Reviews about Montenegro real estate agencies

Thanks to the measured, calm life of the country, reasonable prices and picturesque natural landscapes, Montenegro is becoming an attractive destination for real estate buyers. To ensure a safe transaction, it is extremely important to read reviews of real estate agencies. Choosing a reliable agency and following the established stages of the purchase process guarantee a successful completion of the transaction.

Stages of purchasing real estate:

1. Selecting an object.
2. Checking documents.
3. Concluding a preliminary agreement with an advance payment (10% of the cost).
4. Signing the main agreement with a notary.
5. Registration in the cadastre.

Advantages of cooperation with agencies:

• Legal protection and verification of documentation.
• Saving time and full support at all stages of the transaction.
• Consultations on areas and various price categories.

Disadvantages:

• Commission fees range from 2 to 5%.
• There is a risk of encountering unscrupulous agencies.

Average property prices:

• Budva: from 2,000 to 3,500 €/m².
• Tivat: up to 5,000 €/m².
• Bar: from 1,200 to 2,000 €/m².

Real Estate Purchase in Montenegro: A Profitable Investment

Purchasing real estate in Montenegro is a profitable investment, the success and returns of which depend on understanding the market. Real estate agencies can assist with investments and yield high returns. However, choosing an agency in popular cities such as Budva, Tivat, and Bar requires thorough analysis of reviews and ratings of existing firms.

Criteria for Choosing an Agency

When selecting a real estate agency, several key factors should be considered:

• Impeccable reputation — the agency should have positive client reviews.
• Transparency — all terms of the deal should be clear and open to the client.
• Years of experience in the market — an agency with extensive experience in Montenegro’s real estate market is more reliable.

Professional agencies provide legal protection and save clients' time and effort but charge high commission fees — typically 2-5% of the property’s value.

The Real Estate Purchase Process

The process of purchasing property involves several essential steps:

1. Property search — choosing the right property based on criteria and budget.
2. Thorough document check — ensuring the property has clear legal ownership.
3. Signing a preliminary agreement — paying a deposit (usually 10%).
4. Notarial certification of the main contract — officially certifying the contract.
5. Registration of property rights — completing the deal and registering ownership.

Property Prices

Property prices in Montenegro vary depending on the region and type of property:

• Apartments: from €1200 to €5000 per square meter.
• Villas and houses: from €200,000.

Prices in Budva are higher than in Bar, while luxury properties in Tivat (such as in Porto Montenegro) are the most expensive.

The Importance of Choosing a Reliable Agency

Despite the attractiveness of Montenegro's real estate market, security and convenience in the transaction can only be ensured by working with a trusted agency. Paying attention to details, thoroughly reviewing documents, and considering additional expenses are key to a successful investment.