Buying costs
- Georgia
- No tax
No transfer tax, only small fees
- Montenegro
- 3 to 6%
Tiered transfer tax on resale; new builds with 21% VAT in the price
For resale property in Montenegro, the tax rises with the price.
Georgia or Montenegro? Black Sea or Adriatic compared.
In short
Montenegro lies on the Adriatic, uses the euro and is an EU candidate. Resale property there carries a tiered transfer tax from 3%, and new builds include VAT in the price. Georgia has no transfer tax and usually lower entry prices. For a residence permit through property, both countries require about 150,000, but in euros in Montenegro.
To the comparisonMontenegro can be reached by car from Central Europe; Georgia usually only by air.
Buying property in GeorgiaComparison
The key differences.
Typical differences for international buyers. Rules can change; see the review date below.
The comparison describes the general legal situation, not a guarantee for individual projects.
Residence
- Georgia
- from USD 150,000
Temporary residence permit through property
- Montenegro
- from EUR 150,000
Temporary residence permit since January 2026, without work permission
The thresholds are similar. Montenegro uses the value set by the tax authority.
Currency and market
- Georgia
- Lari and US dollar
Prices mostly in US dollars, large new-build market
- Montenegro
- Euro
Smaller market, much existing stock on the coast
If you think in euros, Montenegro has no exchange-rate risk.
Compare projects in Georgia side by side.
Compare projectsVerdict
What suits whom.
Both countries offer sea and sun. Budget, currency and closeness to the EU decide.
Georgia suits you if …
you want to start with a smaller budget, save on buying costs and use a large new-build market.
Montenegro suits you if …
you think in euros, want to drive there and value closeness to the EU.
For both
Check developer, contract and registration. Get advice from an independent lawyer.
Frequently asked questions
Questions about the comparison.
Prices, transfer tax, residence and EU status.
Is Georgia cheaper than Montenegro?
On buying costs yes, because Georgia has no transfer tax. Entry prices are usually lower too, but that depends heavily on location.
How high is the transfer tax in Montenegro?
For resale property 3% up to EUR 150,000; above that the rate rises to 5%, and to 6% above EUR 500,000. New builds from VAT-registered developers are exempt.
Where can I get a residence permit through property?
In both countries. In Georgia from USD 150,000, in Montenegro from EUR 150,000 since January 2026.
Is Montenegro in the EU?
No. Montenegro is a candidate country but uses the euro.
Last reviewed on November 1, 2026. Sources: Tax Code of Georgia, Law on Real Estate Transfer Tax (Montenegro), Law on Foreigners of Montenegro, 2025 amendment. This guide is not legal or tax advice.
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The comparison with Turkey, the route to a residence permit and costs.
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