Hi, I'm Ana Pajkovic.
I help international buyers purchase property in Montenegro.
Independent advice from search to completion.
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- Closing costs explained
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Start with the right knowledge
Guides covering legal process, pricing, rental potential, and where to buy.
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Buying Property in Montenegro
Montenegro · Country Guide
Legal process, taxes, residency, and closing costs for foreign buyers.
10 min read
Is Buying Off-Plan Property Safe in Montenegro?
Montenegro · Buyer Trust
Montenegro has no escrow or completion insurance for off-plan. Here's what actually protects a buyer instead - and the two questions to ask before you sign.
6 min read
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Buying Property in Belgrade
Belgrade · Country Guide
Legal process, taxes, residency, and closing costs for foreign buyers and investors.
12 min read
Selected Properties
Every project is personally vetted for developer quality, location and long-term resale potential.
Boka Verde
Starting from
€239,926
Oravista
Starting from
€200,000
The Peaks
Starting from
€859,000
Latest Market Signals
Infrastructure, policy, and demand shifts shaping Montenegro's property market.
Coastal new-builds hit €2,838 a metre in Q2. What that average hides
MONSTAT published its preliminary Q2 new-build figures on 20 August. Montenegro averaged **€2,557 a metre**. The coast averaged **€2,838**, up **21.6%** on last year. That figure averages the first-sale contracts signed anywhere on the coast, from Ulcinj and Bar up to Boka. It shows you direction rather than the value of a specific apartment, and the branded Boka projects I sell sit well above it. In plain money, sixty square metres at the coastal average is about **€170,300** today, against roughly **€140,000** a year ago. That is a little over **€30,000** on the same apartment in a year. One quarter is not a trend, and I sell coastal property, so treat this as my read. If you want real numbers instead of an average, ask me for the current offer sheet on the project you are looking at. The quarterly figures and how they have moved are on my [market data page](/market-data). ## What I'd watch Whether Q3 holds above **€2,800** once the summer contracts are counted.
August 20, 2026 · 9:00 AM
EBRD opens its draft Montenegro plan for public comment until 21 August
The EBRD has published its draft Montenegro strategy for 2026-2031. Until 21 August, businesses, banks, NGOs and individuals can submit comments before the strategy is finalised. No form or account needed - comments can be sent directly to [MontenegroCountryStrategyPublicConsultation@ebrd.com](mailto:MontenegroCountryStrategyPublicConsultation@ebrd.com). ## The three priorities Private-sector competitiveness and access to finance; the green transition, including clean energy, energy-efficient buildings and municipal services; and better transport, energy and digital connectivity. The Bar-Boljare highway is explicitly named. ## Housing is not a priority Housing and mortgages are not a named pillar. The buyer-relevant thread is green finance for households: energy-efficiency credit lines such as GEFF REPower and Go Green, distributed through local banks. That's the same direction as the €7m NLB green mortgage line and €20m Hipotekarna facility. So there is a mortgage story here, but it's narrow: financing greener homes, not expanding mortgage access broadly. The draft also describes Montenegro's financial system as highly bank-centric, with limited availability of long-term financing. For buyers - particularly non-residents - I would not read this strategy as signalling a near-term transformation in mortgage availability. ## Tourism is treated more as a concentration risk than a growth priority The draft says economic activity remains heavily concentrated in seasonal tourism and puts the emphasis on diversification. There is no dedicated sustainable-tourism financing pillar. Yachting, marinas and maritime development are not mentioned in the draft. ## What I'd watch Whether the final strategy gives housing finance any greater weight after consultation closes on 21 August.
August 7, 2026 · 11:15 AM
Mirta at Luštica Bay: the final Marina Village homes
Mirta is the last collection [Luštica Bay](https://anapajkovic.com/guides/lustica-bay) will build in Marina Village. The developer's words: the final opportunity to own there. 48 homes, delivery end of 2029. Studios from €365,000, one-beds from €564,000, two-beds from €1,050,000, up to three-bed penthouses at €1,885,000. ## The terms 10% down, 60% across the build, the last 30% interest-free up to two years after handover. Pay 100% upfront and ask me to negotiate the best possible pricing. ## Honest bit Those are "from" prices. The sea-facing homes people want sit well above them, and there are only a handful in each line at pre-launch. What I'd watch: this is the last of Marina Village, and the smaller units go first. If you want a specific line or floor, tell me now - I can hold it before the public launch.
July 24, 2026 · 10:00 AM
My market notes
What's launching, what's changing, what I'd look at. 2x a month.