April 13, 2019 - Continuing our look at the real estate opportunities in Montenegro, in association with RE/MAX, a trip to Herceg Novi.
It is a big year for tourism in Herceg Novi, as Portonovi will finally open its doors this summer. The luxury resort at Kumbor will eventually cost 900 million euro once complete, and the level of luxury will put Herceg Novi firmly on the map.
So it is not a bad neighbourhood to be in...
I had a drink with a regional property expert recently, whose opinion is that Portonovi will do wonders for land values in the region.
And if you don't fancy building, this week's property of the week might be the perfect solution.
Situated in the village of Djenovici, right next to Kumbor, the 2010 apartment of 109m2 is described as follows on the official RE/MAX listing:
This home screams ‘designer’ and will reflect the personality and taste of those accustomed to the best in quality design, finishes, and lifestyle.
Highly sophisticated in the choice of furniture, light colors, and design, this beautiful home is enveloped in light and comfort. Crisp white walls, light brown floors, and high ceilings create a style as timeless as the sparkling sea view. The calming sea vista and mountains, captured through the extensive use of glass, will help you forget city stress. It won’t be easy to click out of high-end holiday mode in this stylishly contemporary residence for the modern pleasure-seeker.
Asking price - 320,000 euro. For more photos, info, and to book a viewing, check out the original listing.
April 8, 2019 - Continuing our look at the real estate market opportunities through the catalogue of RE/MAX Montenegro, a visit inland to a strategic location.
While the majority of buyers in Montenegro are looking for something with a gorgeous sea view, there are also plenty of buyers who are looking to buy in other parts of the country. Inland Montenegro is increasingly popular as well, and sometimes a location enabling owners to reach a number of destinations with relative ease is an important factor to consider when purchasing.
And if you are looking for a location which offers good access to the main centres of Budva, Tivat and Kotor, as well as magical Jaz beach, there are few better than Radanovici, from where this week's RE/MAX Property of the Week comes from. In the words of the official sales description:
This is an excellent location because it is central to almost anywhere that you would want to be. It's 2.4 kilometres to Jaz beach, which was voted BEST BEACH IN EUROPE, by Lonely Planet. Budva is 5 kilometres away, Tivat and Porto Montenegro 15 kilometres and Unesco town of Kotor 14 km.
The landscaping and gardens are superb, its a citrus garden and has a sprinkler system to keep the grass nice and green all year round. The villa is built for all year round living, it has very expensive Italian furniture custom made and the chandeliers are made of rock crystal by 'Shonbek'.
This property has it ALL there is not anything you would want from high speed internet to bamboo parquet flooring, Italian ceramics, plasma tv's, air conditioning, two types of video surveillance, alarm system with an output to the phone, electric gates and central heating.
Front and rear gardens both have gazebos to relax and enjoy your stay at the house plus you have parking for 5 to 8 cars. This 5 bedroom dream villa has a technical utility room, 3 bathrooms, WC, dressing room and an en suite bathroom together with 3 external balconies.
Lastva Grbaljska is a small place located near the capital of tourism in Montenegro - Budva. What particularly adorns this place and gives it a charm is full privacy on the one hand, and easy accessibility of all city content on the other.
The most beautiful beaches, the most popular tourist centers and the most important cultural and historical heritage are only a few minutes away from this beautiful place.
For more photos, information and to book a viewing, check out the original RE/MAX listing. Price 570,000 euro.
April 1, 2019 - Continuing our look at the real estate opportunities in Montenegro through the RE/MAX catalogue, this week a brand new luxury villa in Budva.
For some, it is close proximity to the water, while for others, the relaxed terrace view from afar is equally appealing. And while being close to the sea undoubtedly has its advantages, nothing quite beats the additional peace, privacy and tranquility of a luxury villa set in spacious and lush grounds. Just 10 minutes away from downtown Budva, but a world away in terms of relaxation, this week's RE/MAX Property of the Week is an absolute gem.
Completed last year, fully furnished and ready to move into, this 5-bedroom villa, complete with its own outdoor pool and lush gardens on a 1,000 m2 plot, is not likely to be on the market for long. According to the official RE/MAX property description:
This lovely villa is set on approximately 200 sqm, in this perfect location enjoying magnificent views and total privacy and tranquility yet within a 10-minute drive to the coastal area and beaches.
Entrance through a remote gated driveway which can take up to 4 cars, the Villa is surrounded by lovely mature Gardens, including a number of fruit trees, palm trees and olive trees, leading to the private ‘infinity’ swimming pool, jacuzzi, deck area and outside dining and bbq area.
Accommodation comprising of an entrance hall, leading to the open plan fully equipped Kitchen / Living / Dining room area thus having all rooms leading to the outside entertaining area, guest bathroom, bedroom. On the first floor one finds another 3 double bedrooms (main with ensuite and walk-in closet), main bathroom and surrounding terraces to simply enjoy the breathtaking coastal views.
Using only the best material and highest quality including ‘Daikin’ air conditioning system throughout, high quality imported ceramics and mosaic for the bathrooms, as well as the highest quality wood and parquet flooring, CCTV, 4g internet system throughout and a fully automated water irrigation system. The villa is being sold completely furnished and equipped and ready to move in to.
And with quite a view! Asking price is 820,000 euro. For more information, photos or to book a viewing, check out the original RE/MAX listing.
March 21, 2019 - Continuing our look at the real estate scene in Montenegro through the eye-catching RE/MAX portfolio, this week a chance to buy in the delightful Petrovac.
Spring is here, and so thoughts of lazy days at the beach and relaxing cocktails on the terrace come to mind. The Montenegrin coast is sure to be popular again once more this summer, and with the real estate market booming, we continue our look at the real estate offers on the coast, in partnership with RE/MAX Montenegro.
This week we head to gorgeous Petrovac, a lovely spot which is a little calmer than its more boisterous neighbours, Budva and Sutomore.
Situated on the road from Budva to Bar, close to the old mountain road to Podgorica, Petrovac is a great base for a stay in Montenegro, and sandy beach lovers will enjoy its famous 600 metre-long beach.
The latest RE/MAX property of the week comes with a great view of the sea and the small chapel on the rocky islet in front of Petrovac, which was built as a thanksgiving for a shipwrecked sailor's life.
From the RE/MAX property description:
"Luxury apartment in Petrovac for sale! Three-bedroom apartment has 152 sqm. It is fully furnished and has a multi-split system. Each room has a separate bathroom. The owner offers the option of buying a parking space.
"It is located a few minutes walk from the city beach in Petrovac. 100 m from the building is medical center, bakery and mini markets, while the big market is 200 m away. From the apartment there is a beautiful view of the sea and Petrovac."
Asking price 420,000 euro. For more information, photos and to book, check out the original listing on the RE/MAX website.
March 9, 2019 - Continuing our look at the real estate opportunities through the mouthwatering RE/MAX portfolio, find a view which beats this one!
It is said that there are only three things you need to consider when buying real estate - location, location and location.
And while that is certainly very true, my experience over the years dealing with real estate on the Adriatic over the last 17 years has been that there are three other factors which are equally important - the view, the view and the view.
And they don't get much better than this.
Located just a few kilometres from Budva and yet a world away from the busy summer season, this breathtaking view of the Adriatic is just one of several highlights for this week's RE/MAX Property of the Week.
This standalone and fully-furnished house comes with an additional plot of land (430m2), where you can build either a swimming pool or an additional house.
More details of the property from the official RE/MAX property description:
"Located in a small village near Budva, this house is few kilometres away from the Old Town of Budva and nearby beaches. This completely furnished house has an area 105m2 on a plot of 250m2 with additional 430m2 plot adjacent to the house which can be used to build a swimming pool or another house. In addition to that, there is a 45m2 basement and on the flat roof one more apartment can be built. Excellent potential for further development.
"The internal area is divided between one bedroom, spacious living room and kitchen, bathroom and the spacious balcony. In front of the house there is a parking spot. The whole area is surrounded by fence on automatic settings. This beautiful private oasis can be yours. Think about moments with family and friends in the garden with a wonderful view of the city & sea and energy of the sunsets, every day and night... with music, Mediterranean dishes and fresh air. Sounds priceless, right?"
And how much for this priceless view, with options for another apartment and additional house or swimming pool? A mere EUR 260,000. For more information, photos and to book a viewing, check out the original RE/MAX listing.
February 27, 2019 - Continuing our look at the real estate for sale in Montenegro through the eye-watering RE/MAX catalogue, a spacious house with commanding views of the sea and mountains above Tivat.
Wild Beauty. The official slogan of the Montenegro Tourist Office. The land where the mountains come down to the sea. A country where you can ski in the morning and swim in the afternoon.
And while many properties have that all-important sea view, not so many combine Montenegro's wild beauty with a combination of spectacular mountain and sea view.
Add to that a spacious garden on a 2,000m2+ land plot, commanding views of Tivat just 3km below, and it is not hard to see why this brand new listing in Cesljar, Tivat is this week's RE/MAX Property of the Week:
Your dream of a green and peaceful residential haven turned into reality.
Tucked in amidst the beautiful garden on a plot of 2025 m2, surrounded by scenery of the sea and the mountain, this sublime jewel is built as an architectural and design masterpiece carved out to complement the inspiring presence of beautiful nature.
This multilevel, contemporary house comprising three floors and three apartments, provides captivating comfort to those seeking the refinements of the modern designs complemented with sophisticated, featured amenities.
On an advantageous location, engulfed amidst the nurturing environment of lush greenery, with beautiful swimming pool, and barbeque area, it is ideal for family and offers the unique opportunity for social gatherings and pleasant, relaxing hours in the garden.
This elegant home comes with unique features to meet expectations on even most sophisticated wish list: elegant, contemporary, spacious and bright interiors with 263 m2 of internal area, 3 kitchens, dining room, living room, open plan dining area, 6 bedrooms, 3 hallways, washing facilities, and 3 spacious bathrooms with a jacuzzi. Generously sized windows of this cozy, elegant home bring in a lot of natural light.
In addition, the house comes with 3 balconies, front terrace, spacious backyard, and courtyard.
Important features, amenities, and facilities involved:
• Great location
• Sea view
• Mountain view
• The great urbanized garden plot, ideal for construction of another villa
• Spacious yard
• Spacious access to the house
• Garage for two cars on street level with the motorized door, water, and electricity
• Garden Shed
• Water supply- the main one and additional: reservoir
This house which can be either purchased or rented unveils a new dimension of sophisticated living at the Montenegrin coast while ideally fitting to nurturing social relations, enriching family lifestyle and distinct taste of quality living.
Price 795,000 euro. For more information, photos and to book a viewing, check out the original listing.
February 20, 2019 - Continuing our look at the real estate opportunities in Montenegro through the RE/MAX portfolio, a visit to a slice of luxury in Budva.
Montenegro is famous for its spectacular views and wild beauty, and few vistas are more gorgeous than overlooking the old town of Budva and its picturesque bay.
The Budva real estate scene is busy, and there is a real diversity in terms of quality and location, but the new Como project - a RE/MAX exclusive - is superbly located and offers a real touch of luxury and exclusivity in this hugely popular seaside town.
Como is a new and exclusive development of just 18 high-quality units, all of which are either 3-bedroom apartments or 3-bedroom penthouses with roof terraces. In addition to the top quality design, materials and finish, Como has a 24-hour reception, concierge, security, and both maintenance and rental management. Both garages and outdoor parking spaces are available. The roof terraces include spa and relax decks with jacuzzi, showers and sauna on one side, and an open kitchen on the other. All apartments have the Smart Home system, fully equipped kitchen and bathroom, floor heating and CCTV.
Each of the 18 units is listed separately, and to give you a flavour of what is on offer, here is the official RE/MAX description of this 123m2 apartment:
Located in the hills above Budva, in a secure gated community this beautiful 3 bedroom apartment enjoying the use of a large communal swimming pool and deck area, offers incredible sea views and an amazing view of the island St. Nicholas. The location, luxury unique design meets the standards of the most demanding clients.
The development is located on the east side of the settlement therefore one can enjoy the spectacular sunrise. Carefully designed residential units and external landscaping provide to the residents comfort, luxury and peaceful atmosphere. Modern design with a functional layout with an emphasis on the enjoyment of the living room and the terrace with a large surface area with the amazing overview of the sea, the old city and mountains.
The apartment meets the highest standards, including a smart and modern system of regulating air temperature, fitted kitchen and bathrooms are included in the standard equipment being proposed by the developers. Having a total area of 123 sqm the property comprises of a large living room / kitchen / dining room, 3 spacious bedrooms, bathroom, guest toilet and laundry room as well as spacious terrace of 20 sqm with magnificent views. Further complimenting this apartment is an underlying garage. Price 469,000 euro.
For more photos, information and to book a viewing on this or the other 17 luxury homes, visit the RE/MAX listing here.
February 12, 2019 - Continuing our look at the real estate opportunities in Montenegro through the RE/MAX catalogue, a visit to the fashionable Podgorica kvart near Delta City.
While most foreigners looking to invest in the Balkan region understandably look to the coast, there are plenty of opportunities elsewhere. Indeed, for long term rentals, the capital cities are worth a look. Ljubljana, Zagreb, Belgrade, Podgorica and Tirana have stable rental prices and a healthy market place. In Podgorica, for example, the average price for a 2-bed rental in City kvart is 650 euro a month.
This week's property of the week comes from the fashionable district near Delta City shopping centre and is a RE/MAX exclusive. Here is the official description:
Extremely attractive location meets the highest standards of comfortable housing. Excellent opportunity to acquire a third-floor apartment in a prestigious development located in a City kvart close to the famous shopping mall Delta City and to all amenities.
The location is well connected by roads to all parts of the city. Accommodation of 68 sqm comprises an open plan kitchen/dining/living room, two spacious bedrooms, the main bathroom, guest toilet and front terrace. The property is built with the high-quality materials (demit facade, blind door, oak parquet floors, Spanish ceramics first class, lowered ceilings), offers good sized rooms and it is finished to very good specifications.
The apartment is facing north-west. In front of the building there is a parking place free of charge while on the back side there is a parking space where one can rent a place. The building is equipped with the elevator. The apartment is being sold completely furnished, equipped and ready to move in to.
It should be noted that this apartment has been upgraded compared to the original project - it has underfloor heating in the bathroom, large closets in bedrooms and hallways offering lots of storage space, washer and dryer machines; built-in fridge, oven, small fridge for drinks and microwave; lower ceiling in the living room and kitchen.
Not a bad price ratio per square metre - 68m2 for 106,000 euro. For more information, photos and to book a viewing, check out the original RE/MAX listing.
February 5, 2019 - Continuing our look at the real estate opportunities in Montenegro through the mouth-watering catalogue of RE/MAX Montenegro, a visit to the UNESCO World Heritage Site of Kotor.
Where is the most beautiful place in Montenegro?
In a country of outstanding natural beauty, there are so many places to choose from, but few are surely more picturesque that Kotor and its delightful bay, the deepest fjord in southern Europe.
And when it comes to real estate in Montenegro, there are few things more important than the all-important view. A UNESCO World Heritage Site since 1979, the Bay of Kotor is among one of the most breathtaking natural treasures in all Europe. Now imagine that your bedroom view was something like this every morning.
Take a video tour of our latest RE/MAX Property of the Week, a 2-bed, 2-bath apartment, completely furnished and with access to not one, but two swimming pools which both look out onto the bay. And take note of the temperature in the video above - 26 Celcius in the middle of October. With Tivat Airport just 15 minutes away by car, owning an easily maintainable apartment in such a prime location becomes a great lifestyle addition for those looking for a little winter sun.
Life in the bay continues as it has for thousands of years, with the timeless beauty that makes Montenegro so addictive. The cruise ships are a more modern addition, and they too have their charm and rhythm in bay life. So much simplicity and beauty to be observed from your peaceful terrace.
And while the action in the old town of Kotor is no doubt livelier, observing the bay and way of life from a quieter fishing village such as Muo where the property is located, brings an additional layer of tranquillity to this gorgeous region.
For more information on the property itself, here is the official RE/MAX description:
Kotor Vista Development is a 2 bedroom, 2 bathroom, living room and kitchen, fully furnished fabulous apartment. Panoramic sea view which looks across to Kotor Old Town. Kotor Vista Development is a 2 bedroom, 2 bathroom, living room and kitchen, fully furnished fabulous apartment. Panoramic sea view which looks across to Kotor Old Town.
The apartment is large and has 80 square meters with a balcony to enjoy a glass of wine and admire cruisers coming into Kotor Bay.
Muo is an anglers' place located inside the Boka Kotorska Bay. It is a picturesque view of the ideal Mediterranean village. Muo provides an exceptional view of the old town, Kotor.
For more information, photos, price and to book a viewing, check out the official RE/MAX listing.
January 29, 2019 - Real estate in Montenegro is booming once more. After the halcyon days of 2004 when foreign investors poured into the country, the real estate market is once more buoyant. Signature developments such as Lustica Bay, Porto Montenegro and Portonovi have brought real 5-star class to the Montenegrin property scene.
And it is not just these major luxury developments where people are buying. Renovated stone villas, more modest apartments with sea views, and land. Total Montenegro News has decided to take a much closer look at the real estate scene here in 2019, and we are delighted to announce a new partnership with RE/MAX, one of the biggest names in global real estate.
RE/MAX recently entered the local market and has already made a big impact with a mouthwatering property portfolio. As part of the 2019 TMN coverage this year, we will be doing various in-depth features on the current real estate market, as well as a weekly Property of the Week from the Remax catalogue.
Perhaps fittingly, we start in Tivat, a small town which has seen an explosion in investment and building in recent years. Superbly located just a few minutes away from Kotor, Lustica Bay and its very own Porto Montenegro, the huge rise in passenger flights to Tivat Airport has made properties here accessible as never before - all year round.
Meet the first Property of the Week, where traditional Montenegrin stone meets high-quality luxury renovation with all the mod cons. A superb blend of tradition and comfort just 10 minutes walk from Porto Montenegro.
In the words of the RE/MAX catalogue:
One of a kind, professionally designed and updated old stone character property with terraced outdoor living areas and two off-street parking spaces. 10 minutes walk to Porto Montenegro. Three full bathrooms and four bedrooms on three floors with a total gross of 201 m2 (2,163 sq. ft.) 167m2 net interior living space, on a 201m2 plot perfect for outdoor living.
Recently completed renovations include new high quality, secure and energy efficient exterior doors, windows, and shutters, as well as a new solid wood pergola on the first floor raised terrace. Security alarm system and cameras are also recent. Original exposed stone interior walls, wood beams and more recently installed rustic wood plank floors blend seamlessly with newly updated interior finishes that include areas of antiqued local stone, porcelain, solid wood architraves, interior doors, and fresh decoration. Recently completed renovations include new high quality, secure and energy efficient exterior doors, windows, and shutters, as well as a new solid wood pergola on the first floor raised terrace. Security alarm system and cameras are also recent. Original exposed stone interior walls, wood beams and more recently installed rustic wood plank floors blend seamlessly with newly updated interior finishes that include areas of antiqued local stone, porcelain, solid wood architraves, interior doors, and fresh decoration.
This family home with optional top quality designer imported Italian furnishing and lighting, boasts a large open plan main living area, fully fitted kitchen, up to western standards, and new high-quality appliances. French doors open onto an outdoor living area shaded by oleander, bay leaf, and orange trees. This family home with optional top quality designer imported Italian furnishing and lighting, boasts a large open plan main living area, fully fitted kitchen, up to western standards, and new high-quality appliances. French doors open onto an outdoor living area shaded by oleander, bay leaf, and orange trees.
All bedrooms have connecting bathrooms. The large master bedroom loft featuring a deluxe five-piece en-suite and private sitting area being the most luxurious suite them all.
Price 475,000 euro.
For more information, photos and to book a viewing, check out this exceptionally renovated stone villa on the RE/MAX website.