Top Local Real Estate Agencies in Montenegro

Published on October 2, 2025 and written by Cyril Jarnias

Montenegro, the Adriatic’s gem, is attracting an increasing number of foreign real estate investors thanks to its breathtaking landscapes, Mediterranean climate, and booming property market. To navigate this promising market, it’s crucial to rely on reliable and experienced local real estate agencies. In this article, we will explore the best real estate agencies in Montenegro, help you choose the one that best suits your needs, and give you an overview of property management fees in the country.

The Gems of the Montenegrin Real Estate Market: Top Local Agencies

Montenegro boasts several reputable real estate agencies distinguished by their professionalism and deep knowledge of the local market. Here is a selection of the best agencies, with their strengths and weaknesses:

1. Montenegro Prospects

• Recognized expertise in luxury properties on the Adriatic coast
• Multilingual team (English, Russian, Serbian)
• Comprehensive services from search to after-sales

• Limited portfolio for low-budget properties
• Slightly higher commission fees than average

Montenegro Prospects has established itself as one of the most reputable agencies in the country, particularly for high-end properties. Their deep understanding of the luxury market makes them a preferred choice for wealthy investors. The agency has a team of experts capable of guiding clients through all stages of acquisition, from the initial search to post-purchase rental management.

2. Dream Estates Montenegro

• Wide selection of properties throughout the country
• Excellent reputation for customer service
• Expertise in renovation and construction

• Sometimes slow response times during high season
• Less specialized in ultra-luxury properties

Dream Estates Montenegro stands out for its extensive geographical coverage, offering investment opportunities in all regions of Montenegro. Their versatile team is particularly appreciated for its personalized support and ability to manage renovation or construction projects. This agency is an excellent choice for those looking for a wide range of options, from seaside apartments to traditional houses in the countryside.

3. Montenegro Real Estate

• Specialist in rental investments
• Integrated rental management services
• Strong online presence with advanced search tools

• Fewer options for buyers seeking a primary residence
• Rental management fees among the highest on the market

Montenegro Real Estate has positioned itself as the go-to agency for investors seeking to generate rental income. Their expertise in analyzing rental potential and their turnkey management service make them a partner of choice for remote owners. The agency also has a high-performance online platform, facilitating property search and comparison for international investors.

Decoding the Market: How to Find the Hidden Gem Among Real Estate Agencies

Finding the best real estate agency in Montenegro requires a methodical and thoughtful approach. Here are some tips to help you make the right choice:

1. Assess Local Expertise

Deep knowledge of the local market is crucial. Look for agencies that have been established in Montenegro for a long time and can demonstrate a nuanced understanding of different regions and their specificities. A good agency should be able to provide you with detailed information on market trends, local regulations, and long-term investment prospects.

2. Check Accreditations and Affiliations

The best agencies are often members of recognized professional associations. In Montenegro, look for agencies affiliated with FIABCI (International Real Estate Federation) or other reputable international organizations. These affiliations are usually a guarantee of professionalism and adherence to high ethical standards.

3. Analyze Client Reviews and Testimonials

Feedback from previous clients is invaluable. Check online reviews, but go beyond simple ratings. Read detailed comments carefully to understand the strengths and potential weaknesses of each agency. Don’t hesitate to ask for direct references that you can contact.

4. Evaluate Communication Quality

Clear and responsive communication is essential, especially for international investors. Test the agency’s responsiveness by sending them an initial inquiry. Assess the speed and quality of their response. A good agency should be able to communicate effectively in your language and answer your questions clearly and in detail.

5. Examine the Range of Services Offered

The best agencies often offer a complete service, from search to after-sales. Look for agencies that can accompany you at every stage of the process, including property search, negotiations, legal aspects, and even rental management if necessary. A comprehensive service can greatly simplify your investment experience in Montenegro.

6. Compare Property Portfolios

The diversity and quality of the property portfolio are revealing. Carefully examine each agency’s listings. A good agency should have a varied portfolio, matching different budgets and lifestyles. Make sure the agency has a good selection of properties in the areas that interest you.

7. Assess Fee Transparency

Financial transparency is an important indicator of reliability. The best agencies are clear and direct about their fees and commissions. Be wary of agencies that are evasive on this subject or that offer fees significantly lower than the market average, as this could hide hidden costs or lower quality service.

Inside the Business: Understanding Real Estate Management Fees in Montenegro

Real estate management fees in Montenegro can vary considerably depending on the agency and the services provided. Here is an overview of the main fees to consider:

1. Purchase Commission Fees

The standard commission for purchasing a property in Montenegro is generally between 3% and 5% of the sale price. This commission is usually shared between the seller’s agency and the buyer’s agency. It is important to note that some agencies specializing in luxury properties may charge higher commissions, up to 6% or 7%.

2. Rental Management Fees

For owners wishing to rent out their property, rental management fees generally range between 15% and 25% of gross rental income. These fees typically cover:

• Tenant search and selection
• Booking and contract management
• Rent collection
• Maintenance issue management
• Cleaning between rentals (for short-term rentals)

It is important to note that fees may be higher for luxury properties or for very comprehensive management including premium services.

3. Maintenance Fees

Maintenance fees are generally charged in addition to rental management fees. They may include:

• Regular property maintenance
• Minor repairs
• Garden and outdoor space management

These fees are often calculated on an hourly or flat-rate basis, depending on the nature of the work. It is common for agencies to charge an additional commission of 10% to 15% on these fees for service coordination.

4. Marketing Fees

For rental properties, some agencies charge separate marketing fees. These fees typically cover:

• Creating attractive listings
• Professional photography
• Promotion on online rental platforms

Marketing fees may be included in the overall management fees or charged separately, usually between €200 and €500 per year, depending on the scope of the marketing campaign.

5. Concierge Fees

For high-end properties, some agencies offer premium concierge services. These services may include:

• Personalized tenant welcome
• Organization of activities and excursions
• Management of special tenant requests

Concierge fees are generally charged additionally and can represent an extra 5% to 10% of rental income.

6. Financial Reporting Fees

Some agencies offer detailed financial reporting services, particularly useful for foreign investors. These services may include:

• Monthly reports on income and expenses
• Management of local taxes
• Preparation of documents for tax declarations

These services may be included in the overall management fees or charged separately, usually between €500 and €1000 per year, depending on the complexity of the required financial management.

Conclusion: Making the Right Choice for Your Investment in Montenegro

Investing in real estate in Montenegro can be an extremely rewarding experience, provided you surround yourself with the right partners. The choice of real estate agency is crucial to guarantee not only the success of your acquisition but also the optimal long-term management of your property.

Take the time to compare different agencies, evaluate their services and expertise, and fully understand the fee structure. Don’t hesitate to ask detailed questions and request clarifications on all aspects that seem important to you.

Remember that the cheapest investment is not always the most profitable in the long term. An agency that offers a complete and quality service can save you time, energy, and even money over the long run, by effectively managing your property and maximizing its earning potential.

Finally, keep in mind that the Montenegrin real estate market, although attractive, has its own specificities. A good local agency will be your best asset for navigating this evolving market and getting the most out of your investment in this beautiful Balkan country.