New laws on the rights of foreigners to purchase real estate in Montenegro

Foreign nationals who are in Montenegro, buy a house, will now be able to on their behalf Bookmark and land on which the house is located, which has not been possible. The new liberalized the law on property relations and introduces some limitations on real estate, which the government has given up on the idea to fully liberalize the already liberalized real estate market.
Foreigners in Montenegro in the future will pass houses and apartments will be able to put on their name Bookmark and parcel of 5,000 square meters, provided the new draft law on property relations. So far they have been able to buy the house, but they had no right to the land of purchased houses or buildings register his name.
The government is under pressure from the public abandoned the original intent to completely liberalize the real estate market, and the party will not be able to buy natural resources, goods of common use, agricultural land and forests. Professional public is satisfied with the adjustments the original proposal, which has drawn sharp reactions and fears that a small country like Montenegro, could become the cadastral property of foreigners.
New solutions were glad Real estate traders who believe that the more liberal regulations to run a market that is stagnant, and that will increase the interest of foreigners who, by some estimates, already have 1.5 million square feet of apartments, houses, villas or office space.