Are there taxes on new build property in Montenegro?

New-build properties in Montenegro are subject to 21% VAT, which is already included in the developer's asking price. There is no additional transfer tax on first sales from a developer. Buyer commission is 0%. Annual property tax of 0.25-1% of assessed value applies after purchase.

What is the minimum price for a new build apartment in Montenegro?

New build studio apartments in Bar and Sutomore start from around EUR 80,000-100,000. In Budva, new build studios start from EUR 120,000-150,000. In Tivat near Porto Montenegro, new builds start from EUR 200,000. Prices per m2 range from EUR 1,500 (Bar) to EUR 8,000+ (Porto Montenegro marina front).

How is a new build purchase protected in Montenegro?

New build purchases in Montenegro are protected by a notarised Predugovor (pre-contract) which is legally binding on the developer. Stage payments are typically linked to construction milestones. Bank guarantees are available from some developers. Due diligence should confirm the developer holds a valid building permit and land ownership before any payment.

Can foreigners buy off-plan (pre-construction) property in Montenegro?

Yes. Foreign nationals can purchase off-plan new builds in Montenegro on the same terms as citizens. The purchase process follows the same steps: reservation, notarised pre-contract with staged payments, and final contract on completion. Off-plan prices are typically 10-20% below completed property prices in the same development.

New Build Property Montenegro 2026 | Off-Plan & Developer Sales

Montenegro’s new-build property market offers modern apartments and villas directly from developers, with 21% VAT already included in the listed price and 0% buyer commission. New constructions in Budva, Tivat and Bar are available from EUR 120,000.

New Build Key Facts 2026

VAT: 21% included in developer price
Buyer commission: 0%
Entry price: from EUR 120,000 (Budva studio)
Tivat marina area: from EUR 200,000
Completion guarantee: via notarised pre-contract
Ownership: 100% freehold, all nationalities

Why Buy New Build in Montenegro?

New-build properties in Montenegro offer modern finishes, energy efficiency, and developer warranties. Unlike resale property, new builds are exempt from the progressive transfer tax (3-6%) — you pay 21% VAT which is already included in the developer’s asking price. No hidden taxes on completion.

Top Locations for New Build Property

Budva — largest selection of new apartments, EUR 3,500-6,000/m2. Tivat / Porto Montenegro — luxury marina-front new builds, EUR 5,000-12,000/m2. Bar — most affordable new builds, EUR 1,500-2,800/m2, best capital growth potential.