Real Estate Types
When you want to buy a property in Montenegro, you have many options for different real estate types. Here we are looking at these real estate types. Down below you can see these types.
Types Of Real Estate Options in Montenegro
Real estate types common in Montenegro are less complex and simple than in many other countries. Therefore, you’ll be less confused when reviewing property for sale listings and home buying offers. Types of property in Montenegro are simply:
Montenegro has many beautiful villas that can give you your own small paradise for your vacations. Villas are the the real estate type you should consider if you value your privacy and luxury.
In the Montenegro real estate market, there are many villas you can buy. Many of these are modern and newly made, but there is more that are old and renovated. You can pick the villas based on your budget. But you should also consider additional costs like maintenance.
Of course, the most common type of real estate that people buy for investments is the apartments. These properties are quite popular in the market.
Especially, if you are a foreigner, you may prefer to buy an apartment. Because of these real estate options do not come with a land title. This allows you to become a property owner as a foreigner without establishing a company.
Most of the preferable apartments in Montenegro come with some benefits that you need to pay regular fees for. These can include building maintenance, cleaning, security, or swimming pools that you can use.
Apartments are also probably the best option for rental income investment. As they are much easier to rent, you can turn them into income sources whenever you are away.
Montenegro Off-plan Apartments or Villa
Off-plan properties are the more luxury options that you may consider for having more benefits if your budget allow it. Montenegro offers many off-plan options, both as villas and apartments.
These properties are more luxurious than their typical counterparts. They come with many services. They usually feature swimming pools, gyms, spas, and even VIP beaches and docks for boats.
Buying Lands in Montenegro
If you are more interested in having a custom property build in your liking with the features you want, buying a land might be the option for you. This can allow you to create the place in your dreams. Your budget can be your only limit, not the limited options in the market. All you need is to hunt for a good land deal in a good location, and find a company to build the house or you want.
In Montenegro, construction costs are relatively lower thanks to labor costs. So, having your custom home built do not cost as much as some other places in Europe. But if you save even more money, you can get some prefab house on the land which are quite cheaper than normal buildings. This can allow you to have your home in much shorter time as well. There are very companies in Montenegro and surrounding area, which can offer you attractive options. Just search for the term “montažne kuće” online.
Ruined Houses of Montenegro
All around Montenegro, you can find old houses that are built with stones and dirt. Many of these are in a state that can be considered as ruins.
These ruins are quite popular in the real estate market of the country. Not only because they are usually cheaper than the modern buildings, but also they offer unique characteristics. Many people buy ruins for renovating them in their taste. They are quite popular in the rental market as well.
Just keep in mind that, although they might be cheaper to buy, these type of houses typically require a lot of maintenance and expenses to turn into the condition that you would want. ■