Mistake: Buying a property based only on price without considering the area’s potential.
How to Avoid It:
✅ Research the region’s investment potential, including rental demand and property appreciation.
✅ Top locations like Budva, Kotor, Tivat, and Lustica Bay offer strong investment opportunities.

Mistake: Overlooking property title verification, legal documentation, and purchase contracts.
How to Avoid It:
✅ Hire an experienced real estate lawyer to handle the legal process.
✅ Check if the property has any outstanding mortgages or legal issues.

Mistake: Choosing the lowest-priced property without considering long-term costs.
How to Avoid It:
✅ Evaluate the price-to-value ratio, as the cheapest option is not always the best.
✅ Factor in renovation and maintenance costs.

Mistake: Failing to account for taxes and legal fees when budgeting.
How to Avoid It:
✅ Consider property transfer tax (3%) and annual property tax (0.1% - 1%).
✅ If renting, keep in mind that rental income is taxed at 9%.

Mistake: Not researching whether the property will increase in value or generate rental income.
How to Avoid It:
✅ Invest in prime locations with strong tourism and rental demand.
✅ Analyze Airbnb and long-term rental potential.