I want to alert you to a brand-new launch in Montenegro—one of the markets we’re most excited about in 2024.
We think Montenegro is on the brink of greatness.
It has jaw-dropping natural beauty, historical charm alongside ultra-modern luxury developments, and easy residency policies.
Property prices are affordable, especially compared to neighboring Croatia. And it’s on track to enter the European Union in the next few years.
It’s become a fixture on European cruiseship lines, and its tourism industry is fast-growing… meaning it will soon become a household name across the world.
All of these unique elements combine to command investors’ attention.
My Recent Experience In Montenegro…
Montenegro certainly got my attention when I visited in November 2022. I can personally vouch for all of the attributes I just listed, plus I can add a few more from my own experience…
I discovered a warm and welcoming expat community on my trip. I felt just how safe this country really is. And I got a close-up look at several property developments, specifically in Kotor Bay (the area we target for investment).
All of the developments I toured featured high-level construction with quality finishes and nice shared amenities—pools, restaurants, cafés, gyms, and so on—for their residents’ comfort and enjoyment.
All of them were perched on the hillsides that surround Kotor Bay. This meant they had panoramic views over the Adriatic but no direct beach access. A few compensated for that by offering shuttle services to the beach.
What I didn’t see during my visit was a development directly on the water… and speaking to local real estate professionals, they confirmed that waterfront property is extremely rare.
As one local contact put it, “It’s harder all the time to find land or a home close to the sea… You can get a sea view anywhere in Kotor Bay thanks to the geography, but actually being on the water is near-impossible.”
That’s why I’m so excited to tell you about the opportunity that just came across my desk.
Rare Seafront Investment Opportunity In Kotor Bay
A new luxury apartment complex that’s right on the seafront has just become available for investment.
It will feature 32 apartments with amenities like a restaurant, infinity pool, sauna, and gym… but best of all: a private beach right on your doorstep.
Being on the waterfront will set this development apart from anything comparable in the area.
Again, all the developments I toured on my trip had nice amenities (pools, restaurants, gyms, etc.) and great views…
But since they were up on the hillside, you could only admire the sparkling waters of the Adriatic Sea from a distance. To be in the water, you’d need a car or a shuttle service (or great hiking shoes to tackle the steep hills).
At this new seafront apartment complex, going to the beach or splashing around in the warm waters of the Adriatic will be as simple as stepping outside your front door.
The apartments range in size from studios to one- and two-bedrooms, with a few penthouses available.
Every apartment will have a floor-to-ceiling window, allowing for unbeatable sea and mountain views.
The complex will emphasize luxury living. All elements have been designed with modernity and elegance in mind.
The People Behind This New Project
The group behind the project is the same group that has brought you two previous Montenegro offers.
The first one (which we first spoke about in 2021) is a thriving hotel-apartment complex with rave reviews. The second project is currently under construction and expected to be completed on time.
In other words, this group already has an established track record in Montenegro, not to mention their projects in other countries (Spain, Hungary, the U.K., Qatar, etc.).
What About The ROI?
The projected range for annual net ROIs is 7.7% to 8.3%, depending on which unit you choose.
The developer is working with a rental pool system based on unit type. Everything will be managed turn-key.
This group specializes in delivering superior-quality projects, not only from a design and construction perspective but also in their approach to marketing and property management.
How Much To Invest In Montenegro’s Rising Popularity?
Global Property Advisor members got first dibs on this new luxury seafront complex, but you can still take advantage of pre-launch prices if you act quickly.
Prices start at 271,118 euros for a studio unit, and developer financing is available. By putting down 30%, you’ll get 24 months to pay the rest in installments.
If you go for a 50% down payment, you’ll get a 3% discount off your unit. With a full cash offer, you’ll get 8% off your unit.
If you’re interested in getting your own unit in this luxurious beachfront development, go here to get in touch with our experts on the ground.
Sophia Titley
Editor, Overseas Property Alert