Moving to Montenegro, useful informations
Montenegro is located on the Balkan peninsula on the coast of the Adriatic Sea, which has been very successful in the real estate market in recent years. The tourism industry has distinguished itself so much that many foreigners have decided to invest in buying a property in Montenegro.
But the questions that often cross our minds are manifold. Should we go to this new place? Can I easily find a profitable job? Am I able to move despite the language difficulties? Is the cost of living cheap?
If you are also a potential buyer of real estate in Montenegro, but you are not 100% sure of your choice due to the limited information available, you are in the right place. The Current Real Estate Office decided to create a customized mini-guide for you. Having done a careful analysis of this nation, we are ready to solve all kinds of doubts to finally enable you to realize your dream investment! So what are you waiting for? Make yourself comfortable and prepared: the mini-guide to moving to Montenegro is about to begin! We assume that even if Montenegro does not belong to the European Union, it has adopted the Euro as its official currency. This is definitely an element to consider, especially if you are coming from a state where this currency is valid.
This choice was not accidental, as Montenegro, during Milosevic's presidency, decided to secede by adopting a new currency in order to highlight Serbia's independent economic policy. In accordance with the principles set out by the European Community, this state plays a fundamental role in the energy strategy of the country's economic development and has adopted an economic plan for the implementation of a group of hydroelectric power plants, taking advantage of the presence of the many watercourses present in the area (in terms of a total of about 2 billion euros in financing ).
But what documents are available in this open and dynamic area? EU citizens can enter with a simple ID card for a maximum stay of 30 days. In order to extend the period of stay to 90 days, a passport is required, otherwise a residence permit is required, which must be requested from the competent authorities. Once you have reached your much sought after destination, you need to find the first piece of information to create yourself in total peace of mind. The spoken language is Montenegrin, but this time English will save you in all circumstances! Is it worth living in this nation? This is undoubtedly one of the most worrisome issues. But do not worry! We have created a list based on a basket of goods to really understand how to live in Montenegro:
Milk (1 liter) EUR 0.78 (0.65-1.00)
Eggs (12) 1.40 EUR (1.20-1.60)
Local cheeses (1 kg) 4.80 EUR (4.00-6.00)
Water (1.5 liter bottle) 0.58 EUR (0.45-1.00)
One-way ticket (local transport) 0.90 cents
Monthly utilities EUR 97
Once the cost of living in that country has been clarified, it is essential to understand where and how to find a property in Montenegro. The prices are particularly advantageous, whether in the capital Podgorica or in the wonderful places such as Bar, Sveti Stefan and Budva, in these areas we can also choose to our liking from properties with sea views. I'll add it at a good price!
For an independent house, prices start from €30,000, while if you want to choose luxury solutions like a villa, the cost is €150,000.
On the other hand, in the case of rental contracts, it is also possible for 200 euros per month (in the capital) and in peripheral cities at an even more favorable price.
What can we say, we hope that our guide was useful for you to understand how much this nation adheres to your needs. We just wish you a good trip!