Montenegro is open to foreign buyers. This is how a purchase works, step by step, and what is different when you buy in a condo hotel such as Royal Collection.
Who can buy
Foreign individuals and companies can buy property in Montenegro on the same terms as Montenegrin citizens, under the Law on Property Relations. The exceptions are agricultural land, forests and land near the border or on islands.
The contract and the notary
A purchase contract for real estate is signed before a public notary. The contract is then recorded in the cadastre, the Montenegrin real estate register.
Buying in a condo hotel
In a condo hotel, the sale contract is first recorded (annotated) in the cadastre. Ownership is registered once the hotel receives its operating approval and category. The residence is run by the hotel under a hotel management agreement, signed together with the purchase contract.
Buying through a company
Companies and family offices can hold residences through a Montenegrin company (d.o.o.). At Royal Collection, the corporate package holds each residence in its own company, owned by the investor.
