The procedure is quite simple.
If you have selected a property and agreed with the seller, you enter into a contract in one of the Notary Offices in the place where the property is located. Upon completion of the contract and payment of the total agreed price, the seller certifies the clause to the intabulandi with which he confirms that he has received the entire amount from the buyer and enables him to is booked on a given property.
A buyer who buys newly built real estate from a legal entity is not required to pay sales tax which is 3% of the real estate value.
A buyer who buys a property from a natural person who was previously registered on the property as the owner is liable to pay sales tax
. Notarial fees depend on the value of the case.
Foreign nationals can easily buy real estate in Montenegro, and are equated with the local population.
Buying a property in Montenegro can take some time, so it is much better to buy through an existing agency. We are local people, we know the rules, we have many contacts and connections - so it is logical that we can solve the whole buying process without unnecessary headaches and problems