Montenegro has 182 miles (294 kms) of coastline, and the most popular beach towns are Kotor Bay, Budva, and Bar.
Kotor Bay is the most beautiful, best-appointed area along the coast and the most interesting opportunity for investors.
The bay is dotted by a charming mix of medieval villages, modern towns, and luxe modern developments complete with superyacht marinas. The ultra-wealthy treat this yachting paradise like their own private riviera.
Within a few hours’ drive inland, there are sprawling national parks that are an adventure sports enthusiast’s playground and about a dozen ski resorts.
We like the diversity of lifestyle opportunities and property types it provides. It’s home to Kotor Old Town, an ancient walled village that’s widely regarded as the best-preserved medieval town in the Mediterranean.
Jaw-dropping ocean views are almost a given with Kotor Bay’s real estate. The geography of the bay ensures that. Rarer, however, is property directly on the water. Inventory of that type of property is limited.
Buying costs are low in Montenegro. As well as the purchase tax, the buyer must also pay the notary and legal fees, which are typically 1%. The seller pays the real estate agent’s fees, which are between 3% and 5%.
Montenegro’s government values foreign investment. It continues to invest in tourism and construction… more hotel chains are establishing themselves here all the time… cruise ships sail up to Kotor’s harbor on the daily… It’s only a matter of time before it becomes a household name.
Kotor Bay offers the potential for high rental yields… and you can still take a position for less than 200,000 euros in pre-construction developments.
Montenegro is on the cusp of joining the European Union. When ascension happens, the spotlight will inevitably shine on Montenegro, which could put Kotor Bay’s property values on par with Dubrovnik’s.
Potential appreciation aside, Montenegro commands investor attention for its unique residency opportunity. Right now, you can buy property of any value in Montenegro and be automatically eligible for legal residency in the country. (Gaining long-term residency in neighboring Croatia, by comparison, is next to impossible for non-EU/EEA nationals.)
Montenegro residency would translate to EU residency when it eventually joins, giving you enhanced access to the 27 countries that make up the EU.
In short, a property purchase in Montenegro is not just a property purchase… It has the potential for rental yields and price appreciation, and it brings currency diversification as Montenegro’s currency is the euro. It’s also a residency opportunity that could amount to the cheapest and easiest backdoor to the EU that exists…
Sincerely,
The Editors Of Live And Invest Overseas
