Can buying property in Montenegro grant me residency?

Yes, buying property can be a route to temporary residency in Montenegro, but the rules are stricter than they used to be.  

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Key points:

• The property must be a legally registered residential dwelling (not just land or a purely commercial unit)
• The applicant must normally own at least 50% of the property, or be the married spouse or dependent child of the owner
• As of recent amendments, a minimum property value threshold (currently €200,000 for new applications) applies for residency by property  

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This route provides:

• A temporary residence permit, typically valid for up to one year at a time
• The possibility, after five consecutive years of successful renewals, to apply for Permanent Residence, and later for citizenship (subject to conditions and dual citizenship rules)  

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However: - Property-based residency does not automatically give you the right to work. You may generally earn rental income from your own property (taxable locally), but employment or running a local business requires a work and residence permit - It does not automatically make you a tax resident on worldwide income; that depends on days spent and where your centre of vital interests is located