Growing tourism, the euro as the currency, a favourable tax framework and a clear legal process. Rental ROI potential of ~4–12% per year (depending on location and asset quality).
The sale contract is signed before a notary (a passport is usually sufficient). A notarized power of attorney (POA) can be used if needed. The notary files the land-registry entry; a reservation deposit is often paid (e.g., €5,000).
Typically €1,000–1,300 for an apartment of ~€120,000 (notary, translation, court interpreter, cadastre). Varies by municipality and scope of the contract.
When buying from a private seller you usually pay 3% transfer tax (on assessed value). When buying directly from a developer the 3% typically does not apply (VAT included in the price) — confirm with the notary/accountant.
Municipal property tax (hundreds of euros per year, depending on value and location), building maintenance (~€0.20–0.50/m² monthly) and utilities based on consumption.
Budva/Bečići/Rafailovići (high ADR in summer), Tivat/Herceg Novi (Porto zones — premium), Kotor Bay (stable demand), Bar/Sutomore (great value vs income).
VAT is 21%. Corporate income tax is low compared to the region (approx. 9–15% depending on regime). Rental income is taxed per current rules — confirm with an accountant.
Turn-key: furnishing, cleaning, maintenance, check-in/out, marketing and bill payments. A typical split is 70/30 (owner/manager); the fee covers operations.
Stage payments (interest-free) are common when buying from developers. Bank loans for non-residents are limited; indicative rates ~4.5–8% (varies by bank and profile).
Yes. Virtual/video/drone tours of the property; signing via notarized POA; payments go through the notary or according to the agreed payment schedule.
Note: Tax rates and fees vary by municipality and year — always confirm amounts with your notary and accountant.
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