Land plots in Montenegro

If you dream of building your own residential building on the warm, eco-friendly coast of the Adriatic Sea, you will be of considerable interest in purchasing a land plot in Montenegro. When purchasing land in Montenegro for ownership, buyers consider not only the possibility of building a comfortable villa in Montenegro for their family to live, but also as a profitable investment project. This may be the construction of residential or commercial real estate for a profitable sale in the future. As an alternative, it is also possible to sell the site itself, which over time can bring a very tangible income.

According to the legislation of Montenegro, any individual or legal entity can purchase land for the construction of facilities. But it should be borne in mind that an individual foreigner has the right to purchase a plot of no more than 5000m2, and a legal entity can acquire land for various purposes with almost no restrictions. The exceptions are plots that are not allowed for sale: in protected areas, national parks, on most islands, in protected green areas, etc.

The cost of a land plot in Montenegro, first of all, depends on its location. Coastal lands are very popular sites: on the Budva and Bar Riviera, in the area of the Boka Kotor Bay for the construction of luxury villas on the first line. No less interesting are the land plots in the mountainous area, near magnificent forests, glacial lakes, the famous ski slopes Kolasina and Zabljak.

At the same time, location is not the only parameter that determines the cost of land in Montenegro. The availability of access roads, the ability to connect to electrical and other city networks, obtaining a building permit are also very important. It would be a wrong decision to simply buy land to build a house without first checking the documents. In this case, you run the risk of acquiring a non-urbanized plot of land, and you will not be able to quickly obtain permission to build the property you need or legalize the property in the future.

Prior to the commencement of construction work on an urbanized land plot (UDP), it is necessary to clearly define the purpose of the acquisition and purpose of the land plot, professionally prepare documents and obtain a complete set of design and permit documentation. It is important to take into account the number of property owners and the exclusion of any encumbrances.

The new owner of the land after signing the contract of sale pays a tax on the purchase of real estate in the amount of 3% of the cost. This transaction is assigned a number in the cadastre and an extract from the property register is issued - list nepokretnosti.