Montenegro real estate. Montenegro property prices
Property for sale in Montenegro attracts with its affordable prices, low taxes and simple acquisition procedures. Most foreign investors look for seafront Montenegro real estate (usually apartments) that sell for €150,000.
The Montenegrin coast includes the Bay of Kotor, Budva, Bar and Ulcinj Rivieras.
The largest cities along the Bay of Kotor are Herceg Novi, Perast, Kotor and Tivat. Montenegro property here sells for €2,000–2,500 per square metre. There is a yacht marina, Porto Montenegro, and a new modern residential complex 7 kilometres away from Tivat. The buying prices of Montenegro real estate here start from €5,000 per square metre. €360,000 and more can buy a one-bedroom apartment here. Herceg Novi has the best beaches, two of which were awarded blue flags, and the cities of Perast and Kotor are stunning UNESCO world heritage sites.
The Budva Riviera has the most expensive real estate in Montenegro. Budva is the most popular resort of the country and lies in the middle of the Adriatic coast. The buying prices of properties in Budva cost €2,000–2,500/sq. m. on average. €50,000 can buy an apartment here and houses sell for €250,000 and more. Prices of prime property start at €3,000/sq. m.
The cities of Becici, Petrovac and Przno are not as touristy as Budva and less popular for those looking for a booming nightlife. Rafailovici differs from other resort towns on the coastline because there are few hotels but buyers can find seaside villas for sale here. There are mostly modern developments in Bar but not all homes overlook the sea. Apartment prices start at €50,000–60,000.
Ulcinj has the highest number of sunny days and the longest beach in the country: Velika Plaza. Apartments here sell for €50,000–60,000. Buyers of properties in Montenegro seldom select properties on the Ulcinj Riviera even though it is lovely and has the best opportunities for surfing.