From the cheapest options to the expensive ones. A selection of real estate in Montenegro for any budget
Buying real estate in Montenegro for your own residence or for investment is still a great idea according to local and foreign investors. The country is popular among real estate buyers, and we are talking about both very cheap apartments and truly elite villas. That is why we have collected absolutely different options for housing: there are inexpensive options as well as luxury offers.
Briefly about the situation in the real estate market of Montenegro
Foreigners can easily buy property in Montenegro, this applies to both individuals and legal entities. How to buy a house in Montenegro: step-by-step procedure of the transaction, the cost of apartments, taxes, and mortgages — read in a detailed guide.
As for the popularity of this country among investors — the situation is only improving. Last year, the volume of investment in the economy of Montenegro increased significantly, and one of the most popular areas for investment was, of course, real estate.
Montenegro is still popular with tourists, so real estate in resort towns and the capital is much more expensive than in cities in the country. On average, the cost of a one-bedroom apartment (50 sq m) in the center of cities in Montenegro is $90,000 (a square meter costs about $1800); outside the center — $65,000 (a square meter is about $1300).
ROI, gross rental income from real estate in Montenegro varies from a percentage: 5.37% (in city centers) to 5.09% (outside the center).
A selection of real estate in Montenegro
Apartment in Herceg Novi for €115,000
On the coast of the Adriatic Sea, surrounded by mountains, there is a resort town Herceg Novi. This place is considered one of the greenest areas of the Boko-Kotor Bay, and thus one of the most environmentally friendly.
Here is a two-bedroom apartment with a total area of 57 sq.m for sale. The apartment is located on the 2nd floor of the house. The layout includes a living room with a dining area combined with an open kitchen, two bedrooms, a bathroom, and a spacious balcony. According to the seller, from the terrace overlooking the sea and the mountains. Judging by the photos, the apartment is renovated, but there is no necessary furniture and appliances, all these future buyers can choose themselves.
The ad states that the distance from the house to the sea is only about 380 meters. From the terrace of the apartment, there is a view of the mountains and just a little bit of the sea. In front of the house, there is parking.
Apartment in Bar for €170,000
There are quite a few properties for sale in the popular tourist city of Bar. We paid attention to a one-bedroom apartment with a total area of 63 sq.m. According to the seller, it is one of the best houses in the city: the area is very well-developed infrastructure, and the distance to the sea is only about 350 meters. In walking distance from the house, there are schools, restaurants, sports centers, hospitals, and supermarkets.
The apartment is located on the 7th floor of a house built in 2008. The layout includes an entrance hall, living room with kitchen and dining area, bedroom, bathroom with shower, and terrace. The ad states that the repair is «fresh and stylish», but objectively this color combination may not suit everyone.
An interesting feature: the building has a «central vacuum cleaner» system. Moreover, there are management company services in the house, including concierge, video surveillance, and videophone.
Apartment in Sutomore for €39,000
In Sutomore you can find really inexpensive properties in Montenegro. The city is located not far from the city of Bar where tourists love to come.
An apartment with a total area of 23 square meters is for sale for €39,000. For this money, the seller offers a home equipped with everything you need. The apartment is located on the first floor of the house, just 300 meters from the sea. Nearby, of course, there are cafes, restaurants, and grocery stores.
The apartment is fully furnished and consists of a living room with a kitchen, bathroom, hallway, and terrace.
Apartment in Podlichak-Milocer for €350,000
Village Podlichak is the closest suburb of Budva, a promising area with a rapidly developing infrastructure, which belongs to the Budva Riviera.
A stylish duplex apartment of 144 sq.m. is for sale, fully furnished, on two floors. The layout includes a living room with a kitchen, three bedrooms, a spacious terrace with a great sea view, and three bathrooms (one of which is combined with a bedroom).
Judging by the pictures, the apartment is fully equipped with furniture and appliances. The design of the apartment is quite restrained, with classic colors: beige, white, and gray. The future owner will be able to dilute the achromatic interior with his or her own bright accents.
The terrace offers great views of the sea and the island of St. Nikola. Within walking distance of the Russian school, 4 of the best beaches in Montenegro with the cleanest water, Milocer Park with a unique healing air, tennis courts, playground, and supermarket.
Apartment in Herceg Novi for €75,000
An interesting new building for sale in Herceg Novi. There are apartments for sale with one-bedroom and two-bedroom apartments from 41.47 sq.m. to 47.19 sq.m. Apartments start at €75,000. The apartments are sold unfurnished and ready to be finished.
Near the house, there is parking, landscaped yard. There are beaches, restaurants, and hypermarkets in close proximity. According to the seller, the house will be fully completed by August 2023.
Villa in Tivat for €2,310,000
In the resort town of Tivat, there is a beautiful villa for sale. The house is located on a slope, so it has an incredible view of the sea and the mountains. The villa was built very recently in 2022, and, according to the seller, during the construction only the highest quality and modern materials were used.
The total area of the house is 551 sq.m. The layout includes five bedrooms, six bathrooms, a gym, a technical room, and a laundry room. In front of the house, there is a private swimming pool overlooking the sea. On the second floor, there is a spacious terrace with a Jacuzzi and a beautiful view.
Judging by the photos, the design is quite minimalistic, there is a lot of free space in the rooms, and the furniture is only necessary. There are no accent details, the interior is decorated in classic achromatic shades.
