Director of the Real Estate Administration Marko Bulatović said that their data shows that there has been more and more construction in Montenegro in recent years. He also told TV Vijesti's Boje jutra that the number of illegal buildings will be known after the ortho-photograph is completed.
"Regarding the past five years, the number of applications submitted to the Real Estate Administration has increased by 50%, while when we specifically consider 2024, we can say that the number of applications submitted is 20% higher than the previous year," Bulatović pointed out.
Bulatović also announced that the largest number of real estate properties among foreigners in our country are owned by Serbs and Turks, among others.
"The Real Estate Administration has some data according to which, when it comes to land, most foreign citizens have their real estate in the north. I would single out Kolašin, Žabljak, Nikšić, while when it comes to buildings and special parts, the cities of the coastal region should definitely be singled out: Budva, Tivat, Bar. When it comes to citizens who are most registered on the territory of Montenegro, we should definitely single out citizens of Serbia, the Russian Federation, Ukraine, Turkey, Bosnia and Herzegovina, Germany and some other member states. The Law on Property and Legal Relations defines the registration of foreign natural persons on land. Now we have the Amendments to the Law on Property and Legal Relations from March 2025, which define that foreign natural persons can acquire property rights in the same way as domestic persons, but on the condition that this legal provision is related to the day of Montenegro's accession to the European Union," he said.
See how much was offered to the residents of Vojislavljevića Street for expropriation.
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