What is attractive real estate for Russians in Montenegro

The attractive real estate of Montenegro for Russians is primarily due to affordable prices. To buy an apartment in Montenegro, you will need to pay less amount than for example, in Yalta and Odessa. An additional plus is that housing here is built according to all European standards, and service costs are minimal.

If you often go to rest in this paradise of the world, and you have free financial resources, then buying an apartment in the country’s resort area will be the perfect option for you. After all, it will not be necessary to spend a lot of money on hotel rooms or rented apartments. The presence of your own housing will allow you to go to relax at any time convenient for you, and the rest of the time this real estate can be a good source of income.

Nuances and subtleties

It is important to know that in Montenegro there are places where construction is prohibited, and housing in these areas can be considered illegal, and this can further lead to serious problems for the owners. Therefore, when checking the documentation, it is worth paying attention to the availability of a building permit issued by the relevant state bodies.

It is also worth knowing that a foreign citizen who is an individual does not have the right to buy a land plot, such transactions are concluded only with citizens of the country or with foreigners – legal entities.

If earlier, to buy a land plot, foreigners registered a fictitious company and carried out a deal through it, now it is almost impossible, since this real estate segment is under strict control of state bodies. In addition, legal firms should regularly report to the tax authorities about their activities.

Buying foreign real estate is difficult, especially if you do not know all the legislative acts of this industry. Therefore, it is better to make such transactions with the help of professionals. For example, even if there are all documents for real estate, it is worth checking the construction permit and in the Urbanism Committee.

When buying an apartment in Montenegro from the buyer, only a passport is required (original). The purchase/sale agreement is signed in court, which takes only a few minutes, after which the desired housing in Montenegro goes into the property of a happy buyer.

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