10 Reasons to Buy Real Estate and Invest in Montenegro 

Hi, yes, I think there are many positive reasons to move to Montenegro. You should first go and visit and see what you think. Do share your experience here in comments !

Thanks Stephan for the super positive comment ! Yes, it’s amazing once you open up your eyes and start looking around the world, comparing places, running the numbers, you start dreaming of options. Especially if you work hard for years, setting aside and building capital. We tend to invest at home, because it’s what we know, not because it makes sense financially, or because it’s where we would want to own long term. Just because it’s easier. Of course, everyone is different, but for me, it’s so exciting to open up to new options, new horizons. It does require doing a lot of checking, due diligence, because when you venture into new countries, at the same time there is an inherent risk. But always going the sure and known route is not the most exciting… :-) happy to hear about your own projects… seems you are on the search for your next location! Wishing you all the best. Nathan

Hi Stephan, any luck finding a place? As mentioned in some other comments, we can share the names of the realtors we trust, and the amazing lawyer, architect and site surveyor we used. Feel free to share here any link to your own project!

Hi Stephen, currently bracing for the Ottawa winter.....but looking at the same option. Wondering how far along the process you're at? Might be interesting to compare notes.

Thanks for your comment. Yes, the bay of Kotor is just incredible, it's one reason why we fell in love with Montenegro !!!

Yes, in many places more than doubled! I think Zabljak still has good upside potential but only if someone gets something unique. Also there are still deals to be found around the bay of Kotor, but it’s getting tougher….

Thank you MPA !!! Appreciate it. More videos to come about the whole experience of searching for land, buying and then building :-)

Thank you Jamie. Yes, I know there are amazing real estate opportunities in Uruguay... feel free to share here a link of any projects you wish to showcase and share with the Blue Vista Properties community.

Thanks for your comment. We have had a great experience with the locals we've met and worked with, and as you say, in general really impressed by the level of honesty. I've had much worse experiences in other places around the world, in Montenegro from the realtor, the lawyer, the architect, every experience was positive !!!

Great, thank you for your comment and glad you liked the video!

Thank you Alain.

Hi Jarek, amazing that you know that house !!! What a small world :-) Do you own property or do real estate in Montenegro? And yes, that is correct. It is possible to park on the road, and you have to walk a small distance to the house. But the price is amazing in comparison to anything I've seen on traditional Mediterranean countries, like Italy, France, etc.

Hi Dennis, thanks for the positive comment and great to hear. I won’t be there but if you’re interested in looking at Real Estate I can put you in touch with Peter. If yes shoot me an e-mail at info@bluevistaproperties.com Wishing you an amazing trip and I hope you get nice weather!

Hello, thank you for taking the time to leave a comprehensive message. Yes, I agree that it’s not all perfect, and maybe I should do a video about the pros and cons. From a pure investment opportunity, I saw houses for sale in Perast, in a UNESCO heritage city, in stone with terrace and sea view for €350k. My assessment is that house should be worth minimum €1.2M based on market prices and other country comps, with the potential in the future to be worth even more. Within two years similar properties were at €700K, so there was an opportunity the to buy very cheap in a beautiful country. I have purchased in many countries around the world, and the process in Montenegro was one of the smoothest. I like the fact that it’s a small country with a low population. With just over 600k inhabitants, it’s much easier to fix problems if you have a strong revenue from tourism. But I agree roads are an issue, and it is definitely not perfect. That’s also why prices were so low. It’s still possible to find great deals. When I was in Costa Rica 10 years ago telling people to buy in Guiones, where I purchased, many people gave me all the reasons not to buy, prices had gone up, Costa Rica was nice but also had many issues. Those who did buy saw a 3X on their investments. But money is not everything, I actually love going to Montenegro. I have been on holiday with my kids and travelled all over, then multiple other trips, and every time I loved it. I meant amazing people, I felt safe, prices were low. But as you say, limited selection of organic food and overpriced, I just believe this will get fixed over the mid term and will change. That is my experience when you go early on a country where there are still a lot of issues. But it’s risky, what if it does not get better? That is why prices are so much lower. But again, thank you for your comment and for helping to show that it is definitely not all perfect and there are also many not so great things to consider!

@@bluevistaproperties There is no perfect place in the world, they all have their pros and cons. I live in Dubai for 20 years and bought property when everybody said Dxb is finished (2009) and now it has doubled in price. Dubai has no significant nature and the tech crazyness is alarming but on the other hand it is very safe from street crime and has 10 lane highways in top condition all over the country and the supermarkets are as big as all of Tivat city combined (and cheaper!). Montenegro will eventually be swallowed up by EU and become super expensive. My impression is that many locals aren't so happy about all the foreigners trampling over their land. I look at the world from a Biblical worldview and see things that most other people either don't see or dismiss as "not such a problem"... A tiny country with a billion $ loan for a tofu-dreg Chinese built bridge going nowhere has a huge problem and the tax rate will not stay at 9% once they join EU (with forced digital ID and CBDC fake digital money). Also with the coming "great reset" orchestrated by the parasitic elite investments will all go to zero for those who have them now... WEF: "You will own NOTHING and be happy"! This is an age old plan and will come to fruition but those who do not read/study the Bible will not see what's coming upon the entire world.

Thank you. Looking forward to meeting when i come to Montenegro for the next stages of the project.

Overall we had a very good experience, always finding people who spoke English, whether it be for tourist purposes (hotels, restaurants, activities), or for business (lawyer, architect, realtor, etc.). However, if you go to grocery stores, or more remote locations (less touristy), I would expect it to be much more challenging. While visiting Zabljak, near Durmitor National Park, the AirBNB host did not speak any English. I used the Google Translate and it worked out pretty well LOL. But then in the restaurants, as I rented an electric mountain bike, everyone spoke well English. I hope this helps !

Indeed!

Hi Craig, indeed, you get a lot more for your money in Montenegro compared to most EU and other countries. We did not visit Bar and Ulcinj yet, but definitely plan to in the future!

I am moving to a place between Bar and Ulcinj soon into a libertarian community- Montelibero city. From the UK. Best of luck.

Hi Damian, thank you for your note. There are pros and cons for each country in the area. Since you already have EU citizenship, you really can pick the country that best matches your overall long terms goals in terms of location, overall environment and activities you enjoy, as well as cost of living. We have more knowledge on Montenegro than the other surrounding countries. We'd be happy to stay in touch and discuss early next year your options. Looking forward to touching base. Kind regards, Nathan

Hi Phil, thank you for your note and interest. Glad you found the video useful. The easiest would be to reach out to us at info@bluevistaproperties.com and we will do our very best to answer your questions.

@@bluevistaproperties Thanks so much! Email sent.

Just got here, You will love it if you love nature. Budva town or kotor are popular vibrant distinctions,

Hi Spencer, don’t hesitate to reach out to us if you want some referrals of real estate contacts for your investments. And make sure you share here your experience. We are building a small community of investors in Montenegro, to share tips, contacts, etc. Keep in touch !

Hi, I am not that familiar with Romania unfortunately. One thing to consider when you are looking at short-term rentals, like buying properties and putting them on AirBNB, is to understand the data related to tourists. Because of the sea and the historical towns on the water, Montenegro has a booming summer tourism business. This means, if you have a place that stands out, you can rent well during the tourism season. I believe Montenegro has more potential than Romania because of the tourism. You need to also compare taxes, legal framework, etc. But again, I am not familiar with Romania so I suggest you do a deep dive to compare the pros and cons of each. Wishing you the best of luck with your project !

I would like a video similar for Bucharest.

Hello Gordana, I’m glad you like the videos. You can write to me on info@bluevistaproperties.com and I can see how best to help you with your plans :-)

Hi Robert, glad you like the videos. You can reach us at info@bluevistaproperties.com Looking forward to hearing about your relocation plans :-)

@@bluevistaproperties amazing, thank you Nathan : )

Great to hear, there are quite a few people who have reached out and are interested in investing in Montenegro. We’re creating a small group of like minded individuals, so feel free to reach out to us.

Hello, thank you for your comment. It is difficult to get a mortgage unless you have either a business with steady revenues in Montenegro or an income here. Most banks in other countries (even if you have properties as collateral) will not do a mortgage loan for such investments.

Hi, it’s currently not possible to get a loan unless you have assets or money as collateral in the bank. Wishing you the best of luck with your project.

It’s quite easy to setup a business in Montenegro. I would recommend you go on site, and meet with a firm specializing in setting up businesses. However, the language could be an issue, if you have to communicate with local workers.

Hello, it’s difficult to provide as the prices have gone up significantly. Many areas the prices doubled in three years, so you could make a very good ROI. Now you’ll be buying at a higher base price. Still, there are great deals to be found, it just means you have to spend more time researching and you won’t get probably as much capital appreciation in such a short period of time.

Hi, prices vary tremendously mostly based on location and views. If you want something in a touristy location with sea views you’ll pay a premium. However if you’re willing to have something a little further from the top destinations you could find a small house for under €100K. There was a nice house in Zabrdje with stunning views, three bedrooms, selling for €200K, but then a few minutes away another house was selling for €650K. So there is quite a wide range depending on the type of house, the location and views, and any amenities like pool, etc.

Hello, the climate according to the Rough Guide is as follows: “The climate on the Montenegrin coast is typically Mediterranean with hot, dry summers and moderately cold winter months. The maximum temperatures in summer reach an average of 25 to 30 degrees Celsius. During the winter the temperatures drop to mild lows of between 4 and 11 degrees. Most of the annual precipitation falls during this time but snow is rare.” However, it will be cooler if you are not on the coast line, and more inland.

For property management, it depends on the number of units you have, and where they are located. Also, how involved you want to be. Do you want to manage the bookings and let someone local do arrival/departure/cleaning/repairs? Or do you want to hand over everything including bookings and optimizing nightly rates? Although I am sure there are bigger companies that do property management, you have many trustworthy locals that take care of multiple units on behalf of the owners. Where are your properties be located (of where are you considering)? Our projects are in the Tivat / Krasici areas.

Hi, thanks for your comment. Clearly prices have increased, and in particular in places like Porto Montenegro which have more than doubled in three years. But there are still great deals if you’re willing to venture a bit further. You do need a good realtor and I recommend everyone going on site to understand. I saw not that long ago some nice options on Lustica peninsula, also on the side towards Herceg Novi there are also still some nice deals…

@@bluevistaproperties thank you 🙏

Glad you liked it. Thanks for the comment :-)

Hello, thank you for your comment. It is indeed difficult to obtain permanent residency. Temporary residency for 1 year is easy to obtain if you start a company, there are advisers that can assist you. People that buy a home and wish to stay longer than 3 months often opt for this route. They just renew each year their temporary residency permit. There is a path to permanent residency indeed after 5 years, however it has some pretty strict rules about the amount of days you can leave the country during the whole period. This is very restrictive and does not work for most people unfortunately. If you have more questions, we can put you in contact with a residency specialist in Montenegro.

Hi, I just answered another post about healthcare, from a question from another person. Apologies for the delayed response. Let me know if you see it otherwise I can also copy/paste here.

Hi, Sardinia is part of Italy, so it has the same rules with regards to double taxation

Yes, there were amazing deals to be found at the time. Now many of the deals we looked at more than doubled, but we still see some great deals if you search well with lots of upside potential :-)

Hello, I have been a few times to Bali, however we did not buy or build experience there. Therefore it would not be correct for me to pretend that we have expertise. We have built a strong network in Montenegro and Sardinia. At the same time, being passionate about Real Estate, we following global trends. We even got involved in a project 2 years ago in Lombok, as the prices were so much lower than Bali and showing very interesting potential…

@@bluevistaproperties Ok thank you for sharing. Feel free to contact me if you need a real estate contact in Bali

Dubai is much much more developed, with very large international airport and tons of expats living there. So it’s a big city, with Sky Scrapers, etc and close to 3.5M inhabitants. Tivat is tiny tiny, with like 15’000 inhabitants :-) So it’s a complete different type of place. Really depends on what you are looking for! Hope that helps.

They are adapting now because of the new laws, so it goes up to 15% but depends on your level of income. So still very interesting!!!

@@bluevistaproperties yes i read that already. Thanks for following up!

Hello Lars, the great news is that Montenegro just started a Digital Nomad resident permit, so you can stay a year, and renew, without paying taxes in Montenegro. This makes it very interesting given the low cost of leaving, and how close it is to other EU countries.

they want to join the eu

Hello,with regards to speaking English, in the tourist areas, where people work with tourists, so restaurants, hotels, etc then yes. But otherwise not really.

Now I’m very curious to know why… but I guess I won’t ask :-)

Hello Angelo, feel free to post a link here to your house, in case any viewers might be interested.

Yes, sorry, I kept wanting to say Ocean and it is the Sea. Since I was a child I kind of used both words interchangeably, but it's completely wrong. Sorry about that :-(

Our experience has been great, and much better than other countries. It was upset efficient buying process. We‘’be spent a lot of time on holidays, and love going back. We know people who were retired in Croatia and moved to Montenegro and love it. Quite a few people look at it for retirement. I guess it depends on what people like and enjoy. There’s of course a lot less to do than some big European Mediterranean cities. But costs are much lower, climate is nice, scenery beautiful. So we love going there and would be happy to spend 6 months out of the year.

Hello, thank you for your comment and apologies for the delay to respond, I somehow had missed your question. I have done a video on where to buy. It’s not an easy question as it depends a lot on what your goals are, will you rent it, or you are looking for capital appreciation. Like most places in the world, location, location, location. So being in a beautiful area that is highly desirable and will be in the years to come for me is key. But prices will be higher. So you have to run some numbers. I tend to find the area around the Bay of Kotor one of the best options, but again, prices have gone up a lot since I started telling people to buy. But I still see from time to time incredible deals pop up in my alert feed! I can put you in contact with trusted realtors to help you fine tune based on your goals if that would be helpful. I can be reached at info@bluevistaproperties.com

Hi Aleksandar, you can contact me at info@BlueVistaProperties.com

You could be right, but with only 600’000 inhabitants, it could be easier for a small country to join than more controversial large ones… but let’s see, the future will tell!