All Forum Posts by: Olga Lakomchenko

Hi Mike,

Thanks a lot for taking the time to share your thoughts.
I completely agree that Montenegro is, in many ways, a lifestyle-driven market. The nature, climate, pace of life, and cost of living are a big part of what attracts people from different countries here.

You’re also absolutely right that financing options for foreigners are very limited at the moment, and cash buyers dominate the market. However, there’s been a noticeable shift in recent years. We’re seeing more international buyers who look at Montenegro not just for personal use, but also for income-generating opportunities - particularly in short-term rentals and boutique hotels.

The rental yields in coastal cities like Budva and Tivat can be quite competitive during the high season (especially compared to the upfront investment), and the low property taxes, flat income tax rate (9%), and no inheritance tax create a favorable environment for long-term holding.

That said, I do think you nailed it - understanding the lifestyle motivation is key. Most of our clients are not chasing high ROI in a purely mathematical sense; they're looking for a safe, beautiful place to live, retire, or vacation and have their investment make sense long-term.

Thanks again for your insight - it is always refreshing to exchange views with experienced investors like you!

Hi Julio,

Hi Philip,

Thank you for the warm welcome and kind words about Montenegro. I’m glad to hear you’ve had a great experience visiting. I completely agree about everything you mentioned.

To answer your question: yes, U.S. citizens and other foreigners can easily invest in real estate in Montenegro. Property ownership is allowed for non-residents, and the process is relatively straightforward with proper legal guidance.

Many international investors choose to register a company - most often a društvo sa ograničenom odgovornošću (DOO), which is the Montenegrin equivalent of a limited liability company (LLC) in the U.S. A DOO offers asset protection and can also be beneficial for tax and operational reasons, especially when managing rental properties or commercial real estate.

Over the past year, we've seen a steady rise in interest from American investors, particularly in coastal areas like Budva, Kotor, Tivat and Bar, as well as in hospitality properties such as boutique hotels and guesthouses.

If you're ever curious about the legal framework or potential opportunities here, I’d be happy to share more details.

Hi everyone! My name is Olga, and I’m the owner of a real estate agency in Montenegro, a stunning gem in the heart of the Balkans. This small but breathtaking country offers a unique mix of Adriatic coastline, majestic mountains, and over 240 sunny days a year. 

Montenegro thrives on tourism, and in recent years, it has attracted a growing number of international investors in both residential and commercial real estate—ranging from apartments and private villas to hotels and resorts.

I’d love to connect with anyone who has experience or interest in investing in Montenegro. Feel free to reach out—I’m happy to answer any questions about the market and its potential for foreign investors!