Buying Off Plan Property in Montenegro
As with everywhere, off plan property in Montenegro is paid for in stages, but in
Montenegro the property tends to really be off plan. Off plan property around the
world is bought at various stages of development, but in Montenegro it is usually
bought before work has begun.
A typical example of staged payments on an off plan property in Montenegro is:
30% Pre-contract (less initial deposit)
30% Foundation level
30% Roof level
10% Snagging and hand over
According to reports there are currently a lot of developers in Montenegro holding
substantial land banks. Now, whether these are sold, or developed by their current
owners, either way there will be a fresh wave of off plan properties coming onto
the market as the international recovery gathers pace in the coming year.