Property prices in Montenegro

In our current offer the median asking price per square metre is 4.830 €/m² and the median asking price is 620.000 € (cut-off 2026-10-12, 371 listings for sale with a known price). These are sellers' asking prices; land is left out of the price per square metre because its price refers to the plot.

In our current offer in Budva, the median asking price per square metre is 4.315 €/m² and the median asking price is 550.000 €, from 143 listings for sale. These are sellers' asking prices, not achieved prices.

In our current offer in Tivat, the median asking price per square metre is 7.440 €/m² and the median asking price is 625.000 €, from 136 listings for sale. These are sellers' asking prices, not achieved prices.

In our current offer in Kotor, the median asking price per square metre is 4.593 €/m² and the median asking price is 680.000 €, from 70 listings for sale. These are sellers' asking prices, not achieved prices.

In our current offer in Herceg Novi, the median asking price per square metre is 5.335 €/m² and the median asking price is 1.045.000 €, from 50 listings for sale. These are sellers' asking prices, not achieved prices.

No. Every price on this page is an asking price from an active listing of the agency nekretnina.me on the cut-off date. The achieved price is agreed between buyer and seller and is not known to us, so none of these figures describes it. Listings priced on request are counted separately and enter no median.

Because each town offers a different mix of property. Large managed developments such as Porto Montenegro and Luštica Bay lift the price per square metre in Tivat; Budva has the widest spread, from small apartments to villas; Herceg Novi has more villas on offer, so its median per listing is high even where the square metre is not necessarily dearer. That is why prices are compared by town and type rather than for Montenegro as a whole.

Beyond the price, a buyer budgets for real estate transfer tax, the notary's fee, the cadastre registration fee and, if engaged, a lawyer. The tax rate is not a single figure for every purchase: the law sets it in bands by property value, and the base is the market value assessed by the Tax Administration, which need not be the price written in the contract. New-build bought directly from the developer attracts VAT — already included in the price — instead of transfer tax. The dependable way to get a number is to ask the notary for the specific property rather than applying one flat rate in advance.

Yes. Foreign nationals can buy an apartment, a house or commercial premises in their own name on the same terms as Montenegrin citizens. Restrictions apply to agricultural land, forests and land in the border zone: a foreign individual may acquire such land up to 5,000 m², and then only where the contract concerns a residential building on that plot. For larger areas, buyers commonly set up a Montenegrin company, which counts as a domestic legal entity even when it is wholly foreign-owned. The framework is the Law on Property-Legal Relations; the status of a specific plot should be confirmed in the cadastre before any deposit.