What are the typical notary fees when purchasing property in Montenegro?
Quick Answer:
Notary fees are set by official tariff and scale with your purchase price. For most residential properties, expect €350-€1,000 plus 21% VAT—so roughly €423-€1,210 total. A €250,000 property runs about €532 in base fees. There are also small charges for document copies and administrative filing, so your final notary bill might be slightly higher.
Notary fees in Montenegro are set by an official tariff and scale with the transaction value. For a €100,000 property, expect approximately €350 plus 21% VAT. For properties exceeding €120,000, add €10 for every €15,000 increase in value. The maximum notary fee is capped at €5,000, regardless of property value.
The exact fee depends on:
- The purchase price
- The number of parties and any special clauses in the contract
- Whether the notary is also preparing additional documents such as a Power of Attorney or annexes
The fee structure is transparent and regulated by the Notary Chamber of Montenegro, so the notary can quote the exact fee in advance once they know the purchase price and transaction details.
Sources:
Official Notary Tariff (Notary Chamber of Montenegro); Law on Notaries; NT Realty transaction experience
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