

Montenegro is a small country in southeastern Europe, Crna Gora being the indigenous name, literally meaning "Black Mountain" which refers to the mountains of the area that have always been covered in black pine (pinusnegra). Podgorica is the capital. Incredibly, this tiny republic has an amazing 300km coastline with 117 stunning beaches totalling 73km in length. The Mediterranean climate offers on average 240 sunny days per year making Montenegro a beach lovers paradise. It is a land blessed by exceptional versatility and colourful contrasts with unmatched natural beauty and centuries of traditions, some still visible in the small villages along the coast. Most of its people are Orthodox Christian. By virtue of its location Montenegro belongs to the Middle Mediterranean region.Montenegro, to the south it shares the Adriatic Sea with Italy, and to the west its neighbours are Croatia and Bosnia and Herzegovina. The official language is Serbian and the most often spoken languages are English, Italian, and German. Montenegro has also recently adopted the Euro as its own currency.
Montenegrin law allows foreigners to make investment into commercial or vacation property in Montenegro without hindrance. The procedure of purchase and sale is not complicated and with our help made very easy. Our Sales staff in Montenegro will assist you with drawing up the necessary documents and register the purchase or sale of property. At the registration of the purchase and sale contract the 2% purchase tax for re sales and zero for new properties is payable. Real estate tax is rather low and does not exceed 100-200 EUR per year for a Apartment with the area of 90 square meters. The tax on rent for real estate is merely symbolic. The Agent Fees are usually 4%.
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