Foreign Investment in Montenegro

02.06.2025

Foreign Investment in Montenegro - In recent years, many European countries, including Spain, Portugal, and Greece, have begun tightening regulations on foreign investment in real estate, mainly due to increasing frustration & protests from citizens who feel they are being forced out by higher prices and visitor numbers. From Golden Visa restrictions to rising taxes and stricter property purchase requirements, the landscape for international buyers is changin and as a result, savvy investors are now turning their attention to emerging markets that still offer flexibility, value, and long-term potential - with Montenegro firmly in the spotlight.

At CMM Montenegro, we’re seeing a marked increase in enquiries from buyers who are shifting their focus from saturated or restricted European markets to the untapped opportunities that Montenegro has to offer.

Europe’s Changing Stance on Foreign Investment

Countries like Spain and Portugal, once considered havens for foreign property buyers, have introduced new policies aimed at cooling their overheated markets:

• Spain has introduced greater scrutiny on non-EU investors and is considering ending residency rights linked to property purchases in high-demand areas.

• Portugal has effectively ended its Golden Visa for real estate in Lisbon, Porto, and the Algarve.

• Greece has doubled the minimum investment for residency in many regions, putting it out of reach for some buyers.

These moves are being made in response to domestic housing pressures, but they have also made property acquisition more complex, more expensive, and less attractive for foreign investors.

Montenegro: The Rising Star of the Balkans

While traditional European hotspots become more restrictive, Montenegro is doing the opposite - welcoming international investment with open arms.

Here’s why Montenegro is rapidly becoming a preferred destination for property buyers:

1. Investor-Friendly Environment

Montenegro maintains a highly favorable stance toward foreign property ownership. There are no restrictions on foreigners purchasing real estate, and the process is straightforward and transparent.

2. Low Taxation

Montenegro offers some of the lowest property taxes in Europe, along with flat income tax rates (15% as of 2025), making it highly attractive to both investors and retirees.

3. High Growth Potential

As an emerging market with EU accession on the horizon, Montenegro’s real estate sector is still in a growth phase. Properties here remain affordable compared to Western Europe, yet they offer strong capital appreciation and rental yield potential, especially in popular areas like Budva, Kotor, and Tivat.

4. Citizenship and Residency Opportunities

While Montenegro’s formal citizenship-by-investment programme has concluded, residency and long-term visa options remain accessible for property buyers, digital nomads, and entrepreneurs.

5. Lifestyle and Location

From its stunning Adriatic coastline and UNESCO-protected towns to its laid-back lifestyle and Mediterranean climate, Montenegro ticks all the boxes for people looking to combine lifestyle and investment.

Increased Buyer Interest from the UK and Beyond

At CMM Montenegro, we’ve noticed a sharp rise in interest from buyers in the UK, Germany, Scandinavia, and even countries as far afield as South Africa and Canada. Many are seeking safe, stable, and scenic locations where they can invest with confidence, and Montenegro offers exactly that.

Moreover, with improved connectivity through airports in Tivat and Podgorica, owning a second home or investment property in Montenegro has never been easier or more convenient.

Is Now the Time to Invest in Montenegro?

As traditional investment destinations become more restrictive, Montenegro stands out as a rare combination of opportunity, value, and accessibility. For those priced out or discouraged by new regulations in places like Spain or Portugal, Montenegro presents an exciting and viable alternative.

Whether you're looking for a seaside apartment, a luxury villa, or a development project, CMM Montenegro has the local expertise and property portfolio to help you make the right choice

Discover the Potential of Montenegro with CMM Group

Ready to explore real estate opportunities in one of Europe’s most promising markets?

Contact CMM Montenegro today to learn more about how we can help you find the perfect property - and enjoy the freedom that many other European countries no longer offer.

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Reviews

• In period May-August 2022 we sold our flats in St-Petersburg Russia and  have bought two  ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic  is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional  employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.

  Liudmila Nosova St-Petersburg Russia , 13.09.2022 10:20:09

• At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
  Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
  I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
  With gratitude on behalf of our family.

  A.V. Ter-Gazaryan, 12.07.2022 11:32:19

• Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
  I would strongly recommend this company to anyone who is looking for a property in Montenegro.
  

  Val , 13.05.2022 03:18:13

• We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
  We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
  After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
  We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
  Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.
  

  Mandy and Antoine, 06.10.2021 09:56:22

• Biz Montenegroda CMM komandayla  tanish olmushug. Snejana ve Milan bize cox  yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!

  Dilara, 01.10.2019 07:17:27

• Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!

  Kate, 22.03.2019 12:06:21