Buying property in Montenegro - a professional service.

Real-estate & houses in St. Stefa, Kotor, Kotor-Muo, Petrovac, Herceg Novi, Podgorica, island Ada Bojana Ulcinj, Budva and Sveti Stefan, Ostrog, Bjelopavlici, Boka - Bokokotorska, Sveti Marko, Mamula, Gospa od Skrpjela, Sveti Djordje, Milosrdja, Ostrvo cveca and Mala Gospa, Ada Bojana, Skadarsko jezero, Scadar, Durmitor, Biogradska gora, Tivat, Ulcinj, Bar, Budva

The Sunday Telegraph described Montenegro as as
the “undiscovered gem of the Mediterranean”.

We have been involved in east and south European real-estate deals for 15 years.

We know Montenegro is now - in 2010 - the most promising of investment countries in Europe
having replaced Croatia in terms of potential return on investments.

Please send us your projects - buying, selling or financing tourism projects -
we have the solution.

MONTENEGRO - FACT & FIGURES:

Total number of foreign 280,000 tourist 2005. 1 million in 2007
International bednights foreigners 2008 7.6 million bednights
Revenue from foreign tourist Euro 2008 was EUR 500 m.
Six coastal municipalities count for the 96,88% of all the overnight stays.

Montenegro is situated in the heart of the Mediterranean, in the south of Europe. Montenegro is a land of unusual contrast, at the border between the east and west it past through many various courses of civilization and culture. Therefore, even till today you can feel the traces of the Byzantine, Moslem, Venice and Austro-Hungarian influences. Meanwhile, the most dominant culture that exists is the Slovenian one.

For a long time Montenegro has been known as a land of “ humanity and courage” , honor and justice being the choice of every Montenegrin.

Montenegro is a land of contrasts and undiscovered natural beauty.

On one side we have the southernmost fjord in Europe – Boka Kotorska bay, 117 sandy beaches, numerous renaissance coastal towns. While, on the other side peaceful mountain scenes beside glacial lakes.

Feel the adrenaline surge while rafting down the canyon of the Tara river, the deepest canyon in Europe or get accustomed to nature again in the virgin beauty of Biogradska gora, the last virgin forest in Europe. Cruise along the largest lake and the biggest bird reservation in Europe - Skadar Lake. Experience the special dimension found in the particular combination of ethics and aesthetics which are the soul of Montenegro.

The fabulously jagged coastline of the Adriatic sea offers you the variety of beaches, coves, bays and islets that you have been dreaming of and in that way bringing you to Montenegro essential identity – the mountains.
There are three colors present in the Montenegrin landscape: blue , emerald green and iron gray, amazingly combined and interwoven, because of its priceless natural beauty, Montenegro was proclaimed an ecological state through a special declaration. The most important natural resources are four national parks : “Durmitor” designated by UNESCO, “Biogradska gora”, “ Skadar Lake ” and Mount “Lovcen”.

Exotic unforgettable landscapes, imaginative bays, eternal natural beauty, beaches and rocks makes Montenegro a “wild beauty” in Europe, where you can experience the challenge and excitement, adventure and love, the combination of incompatible.

Country info:
On the southeast, it borders with Albania; from the south, the Adriatic Sea separates it from Italy, and on the west its neighbors are the Republic of Croatia and Bosnia and Herzegovina.

Surface: 13.812 km2

Population:
662.000

Length of borders:
614 km

Largest town:

Podgorica (173.000 inhabitants)- the administrative and economic center

Capital: Cetinje - the historical and cultural center

Currency: Euro
Length of seacoast:
293 km

Length of beaches: 73 km

The longest beach:
Velika plaza, Ulcinj - 13.000 m

The highest peak:
Bobotov kuk (mountain Durmitor) - 2.522m

The largest lake: Skadar - 391 km2

The deepest canyon: Tara - 1.300 m

The largest bay:
Boka kotorska

National parks:

Durmitor - 39.000 ha
Lovcen - 6.400 ha
Biogradska gora - 5.400 ha
The Skadar Lake - 40.000 ha

The world natural and cultural heritage under the protection of UNESCO:
- The Mount Durmitor with the canyon of the Tara River
- Kotor - the old city

Transport communications: -two international airports in Montenegro: Podgorica and Tivat and one in Croatia(Dubrovnik)
- port Bar, port Kotor, port Herceg Novi and port Budva ferry connections on the line Bar-Bari, Bar-Ancona, and Kotor-Bari
- rail-way Bar - Podgorica - Beograd
- The Adriatic Highway
Total length of roads:
5.174 km

Length of railway:
249 km

Border crossings: -Albania: Bozaj (The Skadar Lake) Sukobin, Grncar
- Croatia: Debeli brijeg , Kobila
- Bosnia and Herzegovina: Sitnica, Vracenovici, Scepan polje, Metaljka, Ilino brdo, Krstac, Nudo, Sula
- Sea border: ports Bar, Kotor, Budva and Zelenika

Montenegro accepted joint European currency, euro (EUR) (€) as a means of payment in its territory.

Seaside resorts

Ulcinj (Velika plaza/Big beach, Ada), Bar (Sutomore, Canj), Budva (Petrovac, Milocer, Sveti Stefan, Becici), Tivat (Donja Lastva, Radovici), Kotor (Risan, Perast, Prcanj) and Herceg-Novi (Bijela, Igalo).

Mountain resorts

Zabljak (Durmitor), Kolasin (Bjelasica), Berane (Lokve), Rozaje (Turjak).

Hunting tourism
Hunting grounds are: Skadar lake, Durmitor, Bjelopavlici plain, Crmnica, Ulcinj (Sas)
Fishing: Skadar lake, Crno jezero/Black lake, Biogradsko jezero, rivers: Moraca, Tara, Bojana and Zeta, coastal region.

National parks

There are four national parks in Montenegro.

Prices in restaurants and café:
- Coffee, cappuccino: 0,5-1,2 EUR
- Beer: 1 - 2 EUR
- Montenegrin wine: 8 - 12 EUR
- Main dish with meat (beefsteak, steak): 5 - 10 EUR
- Sea fish of the first category 1 kg:35 - 40 EUR

Montenegro has got 240.000 beds in all types of accommodation. Of that 26.000 is in hotels and tourist villages, 20.000 beds in camping sites, 18.000 in rest homes, and the rest in private accommodation.

Registration in the name of the new owner takes up to three months from conclusion of the sales contract during which time the new owner can take possession of the property.

If the buyer wants a property he simply pays for it at the same time as he signs a full sales contract with the owner(s) and that's that. Alternatively he can pay a deposit, wait a month or so and then pay the rest. It depends on his agreement with the owner(s).

The purchaser will have to give a copy of his passport to the lawyer together with power of attorney for the lawyer to do the conveyance on his behalf. This is quite normal but a standard precaution is to check that the power of attorney is for conveyance and he's not inadvertently giving permission for the lawyer to do something else.

This is a discrepancy in the law that will be ironed out in early 2006 when foreigners will be able to buy anything they want anywhere they want.

The alternative for the time being with houses with land plots over 500 sq m is to open a company. This is a fairly simple process and can be done mostly by power of attorney but it's best to make sure a good lawyer is engaged to take care of everything.

A company can be opened by a lawyer for around 500 EUR

Bookkeeping costs for preparation of company accounts are around 100 EURO per month.

Legal fees for title checking and conveyance are around 500 EURO.

Real estate transfer tax payable to the government by the purchaser is calculated at 2% of the value of the property.

Unlike Croatia there is no requirement to wait for permission from any government ministry in order to purchase directly as a foreigner or via a company.

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Montenegro Beaches: