Some parts of Europe avoided the mass development of the 20th century that blighted parts of the Algarve, Spain and Italy. One of those countries is Montenegro. It is a jewel of the Adriatic and is fast becoming a 21st-century Riviera. With impressive geographic diversity and lower prices than Croatia, Montenegro is attracting both tourists and investors. Montenegro once relied industries such as steel-making, but since it gained independence in 2006 but it started relying on tourism, and investors from around the world have found that its unspoiled coastline is a gem. Billions of pounds are flooding into the country, most of it for building properties. Buyers are piling in as holiday apartments start at around £150,000. For such a small amount you can buy a heaven. 2bn Euros of high-quality investments are planned over the next few years.
Montenegro has attractive property and personal income tax rates. Doing Montenegro real estate business is simple and fast; It takes a day to set up a company and it costs €1. It can’t be easier than that.
Montenegro’s prices have risen dramatically, however they remain lower than Croatia’s. In Dubrovnik, Croatia prices are €10,000 per square meter.
In Montenegro’s popular coastal towns prices range from €2,000 to €4,000 per square meter. The southern coast is about €1,500 per square meter, and inland prices are roughly €600 to €1,000 per square meter.
Most of Montenegro’s properties for sale are apartments, and they are most attractive.
Investment properties typically range from €100,000 to €400,000, although a luxury villa or apartment could exceed one million mark. The new development is focused around the Bay of Kotor, as well as Tivat, thanks to the luxurious yacht marina – Porto Montenegro. It’s still in development, but it has 185 marina berths, five mixed-use buildings with 130 luxury residences, more than 20 retail outlets, a full sports facility, yacht club, 64 meter infinity pool and lounge bar, a naval heritage museum, and a waterfront boutique hotel.