Porto Montenegro – Luxury is now affordable to everyone

Montenegro – a hidden gem of Adriatic. Why should you consider this little country as your second home destionation? To Realigro readers we offer 0% commission on Porto Montenegro residential suits.

 

 

Montenegro property market

 

Back in 19th century, Lord Byron wrote “At the birth of our planet, the most beautiful encounter between the land and the sea must have happened at the coast of Montenegro. When the pearls of nature were sown, handfuls of them were cast on this soil.”

 

Yet, not many are familiar with this hidden gem of Adriatic coast. After gaining independence in 2006, the property market played an important role in its development. Driven by the Russian capital and a number of UK developers and end-buyers, the country´s infrastructure rapidly improved, doubling the property prices in just 2 years.

 

Foreign investments, while still very high compared to other European countries, have now slowed, and a number of large development projects have been put on hold. This could be a good thing long term, ensuring that the coast does not become overbuilt, and proper planning procedures are addressed and adhered to. Infrastructure improvements have continued over the last 3 years, with the installation of new utility networks, new roads linking major cities, and modern retail outlets popping up in all the towns. Moreover, there are 2 international airports (Podgorica and Tivat), while Croatian city of Dubrovnik is just an hour away.

 

Property prices have decreased by on average 30% in the period of 2009-2010, with some distressed properties selling at well below this rate. Buyers have been able to snap up property at 2006 prices, but now the same property comes with a 2010 infrastructure. With a little negotiation on behalf of the agent, they have been able to secure property at knock down prices from desperate sellers. It’s the modern, high quality villas and apartments close to the beach and restaurants that are currently the most desirable. With prices that have bottomed out and a steady flow of new property onto the market, the buyers’ market is still an imperative of the nowadays Montenegro.

 

 

Porto Montenegro – project details

 

There´s a reason why Montenegro is often referred as The new Riviera – it´s unspoilt beauty. In the light of market stats written above, Porto Montenegro is undoubtly the right place to buy a second home.

 

The Bay of Kotor, in which Porto Montenegro is found, is the Adriatic's largest, most beautiful and best sheltered natural harbour. Tivat, as its cenral harbour and favourite place for yacht enthusiasts is ideal location for a new marina, the biggest in Europe. Financed with the capital of Canadian millionaire Peter Munk and his partners, conversion of the old Tivat shipyard has already begun, along with two residential complexes containing 45 units in total. Residences enjoy large garden terraces and west-facing views to the waterfront. Other features include an elevated courtyard with elegantly designed pool. There is a selection of studio, one, two and three bedroom apartments for sale. The prices start from 145.000 €. Each apartment owner will be given berth in marina.

 

 Visit to : Realigro blog

Moving to Europe

Moving to Czech Republic                   Moving To Italy                              Moving to Lithuania

Moving to Luxenbourg                        Moving to Macedonia                      Moving to Moldova

Moving to Monaco                              Moving to Montenegro                     Moving to Netherland

Moving to Norway                                 Moving to Poland                          Moving to Romania

 

Related Insights

  •  
    Montenegro: the real estate market continues to grow

    Montenegro: the real estate market continues to grow  "The real estate market in Montenegro will therefore continue to grow.'' These were the most reliable economic forecasts in 2006. The surprise lies in this. The trend of development and increase of the market in general and in detail in the ...

  •  
    Porto Montenegro – Luxury is now affordable to everyone

    Montenegro – a hidden gem of Adriatic. Why should you consider this little country as your second home destionation? To Realigro readers we offer 0% commission on Porto Montenegro residential suits.     Montenegro property market   Back in 19th century, Lord Byron wrote “At the birth ...

  •  
    The great real estate development of Porto Montenegro

    Montenegro: A transformation is taking place within Porto Montenegro. This small fishing village is becoming the “Montecarlo of former Yugoslavia”. The marina of Porto Montenegro is sheltered in one of the largest inlets in Europe, just outside the bay of Kotor, a ten-minute drive from Tivat airp ...

Real Estate Listings

Cod. 43793

For sale House, Montenegro, Bar, Zagradje, Zagradje bb

533,857.50USD
For sale
House

431 m²
A house with a restaurant and apartments is for sale, in Spičansko polje, Zagrađe, Sutomore, in a quiet location, with a view of Spičansko polje and m...
Cod. 43663

For sale Development Property, Montenegro, Herceg Novi, herceg novi, Podi

132,008.40USD
For sale
Development Property

1350 m²
I am selling an urbanized building plot of 1530 m2. Classic construction allowed. Possible subdivision. Contact: 068 70 2252 Location: http
Cod. 43584

For sale Other (Land), Montenegro, Kolasin, Kolasin, 27 marta br 5

217,857.00USD
For sale
Other (Land)

15588 m²
I am selling a quality property near Kolasin with all possible facilities, of 15,588 m2. If you need more, there is a possibility to take a set of 140...
Cod. 43583

For sale Other (Land), Montenegro, Kolasin, Kolasin, 27 marta br 5

217,857.00USD
For sale
Other (Land)

15588 m²
I am selling a quality property near Kolasin with all possible facilities, of 15,588 m2. If you need more, there is a possibility to take a set of 140...
Cod. 43436

For sale Other (Land), Montenegro, Kolasin, Kolasin, 27 marta br 5

217,857.00USD
For sale
Other (Land)

15.588 m²
I am selling a quality property near Kolasin with all possible facilities, of 15,588 m2. If you need more, there is a possibility to take a set of 140...
Cod. 43377

For sale House, Montenegro, Herceg Novi, Podi, Ustanička 140

70,102.50USD
For sale
House

39 m²
House for sale, Herceg Novi, Ustanička 140, 39 m2, plot 221, registered. Electricity, water, sewage, garage. Fruit and olive on the plot. Possib...
Cod. 43126

For sale Farmland, Montenegro, Podgorica, Podgorica, Golubovci

167,167.50USD
For sale
Farmland

5000 m²
I am selling a house in Zeta, Golubovci, about 4 km from Golubovci Airport. The house has 155 m² and 5000 m² of land around it. It has three bedrooms,...
Cod. 42927

For sale Development Property, Montenegro, Niksic, Grahovo, Grahovo bb

20.49USD
For sale
Development Property

4500 m²
Land for sale (4,500 sq m) in Grahovo (Montenegro)! Placevi are ideal for holiday homes, 20 minutes from the Adriatic Sea and 700 m above sea level, ...
Cod. 42926

For sale Development Property, Montenegro, Niksic, Grahovo, Grahovo bb

20.49USD
For sale
Development Property

4500 m²
Land for sale in Grahovo (Montenegro). Just 20 minutes from the sea and 2 minutes from a beautiful lake at an altitude of 700 meters, this area of ​​...
Cod. 42925

For sale Villa, Montenegro, Lustica, zabrdje, Zabrdje bb

749,557.50USD
For sale
Villa

176 m²
Welcome to this stunning stone house nestled in the picturesque village of Zabrdje, located in the enchanting Lustica Peninsula. This charming propert...
2005-2024 REALIGRO REAL ESTATE LTD. All Rights Reserved - VAT Nr: 893969932
Neikos Digital Agency
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB