Russians in Montenegro: First tourists, then we buy an apartment

Russian woman Karina Monakhova decided to buy real estate in Montenegro and move with her family from Moscow to the city of Bar.

According to Karina, she and her family lived in Montenegro as tourists for the first year and then decided to buy an apartment. Buying real estate in Montenegro turned out to be very easy and quick compared to Russia, and they did not encounter any problems, including obtaining a residence permit. Karina says that they are not the only ones - many Russian families are also looking for a new home in Montenegro. Last year alone, Russian citizens spent about 39 million euros on real estate purchases, making them the largest foreign investors in the area.

According to the Central Bank'. he Porto Montenegro complex in Tivat, which attracts foreign tourists, Russians are also the most numerous buyers of real estate.

On average, the price per square meter of new buildings in' 'Montenegro is around 1200 euros, border regions have a higher cost and central and northern regions have a lower cost.