Advice on buying Serbia Property / Real Estate

You have found a Serbia property / real estate you wish to purchase in Serbia Montenegro what next?

Buying Property in Serbia Montenegro - Costs of Purchasing Property

Serbia Real Estate Buyer's Guide explains the legal fees, legal procedures, purchase taxes and mortgage procedure.

Successfully Buying a Property in Serbia

Below are some brief points in purchasing property in Serbia Montenegro.

In order for foreign purchasers to complete a property sale in Serbia Montenegro, their country of origin must have a reciprocal agreement with Serbia and Montenegro.
In the case of Britain and Ireland for example such an agreement exists.
The selling and buying of Serbia properties is without restriction in Serbia Montenegro and is regulated by law and legally secure.
Ownership is guaranteed and in that respect there are no specific limitations, the only exceptions being public property i.e. streets, squares, public objects of special importance etc of which the sale and purchase is not permitted.
The steps involved in purchasing your dream Serbia property in Serbia Montenegro are outlined below.
The contract is then signed and exchanged in the presence of a Serbia Montenegro notary public.
However, if the real estate buyer is not present, the power of attorney can be provided for the lawyer.
The real estate buying process is very straightforward and it can take from 3 to 30 days.
Once the contract is signed and real estate purchase tax of 2 % is paid the documents are taken to Cadastre and it takes from 1 to 10 days to register a property to the new owner(s)
No approval from the Ministry of Foreign Affairs is required.

Here are the costs associated with purchasing a property in Montenegro.
Real Estate Purchase Tax is set at a rate of 2% of the valuation given by the Inland Revenue Office.
Real Estate Agency fee of 4% plus VAT (4.88%) of the purchase price (Minimum charge of 3,000euros)
Lawyer fee of 750euros
Surveys
Real Estate Surveys are not typically commissioned in Montenegro. Clean Title
One of the most important aspects of your Serbia property purchase in Montenegro is establishing that the property has 'clean title' - In other words, the seller has legal authority to sell the property and there are no pending claims on the property before the courts.

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These guidelines are meant for guidance only and describe a straightforward purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take.

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