Real estate in Montenegro is the most suitable investment of funds, which is not a secret for experienced investors. Buying real estate abroad is a profitable investment, especially today when real estate in many European countries has become relatively cheap after a hurricane or a world crisis.
At acquisition, the investor can comfortably rest in the country where he has the real estate and transfer habitation to trustful management to receive additional and considerably stable income. Therefore, given his preferences, the buyer always carefully studies the country and where he would like to buy real estate.
The decisive factors while choosing a property are:
- the climatic conditions of the place where the facility is located;
- the amount of non-recurring investments;
- simplicity and timing of the procedure for registration of real estate;
- the prospect of obtaining and the amount of additional income.
Real estate in Montenegro is profitable.
Demand for real estate in Montenegro has started to grow. Why are many attracted to investing in real estate in Montenegro? There are several reasons for this:
Montenegro is a unique place on the Adriatic coast. The climate is mild. It's almost always warm and sunny. The coastline of Montenegro is about 300 kilometres. The water temperature is from +12 to +26 ° C seven months a year; the water is surprisingly transparent, and the transparency in some places is more than 35 meters. Sunny days of the year are more than 300; nature is diverse and beautiful. The holiday season lasts almost the whole year—Available property prices.
The real estate cost significantly wins compared to prices in Spain, Italy and other countries on the Adriatic Coast. Government hospitably refers to those who are going to buy real estate. The procedure design is straightforward and clear. Demand for properties in Montenegro grows, and tourism is developing more, giving a good income from nested means. When purchasing real estate, the property owner gets a temporary residence permit. Without the restrictions, real estate can buy both physical and legal entities. After real estate registration in the property, they become residents of the country. You can take purchased properties for rent or on the conditions of employment. Alien pays the same taxes on the structure, to the ground, as citizens of the country. In buying property, an individual also owns the land on which the facility is located (House, Villa, cottage). Legal and individuals pay the same one-time duties and annual property taxes. This is also one of Montenegro's excellent features. For approximate estimates of expected cost, you can use the following price per square meter in the property market: secondary accommodation - 1100 - 1200 euro / m2; new buildings - 1500 - 2000 euro / m2.
Local features for foreigners
In purchasing real estate in Montenegro, some constraints are not burdensome. So, individuals can buy areas that are not more than 50 acres (5000 m2). Land lots with the status of the Forest or farmland foreign Nationals are not sold. The land is acquired with the structure, which must be capitalised and recorded in the cadastral documents rather than under construction. For legal entities, such restrictions are not valid. Registration of legal entities in Montenegro is easy. For legal entities, it is possible to get areas with any status; an exception is only a cross-border area.
Procedure and fee for making this deal
Sale deals are usually made out in court. For two months, lawyers, employees of the tax service and inventory check the purity of the transaction, determine the object's market value, prepare documents on the property, and determine the value of tax that must be paid to the state. The amount of one-time tax for the deal is 3% of the cost of the object. Tax is required to be paid within 15 days. Registration fee for notarisation in court documents on the property and entry entries for the cadastral register is 0,01 - buyer will also pay 0,025% of the cost of the object if purchasing just-built housing, a one-time tax will be 17% of the cost of the object.
Where to start?
Who wants to buy any real estate in Montenegro? It is not necessary to make everything themselves. Monterenta.ru is your friend in Montenegro! We will provide all the required services. Website firm www.monterenta.ru places expired classified ads for properties with characteristics and the value of objects, a list of services offered by specialist companies.