Hi, I'm Ana Pajkovic.
I help international buyers buy property in Montenegro and Belgrade.
Independent advice from search to completion. Montenegro's coast and mountains, plus Belgrade, Serbia.
15 years on the coast · 3 in Belgrade
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
Start with the right knowledge
Guides covering legal process, pricing, rental potential, and where to buy.
%20--%3e%3cg%20transform='translate(450,%20300)'%3e%3c!--%20Left%20head%20--%3e%3ccircle%20cx='-40'%20cy='-20'%20r='18'%20fill='%23F4D03F'/%3e%3cpolygon%20points='-50,-20%20-65,-15%20-65,-25'%20fill='%23F4D03F'/%3e%3c!--%20Right%20head%20--%3e%3ccircle%20cx='40'%20cy='-20'%20r='18'%20fill='%23F4D03F'/%3e%3cpolygon%20points='50,-20%2065,-15%2065,-25'%20fill='%23F4D03F'/%3e%3c!--%20Body%20--%3e%3cellipse%20cx='0'%20cy='10'%20rx='35'%20ry='45'%20fill='%23F4D03F'/%3e%3c!--%20Wings%20--%3e%3cpath%20d='M%20-30%205%20Q%20-60%200%20-70%2020'%20stroke='%23F4D03F'%20stroke-width='8'%20fill='none'/%3e%3cpath%20d='M%2030%205%20Q%2060%200%2070%2020'%20stroke='%23F4D03F'%20stroke-width='8'%20fill='none'/%3e%3c/g%3e%3c/svg%3e){kind=small}
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
'%3e%3crect%20x='0'%20y='0'%20width='80'%20height='120'%20fill='%23C6363C'%20stroke='%23F4D03F'%20stroke-width='4'/%3e%3cline%20x1='40'%20y1='0'%20x2='40'%20y2='120'%20stroke='%23F4D03F'%20stroke-width='3'/%3e%3cline%20x1='0'%20y1='40'%20x2='80'%20y2='40'%20stroke='%23F4D03F'%20stroke-width='3'/%3e%3cline%20x1='0'%20y1='80'%20x2='80'%20y2='80'%20stroke='%23F4D03F'%20stroke-width='3'/%3e%3cpolygon%20points='40,-30%2030,-10%2050,-10'%20fill='%23F4D03F'/%3e%3cpolygon%20points='20,-25%2015,-10%2025,-10'%20fill='%23F4D03F'/%3e%3cpolygon%20points='60,-25%2055,-10%2065,-10'%20fill='%23F4D03F'/%3e%3c/g%3e%3c/svg%3e){kind=small}
Buying Property in Belgrade
Belgrade · Country Guide
Legal process, taxes, residency, and closing costs for foreign buyers and investors.
12 min read
Starter Pack
Thinking about buying in Montenegro?
Get the Montenegro Buyer's Starter Pack.
- Closing costs explained
- Buying timeline
- New build vs resale
- Where to buy by budget
Prefer to talk? Book a 15-min call with Ana.
Latest Market Signals
Infrastructure, policy, and demand shifts shaping Montenegro's property market.
Montenegro is drafting a new coastal plan. Requests close 25 September
Montenegro's planning agency (APPCG) opened public input on the new state spatial plan for the whole coast on 7 September. Anyone can send a written request until 25 September. I sell property here, so take this as my view, but it's a window worth using. This is the plan that will decide, for years, what can be built where along the coast, from the Bay of Kotor through Tivat, Budva and Herceg Novi. It's an 800,000-euro document scheduled to take about 20 months, so the decisions taken in this first round shape everything after. If you own coastal land, or you're about to buy, here's what I'd do. The one line that sets a plot's value is whether it sits inside the building zone (građevinsko područje) or just outside it. If your parcel is close to that boundary, sometimes only a few metres, this is the phase to ask in writing to have it brought inside, and to give your reasons: how far it is from the current line, and whether there are houses already next to it. Send it to [obalnopodrucje@appcg.net](mailto:obalnopodrucje@appcg.net), or by post to APPCG, Bulevar Mihaila Lalića 15, Podgorica. Keep proof you filed, the stamped receipt or the email confirmation. Nothing is decided in this early round, so I wouldn't pin hopes on one letter. But a letter is all it costs, and it puts your reasons on the record before the map is drawn. ## What I'd watch The draft plan and the formal public hearing, likely next year, when the map is actually on the table.
September 14, 2026 · 9:30 AM
How many one-bedroom apartments are really for sale in Baia and Aqua, Porto Montenegro?
**Four.** On 10 September 2026 there were fourteen advertisements for one-bedroom apartments in the Baia and Aqua buildings at the Regent Pool Club Residences, Porto Montenegro, placed by nine different agencies. Behind those fourteen advertisements there are six apartments. Two of the six have already sold and are still being advertised, and one advertisement is not a real offer at all, so four of the fourteen adverts lead nowhere. Four apartments are actually for sale, at asking prices from **€745,000 to €850,000**. Three of the four name Baia; one names only the Regent. ## What I found when I opened all fourteen I opened every advertisement individually on 10 September and matched them to each other on the photographs rather than on the stated area, because every agency measures its own way. One apartment is running under four advertisements from four different agencies, at €745,000 twice and €750,000 twice, described as 77, 78 and 80 m². A second is advertised twice, at €770,000 and €819,000. Two apartments that have already sold are still being advertised, one of them for over a year. The cheapest advertisement in the building says €476,000. I telephoned that agency. They could tell me nothing about the apartment and they do not have it for sale, and the advert has been running for 427 days. ## The fourteen advertisements, grouped by apartment | Advertisements | Building | What is behind them | Asking prices | Stated size | |---|---|---|---|---| | 4 | Baia | One apartment, for sale | €745,000, €745,000, €750,000, €750,000 | called 77, 78 and 80 m² | | 3 | Baia | One apartment, for sale | €850,000, two with the price hidden | 98 m² | | 1 | Baia | One apartment, for sale | €850,000 | 81 m² | | 2 | not stated | One apartment, for sale | €770,000, €819,000 | called 78 and 80 m² | | 2 | Baia | An apartment that has already sold | €714,000, €720,000 | called 68 and 69 m² | | 1 | Aqua | An apartment that has already sold | price on request | 81 m² | | 1 | Baia | No apartment. I telephoned; it is not for sale | €476,000 | 76.93 m² | Fourteen advertisements. Six apartments. Four you can buy, from **€745,000 to €850,000**. Four of the fourteen advertisements are for apartments that have sold or for no apartment at all. ## Why the portal is wrong about this building Montenegro has no MLS and no public register of sale prices. Nothing obliges an agency to take an advertisement down when a flat sells, nothing stops five agencies advertising one flat five ways, and asking prices are all anyone can see from the outside. A portal listing count and the cheapest advertised price are both wrong, and they are wrong in the same direction: the market looks bigger and cheaper than it is. Count apartments rather than advertisements, and match them on the photographs. I sell property here, so treat this as my view. ## What I'd watch Whether that €476,000 advertisement is still running next month. Related: [Montenegro asking prices city by city, summer 2026](/insights/montenegro-asking-prices-city-by-city-summer-2026) · [Coastal new-builds hit €2,838 a metre in Q2](/insights/coastal-new-builds-hit-2838-a-metre-q2-2026) · [Buying property in Montenegro](/guides/buying-property-in-montenegro)
September 10, 2026 · 8:10 PM
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
My market notes
What's launching, what's changing, what I'd look at. 2x a month.