Сost of property
The cost of property in Montenegro depends on the region: in Budva prices per square metre are 2,800-4,200 euros, in Kotor - 2,400-3,800 euros, in Tivat - 2,200-5,500 euros, and in Bar - 1,400-2,500 euros. In Podgorica, flats cost 1,400-2,200 euros per square metre, while in mountainous areas such as Kolasin and Zabljak, you can find options from 1,000 euros. Luxury properties in prestigious locations such as Sveti Stefan reach 4,500-6,000 euros per square metre. Prices are rising, especially against the background of Montenegro's possible accession to the EU.
Residence permit
Property owners in Montenegro can obtain a residence permit without conditions on the minimum value of the property. The residence permit is issued for one year with the possibility of extension, provided that the property is retained. The applicant must prove financial solvency (7 300 euros per year), take out health insurance and provide a standard package of documents. The residence permit entitles the applicant to residence, banking services and family reunification, but does not entitle the applicant to work. This method is one of the most affordable options for legal residence in the country.
Nature
Montenegro's nature is unique due to the amazing combination of mountains, canyons, rivers, lakes and the Adriatic coastline in a small area. There is one of the deepest canyons in Europe - Tara Canyon, the largest in the Balkans Skadar Lake and the picturesque Boka Kotor Bay. The diversity of climatic zones creates a rich flora and fauna, from alpine meadows in the north to Mediterranean forests and olive groves in the south. National parks such as Durmitor and Lovcen protect pristine nature, making Montenegro an ideal destination for ecotourism and outdoor activities.