Investing in Montenegro
We are delighted to once again be offering our clients the chance to invest in Montenegro with various investor ready properties close to the picturesque town of Tivat. Anyone considering investing in property in Montenegro will be naturally drawn to this stunning area of the Adriatic coastline as it offers the best rental returns from the ever increasing tourists visiting the area.
Tivat is experiencing a surge in popularity boasting over 16 different beaches and idyllic off-shore islands set within a dramatic mountain skyline and surrounded by other small artisan towns. The welcoming blue sea offers the chance to hire a boat or sail, and some of the sports on offer are scuba diving and underwater fishing.
The Grbalji plain connects Tivat with Budva, just ten minutes away, and Tivat is also linked to the heritage harbour town of Kotor by a tunnel which runs under Mt. Vrmac. In addition Tivat is close to the borders of Croatia and Bosnia and Herzegovina. Tivat is the smallest town in the Bay of Kotor yet has a rich cultural centre which includes an open air theatre, and the Tivat Cultural Center which houses a gallery, museum, theatre and cinema.
Investors may choose to single out Tivat as a prime location due to the investment which is being made into the port of Tivat which will transform it into a 700 berth yacht marina and thus attract many foreign tourists to the area. Tivat itself has and continues to see a lot of investment both in the local economy and infrastructure.
The most ambitious development to create a 700 berth yacht marina is already well underway. Such investment in the town makes it an obvious choice for those who want to see a good capital return on their investment coupled with the immediate ability to earn a steady rental income from tourism which is expected to rise enormously within the next decade. The World Travel and Tourism Council recently rated Montenegro “as one of the top two fasting growing tourist economies of the next decade”.
Currently we believe that Tivat is a buyer’s market as prices peaked then dropped several years ago as property prices boomed too quickly prior to the recession. They are now likely to rise again and investment in the area can be an excellent choice if one really searches round for sound prices rather than those which still remain too high.
We have secured some fantastic deals for our clients in the area –
The property we are offering is just 2km from central Tivat where Porto Montenegro is undergoing a total transformation bringing Tivat into a ‘Monte Carlo ‘type status. There is no doubt in our opinion that prices in Tivat will increase considerably over the next few years with the completion of Porto Montenegro and other developments.
This is a self contained block of 4 brand new apartments in Tivat, Montenegro.
Penthouse 3 bedroom apartment 105 square metres 165,000 Euros
1st floor 3 bedroom apartment 103 square metres 160,000 Euros
Ground floor 1 bedroom apartment 65 square metres 65,000 Euros
Ground floor 1 bedroom apartment 38 square metres 40,000 Euros
Total sales value 482,500 Euros.
We can offer these at a 15% discount price for the block at 365,000 Euros or individually as priced above.
For more information or to just chat about the options available to you, then please do not hesitate to get in touch.
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