Property Purchase Expenses in Montenegro

Let’s review the notary and purchase-related costs when buying a resale apartment priced at €140,000 in Montenegro:

Notary fee for preparing the Sales & Purchase Agreement: €500–€800 (no fixed rate).

Court-certified interpreter during the transaction (oral translation): €50/hour.

Translation of the Power of Attorney by a Montenegrin court translator (in case of a remote purchase): €50.

Property transfer tax — 3% of the purchase price, payable within 15 days after full payment:
€140,000 × 3% = €4,200

Total estimated expenses: €4,600 – €4,785

☝ Explanation of property taxes in Montenegro

Montenegro applies a progressive property transfer tax for resale properties:

✔️ Up to €150,000 — 3% of the amount stated in the contract

✔️ From €150,000 to €500,000 — €4,500 + 5% of the amount exceeding €150,000

✔️ Above €500,000 — €25,000 + 6% of the amount exceeding €500,000

‼️ If you purchase directly from a developer, there is NO property transfer tax!

‼️ No agency commission for the buyer!