Real estate have been always a great business that has a lot of potentials to make money. One of the biggest benefits in Montenegro is that there are a lot of nice locations that offer both closeness to major locations in the city and the pretty views. Montenegro is a country that is located in the perfect position so if you own an apartment in Montenegro, you will be able to travel to all other Balkans countries easily as well as to Central European, Eastern, and Western European countries. Additionally, there are also a number of international flights, including flights to the US. Montenegro is a well-known tourist location that gets tens of thousands of tourists every year who stay both in hotels, ranging from three stars to five stars, and in private accommodations which can be rented out throughout the whole year and will be especially in demand during the summer months. Owning a real estate in this slice of heaven is a very tempting and also smart destination for an investment in real estate.
For those of you who have been reading our posts, the following will already be very familiar, but we would like to point out some very important pieces of information about Montenegro for those readers who are new. The entire region of Boka Bay and the town of Kotor are part of the UNESCO World Heritage. This means that the prices of real estate are significantly more expensive but you will be getting a lot more, as this part of the country is well known all across the world and it is even mentioned in different media such as famous books and blockbuster movies. As a foreigner it can be a very difficult and at times confusing experience to invest in foreign countries, so we are here to help you along the way and to provide you with all the relevant information about real estate in Montenegro.
Great locations to invest in real estate in Montenegro
First of all and most important is that there are no restrictions for foreigners who want to own a property in Montenegro. The citizenship status does not matter in Montenegro, meaning that the customer can be from any part of the world. As we had mentioned earlier Boka Bay and the town of Kotor are perfect locations due to their beauty and well-developed infrastructure, breath-taking landscape, amazing beaches, and much more. The first good object to invest in is the property Porto Montenegro, a marina that hosts the most luxurious yachts, the jet set, and is a home to a 5 star hotel called Regent Montenegro. The price is a little steep at $10.000 per m2 but you know that you will be getting real luxury.
The next object is located in the same municipality of Tivat and to be more precise it is on the peninsula Lustica. Lustica Bay is a new small settlement developed by Orascom. This project will be developed over 15 years and the total projected value of investments is just short of 5 billion Euro. There will be a real tourist settlement with 1000 apartments, 500 villas, and even an 18 hole golf course. The settlement is located close to the seaside and the prices range between 3000 and 12 000 Euro/m2.
The Town of Kotor is a town that is a gem of the Adriatic and it has a lot of monuments and cultural manifestations that are very well known across the region. It has a lot to offer such as the carnival, a lot of palaces and churches, its famous city wall and it is an important destination for cruise ships. Its historical value as the part of the UNESCO adds to its attractiveness significantly. The price for a real estate at Kotor ranges between 2000 – 3000 Euro per m2.
Porto Novi is the latest addition to the luxury yacht resorts in Montenegro. It is located in Kumbor, a small settlement which is in Herceg Novi Municipality. A former military base was bought by a company called Azmont. It is a famous hotel chain called One & Only which will be opened at the end of the current year. There will be apartments too and their prices will be around 9000 Euro per m2 depending on the floor and the location.
We hope that we have given you enough information and that you will think deeply and see that Montenegro is a location that is made for real estate investments.