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Buying Real Estate in Montenegro
Although tourism is the first thing that comes to mind when one considers about Montenegro, this country on the Adriatic Sea coast has become a favorite of investors in recent years because of its numerous unique features. Due to Montenegro's accession to the European Union, the country has become an important position. This is another proof that your investment will increase day by day.
It is much easier to obtain citizenship by buying housing in Montenegro than in other European Countries. The reason for this is that when the documents are put together correctly, the process can proceed quickly, and there is no minimum amount for the housing that the person who will receive citizenship will buy decently.
Foreigners are required to present their international passports and deposits in order to purchase real estate in Montenegro. Usually this deposit is 1% of the total amount, but this amount may vary.
Real estate in Montenegro can provide a high rental yield. Many houses are rented in Montenegro, which is a tourist country, especially in summer. When you find the property you are looking for in Montenegro, the process will be and understandable for you. You can get your residence permit in just a few months, and after five years you can become a citizen of Montenegro.
The most popular cities in Montenegro are Kotor, Budva, Bar and Herceg Novi on the seaside. Apart from these four cities and their surrounding areas, one of the cities with the highest demand for real estate in Montenegro is the magnificent capital of the country, Podgorica.
Montenegro attracts millions of tourists every year with its unique landscape and location. For this reason, Montenegro's real estate market is in a constant flow. The value of a property purchased in Montenegro increases rapidly. By renting out your home to tourists from all over the world, you may get a rapid return on your investment.