Montenegro, Buying real estate can be a lucrative business and a profitable investment, News
During the previous year, the entire world faced the biggest economic crisis since the Great Depression, but despite this, the real estate market in the world, and in the region, continues to flourish. This is evidenced by the data of the Central Bank of Montenegro, which show that in 2022, foreign nationals bought real estate worth as much as 410 million euros, most of which were on the coast.
Why do foreign investors choose Montenegro?
By investing in real estate, you actually save money. The fact is that they are recession proof and historical data shows that their value continues to rise despite numerous economic downturns. The crisis of 2008 showed that, unlike stocks, real estate provides long-term stability despite major changes in the market.
Montenegro is highly positioned on the list of countries with a favorable tax system. For now, it has signed an agreement on avoiding double taxation with more than 40 countries, and low taxes, as well as easy access to legalization papers, contribute to the great interest of foreign investors.
In addition, buying real estate, apart from personal satisfaction, can be a lucrative business and a profitable investment. In order to achieve all this, it is very important to invest in a suitable high-quality property in a good location. This is precisely why real estate on the coast is an unmistakable choice, especially if they are located near larger cities, tourist centers and airports, as is the case with the elite Portonovi settlement in the Bay of Kotor. This unique resort is located in the immediate vicinity of Herceg Novi, and the airports in Tivat and Dubrovnik.
The most luxurious addresses on the Adriatic coast
Due to the rich supply that Portonovi has, these properties could appreciate faster than others. In an authentic, picturesque settlement you can find everything you need to fully enjoy life by the sea 365 days a year – from top restaurants, cafes, shops and bars, to tennis courts, numerous swimming pools and wellness centers. Thanks to all these benefits, even if for some reason you decide to sell your home in Portonovi, you will get an excellent resale price.
The offer includes modern Marina apartments, which are located right on the coast and have direct access to Porto’s marina, as well as Sky villas with spacious penthouse apartments and private terraces which offer a view of the entire bay. Also, in the very heart of the settlement, there are residences that exude a combination of Mediterranean, Venetian and Montenegrin motifs, which also adorn the sophisticated One&Only private homes.
An additional benefit Is that the residents of coastal communities often have a much more comfortable lifestyle than those who live in cities, because everything is within walking distance and there is no need for cars, and therefore hassles with crowds and parking. Also, activities such as enjoying the beach, swimming and a daily dose of sun and fresh air have a positive effect on mental and physical health. Therefore, even if you cannot fully time the market, which is subject to crises, keep in mind that owning a property like this will be a constant source of income, but also peace, satisfaction and enjoyment.
Sign up for business news updates & special reports.
- February 16, 2023 Serbian Belkalhan calcite & graphite mining developer invites JV partners for joint critical raw materials exploitation
- March 28, 2023 Montenegro, A lot is expected from the upcoming summer season
- March 28, 2023 Many joint projects are in front of Montenegro and Serbia
- March 28, 2023 Saudi low cost airline Flyadeal will fly to Tivat during summer