The following is an overview of our buying process. Remember, at any time you can contact us and we would be happy to help you learn more about buying process in Montenegro.
Off Plan properties
- Place a deposit on the property to reserve it (usually around 5000 euros), and a reservation agreement would be signed by both parties. The deposit is usually held in a Client Account.
- We will appoint a independent lawyer for you in Montenegro, who will carry out all required steps to confirm ownership of the apartment or villa.
- Pre-contracts and specifications are drawn up by the developer and your appointed lawyer will sign once approved by you. Upon signing, this is the point at which the first of staged payments are due
- A typical example of staged payments on an off plan property would be:
30% Pre-contract (minus deposit)
30% Foundations complete
30% Roof complete
10% Key handover and snag list
You can find the terms of payment on our website under ‘pricing and availability’.
Cost of Purchase
- Lawyer fee is around € 800,- to € 1000,-
- Stamp taxes are a one time charge for court registration of purchase contracts or pre-contracts. The charge is € 300,-
- Real Estate Tax: Purchase Tax is set at a rate of 3% of the value of the property
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