How to buy real estate in Montenegro? Apartment prices in Budva, Kotor, Tivat

The real estate market has been particularly attractive this year, and more people have started looking for properties in the region. The most interesting properties are on the coast, and a significant number of people, both our compatriots and neighbors from the region, as well as people from all over the world, rush to Montenegro when choosing a place to buy.

The offer on the Montenegrin coast is diverse, and you can find everything from apartments, apartments and studios to luxury houses and villas. According to the website nekretnine.rs, prices per square meter in Montenegro are on average 1500 euros and above, with some exceptions, reports Blic. For example, you can find a studio of about 30 square meters at a price of 46,600 euros, which costs one in Budva, 400 meters from the beach, and an apartment with a sea view of 133 square meters in Igalo, for 195,000 euros, but there are also luxury apartments for sale, such as an apartment in Tivat of 92 square meters with a panoramic view of the bay for 275,000 euros.

Budva

Compared to the average prices, real estate prices in Budva and its surroundings are slightly higher. Thus, in Becici you can find a new apartment of 29 square meters at a price of 46 600 euros, that is 1606 euros per square meter, 400 meters from the beach. In the very center of Budva are mostly sold apartments of 50 square meters and more. A one-bedroom apartment with a sea view of 67 square meters costs 168,000 euros, which is 2507 euros per square meter. In case of interest in a furnished apartment, such as an apartment of 51 square meters also in the center, you need to allocate about 2430 euros per square meter. Also, in Rafailovici new apartments 50 meters from the sea with an area of 73 square meters are currently for sale at a price of about 2200 euros per square meter, that is 160 600 euros in total. There are also a significant number of luxury properties for sale in Budva, with prices in the millions of euros.

Kotor

With regard to Kotor, in Dobrota, an unfurnished apartment in a new building with a sea view with an area of 52 square meters costs 110,000 euros, that is, about 2115 euros per square meter. On the other hand, a four-room duplex in the heart of the Old Town in Kotor with an area of 110 square meters costs 260,000 euros. It should be noted that the apartment is fully furnished and renovated, and is located on Bokel Marine Square with views from the terrace.

Herceg Novi

According to the website nekretnine.rs, Herceg Novi has the lowest real estate prices, in some cases even well below the average. Thus, the owner of a three-room duplex with an area of 104 square meters asks about 91,000 euros, that is, 875 euros per square meter, but it should be noted that this apartment, as described by its owner, is located a few minutes from the center. If you are looking for something closer to the coast, for a one-bedroom apartment of 45 square meters in 250 meters from the sea you have to pay about 1377 euros per square meter, that is 62,000 euros. In Igalo, for a spacious one-bedroom apartment of 133 square meters with panoramic sea view you have to pay 195,000 euros, i.e. about 1466 euros.

Tivat

In the case of Tivat, the prices, as in Budva, are above average, and for one-bedroom apartments and studios a little more than average is required. A large number of properties for sale are in Porto Montenegro, where apartments cost a fortune and this raises the average price per square meter in Tivat, but there is also a significant amount of affordable properties. In 5 minutes from the center of Tivat is offered an apartment in a new building with an area of 45 square meters, which is sold at a price of 1800 euros per square meter, that is 81,000 euros. In the heart of Tivat, a 54 square meter attic apartment with an attractive sea view is sold at a price of 120,000 euros, while a furnished apartment in a new building with a swimming pool of 55 square meters is sold at a price of 75,000 euros.

How to buy real estate?

When it comes to the buying process, to buy real estate in Montenegro you will first of all need a passport. Agencies recommend that, in addition to the assistance they provide, you hire a licensed attorney to conduct a detailed records review. After signing the sale and purchase agreement, you must register as the new owner of the property.