonable time for their appearance. It is no coincidence that ten comic “commandments” appeared in Montenegro, among which are the following: “Don’t work – work kills”, “If you see someone resting, help him” or “Rest during the day so that you can sleep at night”. These principles of life often prevail in many official organizations, so the immigrant has no choice but to be patient and learn to wait.



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