Montenegro has attracted the attention of investors from all over the world with its citizenship by investment program, which has caused a rush of demand (accepting new applications has been stopped since December 31, 2022). As planned by the authorities, real estate in Montenegro has begun to be built more intensively. All this is in parallel with the state program for the development of transport infrastructure. In particular, a highway was launched leading from the south to the north of the country.
Let us recall that applicants for the Montenegro citizenship by investment program could choose from authorized resort real estate projects, both in the south of the country and in the north (purchase of shares in projects), in the developing region of Kolasin.
Some of these real estate projects are still under construction, while others have already been commissioned and welcomed their first visitors in the winter of 2024.
Many clients of Apex Capital Partners have visited Montenegro over the past years not only to complete the naturalization procedure – APEX is still receiving approvals on applications – but also to view such landmark projects as Porto Montenegro, Lustica Bay, Portonovi, as well as proposals for private real estate on the coast Bay of Kotor.
We present two interesting projects in the south and north of Montenegro, which are not known to the general public, but are definitely worth paying attention to.
Premium real estate in Montenegro. South of the country, Tivat. Synchro Yards
It would seem that the Porto Montenegro project has already exhausted all possibilities for the construction of new projects on its territory, but no. The developer managed to overcome all bureaucratic obstacles and obtain permission to build and reconstruct the old shipyard. It will be a new quarter right on the coastline, between Boka Place and the yacht club. The project consists of two main parts: private residences AERIS and residences managed by the hotel group, Aurora Residences (IVO) designed by architect Woods Bagot.
Apartments AERIS.
New vibrant and innovative neighborhood in Porto Montenegro
So, the AERIS project will have only 47 premium apartments with sea views: from studios (€770,000) and one-bedroom apartments (€1 million) to a 4-bedroom penthouse; with an area from 53 to 1050 m2. And in Aurora Residences (IVO), managed by Rare Finds (Kerzner International), the cost of apartments starts from €1,890,000 (one-bedroom apartments, 103.91 m2).
IVO, 5* apartments managed by Rare Finds (Kerzner International). Clean angular lines and wide balconies define the contemporary style of IVO Residences.
The old shipyard building will be restored and will remain part of the Porto Montenegro infrastructure and will host exhibitions and cultural events. The infrastructure of this community also includes a yacht club, a beach club, bars and restaurants, and a green area for walking. The overall delivery of the facilities is planned for the Q1 and Q2 of 2027.
“It is already clear that this real estate in Montenegro is of very high quality, and after completion of construction it can be rented out through a local management company, following the example of Boka Place. Let us remember that Boka Place was authorized under CIP and the property was mainly purchased by those who wanted to take part in the Montenegro investment citizenship program,” – Nuri Katz, Founder and President of Apex Capital Partners.
Premium real estate in Montenegro. North of the country, Kolasin. Mountain retreat resort
The project is located among the breathtaking landscapes of Montenegro, at the foot of the majestic Mount Bjelasica, between the city of Kolašin and the ski center “Kolašin 1450”. This is a world class complex with ten chalets, available for rent through a management company. For the convenience of our guests and condo owners, free shuttles run from Mountain Retreat to the ski resort’s lifts during the ski season, providing quick access to the ski slopes (just a 5-minute drive). And 30 minutes away is the Biogradska Gora National Park.
All apartments are very spacious and come with fully equipped kitchens. There are three types of apartments: loft duplex 73.06 m2 from €350,000, two-level apartments 127, 39 m2 and three-level apartment 207.91 m2.
The developer of the Mountain Retreat project guarantees a return of 24% of the investment after 3 years. It is possible to pay with cryptocurrency.
If you want to purchase premium real estate in Montenegro, APEX experts will help you understand all the current proposals for landmark projects, both in the south of the country and in the north, as well as obtain a residence permit in Montenegro. A local APEX office is constantly operating in Podgorica.
