New building or secondary?

Nuances of buying real estate: primary versus secondary in Montenegro

Before deciding to purchase real estate in Montenegro, it is important to understand the differences between the primary and secondary markets.

Pros of the secondary market:

1. Proven quality: Homes on the resale market have already stood the test of time, allowing them to be assessed for their livability. You can find out if there are problems with humidity, electricity, noise and other nuances.
2. Readiness: There are many properties with high-quality repairs and furniture on the secondary market.
3. Variety of options: Wide selection of properties for different budgets.
4. Possibility of bargaining: Unlike the primary market, the secondary market often provides the opportunity to bargain.
5. Developed infrastructure: In areas with secondary real estate, the infrastructure is usually more developed.
6. Quick check-in: Real estate on the secondary market is already ready for occupancy and operation.
7. Rental business: Opportunity to start a rental business immediately.

Advantages of the primary market:

1. Additional amenities: Developers often provide free parking space for cars and elevators in their houses.
2. Durability: Objects on the primary market have a longer service life.
3. Better prices: Apartments directly from the developer may be cheaper due to the absence of intermediaries.
4. Possibility of your own design: You can make renovations to your liking, especially if the apartment is offered without finishing.
5. Tax exemption: The purchase of a primary residence is exempt from paying 3% tax.
6. Novelty: All new buildings offer modern layouts and communications.

The choice between primary and secondary market depends on your needs and preferences. We are ready to help you make the right choice and organize the purchase of real estate in Montenegro with maximum benefit for you.