Notary fees in Montenegro


Extract from the book “Why these French people are settling discreetly in Montenegro” (only in French)


Notary fees for purchasing in an old property

PRICE BRANCHESNOTARY FEES
FROM 0 TO 5,000 euros70 euros
FROM 5,001 TO 20,000 euros120 euros
FROM 20,001 TO 40,000 euros170 euros
FROM 40,001 TO 60,000 euros250 euros
FROM 60,001 TO 80,000 euros300 euros
FROM 80,001 TO 120,000 euros350 euros
FROM 120,001 TO 135,000 euros360 euros
FROM 135,001 TO 150,000 euros370 euros
FROM 150,001 TO 165,000 euros380 euros

From 120,000 euros, each additional 15,000 euros represents
an increase of only 10 euros.

However, there is a maximum ceiling for notary fees: 5,000 euros. Notary fees cannot therefore exceed this amount.

These notary fees are added to the purchase tax of 3% on the total price of the property.

Another parameter on which Montenegro is well placed.


Regarding transfer taxes, in France, the rate for old property is 8%. The country holds the sad record for the highest taxation in Europe and this is also reflected in transfer taxes.

The most taxed after the French are the Germans (6%) and the Portuguese (between 6 and 8%).


Things to know about acquiring real estate in Montenegro:

– You have full enjoyment of the property

– The property belongs to you without time limit unlike other countries where the State recovers full ownership of the property after 99 years

– You can pass the property on to your children

– The property tax represents a “ridiculous” amount

– Using an escrow account is an additional cost (175€)

– The notary registers the deed definitively after confirmation from the seller
regarding receipt of payment

-The purchase tax can be paid by the seller and the buyer (50/50)
or even by the seller entirely (only possible within the framework
of a sale between individuals)


To learn more about the real estate experience in Montenegro, you can discoverthe reference book (only in french)on this subject, soon.

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Nikola Krunić

French of Serbian origin and now expatriated in Montenegro, Nikola knows the Balkans perfectly. Founder of French in Montenegro, he will be able to inform and assist you in your procedures with a lot of professionalism and precision.
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