Montenegro is a non-obvious, but promising choice for an investor who wants to purchase real estate in the Mediterranean. Note that a foreigner can buy real estate in Montenegro without any significant restrictions on ownership and management of property. And utility costs and taxes are significantly lower than in many European countries. Moreover, almost all premium real estate on the Montenegrin market is located overlooking the water and in close proximity to the sea.
Real estate in Montenegro. Selection of properties in Tivat and the surrounding area
Apartments in the new Tivat Hotel and Residences complex
The project is being built on the site of a famous hotel from the 70s. The complex of several buildings is designed according to all international standards for 5* hotels. On the roof of each building there is a recreation area and a swimming pool. Residents will be able to use underground parking with 104 spaces, a gym and a spa center.
An apartment with one bedroom, one bathroom, terrace, with a total area of 51.54 m2 can be purchased in this project during the construction phase for €322,500.
Modern premium residential complex in Tivat. Duplexes and townhouses
A new gated complex in a new area of Tivat is located on a slight hill with views of the sea and mountains, surrounded by greenery, close to all urban infrastructure. The coastline is only 400 m away. The project has penthouses and duplexes with two and three bedrooms. The townhouses have two options for placing pools: on the rooftop terrace or in the adjacent area.
Townhouses are sold in premium finishing using natural materials, equipped with Vileroy&Boch sanitary ware and a Daikin air conditioning system. There are separate dressing rooms and pantries for storing things, heated floors, and a “smart home” system. The project also includes garage spaces for residents.
The project is partially built. The cost of objects is from €610,000.
Apartments in the new building of the Lustica Bay project
Two-room apartment, 61 m2, in the new Centrale block of the famous Lustica Bay project. Lustica Bay is a modern resort town with developed infrastructure on the Adriatic Sea, 16 km from Tivat.
The apartment is sold in a fine finish with a built-in kitchen and plumbing, heated floors in the bathroom. Very convenient layout: there is access to the terrace from the bedroom and to another terrace from the kitchen.
The best price offer today in Lustica Bay for a two-room apartment is €332,000. If desired, you can pay in interest-free installments for 4 years with a down payment of 25%.
New club complex in a quiet area of Tivat, surrounded by pine forest
An interesting opportunity for those who want to be away from the hustle and bustle of the city. Only 6 apartments in a building surrounded by greenery, 700 meters from the coastline. An English school, the center of Tivat and Lustica Bay are a 10-minute drive away. The project is partially built and will be finally commissioned in December 2024.
Apartment of 101 m2 on the second floor with two bedrooms is sold fully furnished on a turnkey basis. Outdoor parking is provided for residents of the house. Cost – € 220,180.
Luxury apartment in a premium building on the first line in Tivat
A luxurious example of an object from the secondary real estate catalog. Spacious three-room apartment on the third floor in a luxurious new premium building (built in 2020) on the first line from the sea in close proximity to Porto Montenegro. The apartment includes a spacious living room combined with a kitchen and dining area, two terraces overlooking the sea, a guest bathroom, a dressing room, two bedrooms, each with its own bathroom. The kitchen is made in a minimalist style, a premium Valcucine kitchen and Miele household appliances are installed. All bathrooms have REX ceramics and Villeroy&Boch sanitary ware.
Total area – 119 m2, cost – €1,109,691. There is parking.
Real estate in Montenegro. How much does upkeep and maintenance cost?
For example, the total annual cost of maintaining a 45 m2 apartment in a new building in Budva, where one person lives, will be €2,650 (including tax of €1,180). And the cost of maintaining an apartment of 126 m2 in a business class complex in Becici, where three people live, will be €7,860 (including €7,860 tax). The calculations take into account the costs of electricity, garbage removal, home maintenance, Internet and water.
The basic tax rate is 0.25–1% of the value of the property. If the property is the owner’s main place of residence, the tax amount is reduced by 20%.
Residence permit of Montenegro
For those who, in addition to buying an apartment, would like to obtain permanent status in the country, we offer to apply for a residence permit in Montenegro through APEX. This way, you can become a full-fledged participant in the local banking system, as well as obtain a driver’s license and ID card (can be issued through APEX).
