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Real estate sales and Property tax in Montenegro

Real estate sales and Property tax in Montenegro

Real estate sales tax The real estate sales tax rate in Montenegro is 3% of the market value of the property. Real estate sales tax is not paid for new real estate, but only for used real estate, so if you are buying an apartment in a new building and you are the first owner […]

Costs of purchase agreement  in Montenegro

Costs of purchase agreement in Montenegro

VAT of 21% is required to add to above listed tariff. For a real estate property value over € 120,000.00, for every additional € 15,000, the fee is increased by € 10, but it cannot exceed € 5000. In case we have a pre-contract, the fees will be subject to a 50% fee under above […]

Basic information about Montenegro

Basic information about Montenegro

Administrative capital: Podgorica Historical capital: Cetinje Population: 650 000 Coastline: 293 km Length of beaches: 73 km Highest point: 2523 km National Parks: Durmitor, Squirrel, Skadar Lake, Biogradska worse, Prokletije Language: Montenegrin-Serbian, Bosnian, Croatian Border: with Serbia, Bosnia and Herzegovina, Croatia, Albania Currency: euro Geography Montenegro is located in southeastern Europe on the Balkan Peninsula. […]

Trade procedure

Trade procedure

Once you find the right property through a sales agent, and agree with the owner about the conditions of a purchasing procedure, a contract is signed to the public notary. The contract describes the obligations of the buyer and the details about the price and terms of payment . The buyer then pays a deposit […]