Sale of land in Montenegro. What is useful to know.

The demand for land in Montenegro is growing steadily, and there are several reasons for this. Here's why investing in land is becoming increasingly popular:

1. Individual Projects
   • Finding the perfect property: Finished real estate does not always meet all buyer expectations.
   • Personal project: Building a house according to an individual project is easier than rebuilding an existing building.
2. Investment Opportunities
   • Long-term investments: Land plots are attractive for the construction of housing, hotels, offices or apartment buildings, which can generate income in the future.
   • Market Forecasting: Investing in land allows you to predict the market and make a profit.

Nuances of Buying Land in Montenegro

A land purchase and sale transaction has its own characteristics, which are important to know:

1. Area restrictions
   • Individuals: Cannot buy plots larger than 5000 sq.m.
   • Legal entities: Can purchase land without significant restrictions, with the exception of areas prohibited for sale.
2. Residence permit (residence permit)
   • Buying land: Does not give the right to obtain a residence permit.
   • Construction: A residence permit can be obtained only after the construction of a building on the site and its entry into the register.
3. Types of Earth
   • Non-urbanized land: Not included in the Master Development Plan of the country.
   • Urbanized land: Construction of facilities according to the approved project is permitted.
4. Purpose of the Site
   • Construction permits: It is important to know what type of construction the site is intended for - a private house, an apartment building, an agricultural facility, a pasture or a garden.

Recommendations for Investing in Land

In order for investment in land to be successful, it is worth considering several points:

• Specialist consultations: Contact professionals to find out all the details and get accurate information.
• Verification of documents: Make sure all permits and documents are in order.
• Construction planning: Plan the project carefully, taking into account the intended purpose of the site and the types of construction permitted.

Knowing all these aspects will help you make the right choice and successfully invest in land in Montenegro. Our experts are ready to help you with any questions and ensure a smooth purchasing and construction process.