Property Legalization Costs in Podgorica to Rise by 20%
The cost of legalizing unlawfully constructed buildings in Podgorica will increase by 20% if the newly proposed Decision on Urban Rehabilitation Compensation is adopted. The document, drafted by the Capital City’s Secretariat for Spatial Planning and Sustainable Development, is currently up for public debate.
Stemming from the Law on the Legalization of Illegal Structures, the decision requires approval from the Capital City Assembly to take effect. In practice, this means that owners of unpermitted properties still have a brief window to rush and sign contracts at current prices, saving significant amounts of money.
According to the draft decision, the legalization fee per square meter will increase by €10 to €27, depending on the city zone:
The decision also specifies the fee per square meter of net built space for 4- and 5-star hotels and tourist resorts. The rates for these properties are set at €800 in Zones Ia and I, €700 in Zone II, €600 in Zone III, €500 in Zone IV, and €400 in Zones V and VI.
Utility Fees Also Set to Increase Simultaneously, the Draft Decision on Construction Fees (formerly known as the land utility equipping fee) is also undergoing public consultation. This regulation foresees a matching 20% increase in utility costs across the board.
Available Discounts The proposed regulation does include several legally mandated benefits. For instance, owners legalizing their primary residential properties will receive a 50% discount. A 90% discount is available for vulnerable social groups, while a 20% discount applies to one-time, lump-sum payments. Religious community properties will also benefit from a 50% reduction.
The public debate on this decision is open until April 9th, with the central public hearing scheduled for April 1st at 12:00 PM in the City Parliament building.
The cost of legalizing unlawfully constructed buildings in Podgorica will increase by 20% if the newly proposed Decision on Urban Rehabilitation Compensation is adopted. The document, drafted by the Capital City’s Secretariat for Spatial Planning and Sustainable Development, is currently up for public debate.
Stemming from the Law on the Legalization of Illegal Structures, the decision requires approval from the Capital City Assembly to take effect. In practice, this means that owners of unpermitted properties still have a brief window to rush and sign contracts at current prices, saving significant amounts of money.
According to the draft decision, the legalization fee per square meter will increase by €10 to €27, depending on the city zone:
- Zone Ia: €169.89 (up from €141.56)
- Zone I: €164.02 (up from €136.68)
- Zone II: €117.16 (up from €97.63)
- Zone III: €87.87 (up from €73.22)
- Zone IV: €76.15 (up from €63.46)
- Zone V: €58.58 (up from €48.81)
- Zone VI: Remains free of charge.
The decision also specifies the fee per square meter of net built space for 4- and 5-star hotels and tourist resorts. The rates for these properties are set at €800 in Zones Ia and I, €700 in Zone II, €600 in Zone III, €500 in Zone IV, and €400 in Zones V and VI.
Utility Fees Also Set to Increase Simultaneously, the Draft Decision on Construction Fees (formerly known as the land utility equipping fee) is also undergoing public consultation. This regulation foresees a matching 20% increase in utility costs across the board.
Available Discounts The proposed regulation does include several legally mandated benefits. For instance, owners legalizing their primary residential properties will receive a 50% discount. A 90% discount is available for vulnerable social groups, while a 20% discount applies to one-time, lump-sum payments. Religious community properties will also benefit from a 50% reduction.
The public debate on this decision is open until April 9th, with the central public hearing scheduled for April 1st at 12:00 PM in the City Parliament building.