Montenegro: How to flip a house for a 50% gain

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This 300m2 brown-phase villa is listed for €220,000 but realistically you could probably negotiate it down to €200,000 including stamp duty.

You would then add about €1,000 per m2 of renovations (taking into account inflation) and back-taxes.

All in you would be in at €500,000 for a brand new contemporary villa, in a market where you could flip it for about €800,000 due to a shortage of such offerings on the market. It's an easy 50% flip in a year and a half I would estimate.

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📌 Analysis of the real estate market in Montenegro: https://thewanderinginvestor.com/international-real-estate/the-real-estate-investment-market-in-montenegro/

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📌 The Pros and Cons of the Montenegro Citizenship by Investment programme: https://thewanderinginvestor.com/foreign-residencies/the-pros-and-cons-of-the-montenegro-citizenship-by-investment-programme/

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