Property of the Week

04 Jan 2020, 13:23 PM

January 4, 2020 - Looking for a bargain villa in Montenegro to celebrate the New Year? Look no further that Lustica and the RE/MAX catalogue.

One of the most desirable places to live in Montenegro is without doubt the Lustica Peninsula. An area of outstanding natural beauty, it is also superbly located close to Tivat, Budva and Tivat Airport. A little off the main traffic arteries, it offers the benefit of being close to the main action without being disturbed by it. 

The huge 1.1 billion euro investment from Orascum in Lustica Bay is also transforming the area, adding some of the highest quality accommodation and facilities on the Montenegrin coast, and there really are few better places to choose for your holiday home. 

Especially when that holiday home is a quality villa offered at a bargain price, the latest from the mouthwatering brochure of the RE/MAX real estate catalogue. In the words of the RE/MAX original listing:

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Beautiful stone house for sale on the peninsula of Lustica. The house is an ideal base for a family who are looking for a peaceful getaway on the coast. Here you can enjoy relaxing in a tranquil environment away from crowds and traffic, dining al-fresco, entertaining your friends and family, sun bade or star gaze on the large balcony. It is spread over 200 sq meters (2150 sq feet) and arranged over 3 levels with a garden and gated parking spaces on the plot of 420 sqm. Four tastefully decorated bedrooms are spacious, filled with natural light, each with built-in wardrobes and air-conditioned.

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The bathrooms are modern with plenty of storage one on each level of the house. Comfortable, double aspect living room with two sofas and an armchair is on the ground floor. It has a wide screen TV with satellite channels available and the villa also has WIFI access. There is a large, open plan kitchen-dining room on the ground floor. The modern kitchen offers all contemporary amenities, with plenty of cupboard and work space. There are doors leading to a garden with a large table for al-fresco dining and barbecue.

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It is in an idyllic, rural location on the southern side of Lustica peninsula, peaceful and tranquil with rolling hills, olive groves and magnificent views. It’s a good base to come back to while exploring Montenegro as even the most remote parts of the country are no more than couple of hours away.

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Lustica is still one of the relatively untouched parts of Montenegrin coast and on its southern side there are beautiful beaches with crystal clear waters. It is perfect for nature lovers, hikers, joggers and cyclists. The house is located within an easy reach of many beautiful beaches with their restaurants and bars. Mirista and Zanjice are the closest, accessible by bike or a car or, if you are a walking enthusiast, there is a footpath 1.2km (less than a mile).

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At the tip of the peninsula there is Rose, the fishing village with popular seafood restaurants and to the other side an unusual rocky beach of Veslo, the upmarket beach resort Oblatno and a sandy beach of Plavi horizonti. Supermarkets are within in 20 min and 30 min drive from the village. A van stops very near the house every morning with fruit, vegetables and the basics. Organic olive oil available locally.

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Sales price just 300,000 euro. For more information, photos and to book a viewing, check out the original RE/MAX listing

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19 Dec 2019, 15:12 PM

December 19, 2019 - Continuing our look at the real estate opportunities in Montenegro through the RE/MAX catalogue, this week a whole apartment block near Bar. 

Real estate prices in Montenegro can sometimes seem expensive, with prime location villas selling for millions. But for every prime luxury villa, there are also plenty of much more affordably-priced holiday homes all over the coast and interior.

And if you look a little closer, there are some real bargains to be had - take a look at this one, the latest Property of the Week from RE/MAX Montenegro, in the village of Dobra Voda near Bar. While you can easily spend half a million euro on a property in Montenegro, here is a chance to pick up six apartments in one complete building for a little less than that. According to the official RE/MAX property description:

The building consists of ground floor, two floors and a roof terrace. It contains 6 one-bedroom apartments, two on each floor. Each apartment has a terrace overlooking the sea, hallway, living room with kitchen and bathroom. Three apartments have a surface area of 46m2 and three apartments each have 43m2. The apartments are equipped with a kitchen and all kitchen appliances> cookware, fridge, sink, hanging and floor kitchen units. Bathrooms are equipped with shower, sink, washing machine Roof terrace is 93m2, Each apartment has one parking space. The building consists of ground floor, two floors and a roof terrace. It contains 6 one-bedroom apartments, two on each floor. Each apartment has a terrace overlooking the sea, hallway, living room with kitchen and bathroom. Three apartments have a surface area of 46m2 and three apartments each have 43m2. The apartments are equipped with a kitchen and all kitchen appliances> cookware, fridge, sink, hanging and floor kitchen units. Bathrooms are equipped with shower, sink, washing machine Roof terrace is 93m2, Each apartment has one parking space.

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*** NEW, REDUCED PRICE: Price of the building has recently been reduced from €550,000 to €480,000. Don't miss this unique opportunity. This may be your best deal in the market.

Community Description

Dobra voda is a small coastal village, 10 km from Bar towards Ulcinj. Podgorica Airport is 54km away, Tivat Airport is 71km away. What makes this place extraordinary is the close proximity to the small clean sea beach, the quiet neighborhood, and the proximity to the regional road itself. Apartment on the seafront, 15m away from the sea surface, which gives the effect of an air spa. The seawater and climate are extremely clean. 700m away is a large city beach with all the urban tourist facilities Perfect location for rent. Nearby is a hotel that is very popular and always bookable during the season. Also, a new hotel was built in the immediate vicinity, which should start operating in 2020, which just shows that the building is in a great location, which can bring you a secure future income.

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For more information and to organise a viewing, visit the official listing

16 Nov 2019, 20:30 PM

November 19, 2019 - Continuing our look at the real estate opportunities in Montenegro, the latest Property of the Week from the RE/MAX catalogue takes us to Dobrota, Kotor.  

Imagine waking up each morning and taking a coffee on the terrace, overlooking a UNESCO World Heritage Site that is one of the most beautiful places in Europe. The Boka Bay area is not only an area of breathtaking natural beauty, but in the town of Kotor, one can enjoy one of the truly spectacular urban architectural treasures of the Mediterranean. 

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This makes Dobrota an extremely desirable location to own property, as both are within easy reach from there, and the views out to Boka Bay are divine. The latest mouthwatering piece of real estate temptation from the RE/MAX catalogue is a lovely 3-bedroom apartment in Dobrota, which is ready to walk into. And with some rather unusual interior decor. In the words of the official RE/MAX description below, after you have enjoyed this video tour:

Modern and fabulous 3 bedrooms apartment, fully furnished with panoramic sea views and balcony. In the apartment, you have one en-suite bathroom, one toilet / washing facilities, and one further bathroom. This apartment is located in Dobrota 5 minutes by car into Kotor Old Town and a short distance to the seafront. All the amenities, bars and restaurants are close by.
 
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This building has it all it’s gated with a swimming pool, excellent gym facilities, and a reception area. The apartment is on the second floor and easily accessible by lift. The apartment is sold as seen fully furnished with an excellent design by the lady owner who is an architect and has designed and furnished it herself. The quality of this apartment is second to none and what dreams are made of.
 
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Community Description

Dobrota is one of the places on the Montenegrin coast where it is still possible to see all the splendor of the former Boka and the noble Kotor, from the time when sailors sailed the world's seas, conveying the glory of these regions and bringing much wealth to the local naval houses. Dobrota is located in the immediate vicinity of the ancient Kotor with a view to Vrmac. A large number of churches today testify to the solid faith of the old Dobrich.
 
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The promenade in Dobrota runs several kilometers along the coast beside countless small stone pontoons and old palaces, unique and glossy like nowhere else. The seafront of Dobrota consists of old captain villas renovated as seaside cafes and small hotels. Dobrota is also a place with very good restaurants and small seaside cafes where you can truly enjoy the ambiance of the ancient Boka.
 
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Sales price 450,000 euro. For more information, photos and to book a viewing, visit the original RE/MAX listing
 
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16 Nov 2019, 20:07 PM

November 16, 2019 - Continuing our look at the real estate opportunities in Montenegro through the RE/MAX catalogue, a visit to a great new-build opportunity between Petrovac and Budva. 

Finding good quality building plots close to the sea in an excellent location is becoming harder in Montenegro, especially plots which have the project design already completed. An interesting option for anyone looking to build a couple of villas in a quiet location with great sea views in a very picturesque part of the coast - between Budva and Petrovac. In the words of the official RE/MAX real estate description:

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An opportunity not to be missed: Urbanised plot 1000 sqm on a terraced mountain slope with a finished project for the construction of 2 villas (250sqm and 230sqm). This thoughtful, architect-designed project offers a luxurious home in this amazing part of the world.

Key features:
 
- Breathtaking scenic views
- Quiet, secluded village between Budva and Petrovac
- 5-10min drive to many beaches on Budva Riviera
- 40min away from Tivat airport
- 1-hour drive to Podrgorica airport
- Very close to Sveti Stefan island and Reževići monastery
 
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Designed by award-winning London RIBA architects. The technical part of the project is prepared by Montenegrin architects and comply with all local requirements. Optimal design for stunning views, eco-friendliness, and 21st-century comforts.
 
Both villas have spacious living and dining areas, garages, self-cleaning eco-pools, and gardens.
 
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Each villa is spread over 3 floors and has 4 bedrooms, 4 bathrooms, living room, dining room, kitchen, utility room, outdoor dining area and panoramic views of the Adriatic sea.

Community Description

Budva
 
Eclectic is perhaps the best way to describe Budva, with an old town that backs up onto a superyacht marina on one side, vibrant beach and nightlife on the other.
 
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Settlements surrounding Budva like Sveti Stefan, Rezevici, Przno offer serene ambiance, quaint sunsets and scenic waterfronts with hidden waterfront restaurants, perfect places if you're looking to indulge in seafood, relax on the beach with a book, soak up the sun and take a dip in the water.
 
Budva is home to the famous hotels Aman and Splendid and the first luxury real estate project in Montenegro Dukley Gardens, all offering fine dining and sumptuous spa experiences.
 
If you are hunting quintessential night out experience, Budva is, again, the best possible choice. Top Hill Nightclub is consistently rated as one of the best clubs in the world, perched on the hill overlooking the bright lights of Budva, this town is brimming with life ranging from fun to outdoor adventure like the aqua parks for kids (and the kid inside).
 
Price for the plot and project is 330,000 euro. For more information, photos and to book a viewing, visit the original RE/MAX listing
14 Oct 2019, 10:14 AM

October 14, 2019 - Thinking of buying a property in Montenegro and wondering what the costs are?

So what are the costs of buying a property in Montenegro, in addition to that headline asking price? A question we put to local specialists, RE/MAX Montenegro.

We all know that when buying a property, apart from its price, we have to pay additional costs. Here we give you an overview of the related costs:

Notary fees*

Sales & Purchase agreement is drafted by the notary and the fees depend on the price of the property that’s being purchased:

  • for properties between €20.000 and €40.000, notary fees are €170 + VAT
  • for properties between €40.000 and €60.000 notary fees are €250 + VAT
  • for properties between €60.000 and €80.000 notary fees are €300 + VAT
  • for properties between €80.000 and €120.000 notary fees are €350 + VAT
  • for properties over €120.000, for every additional €15.000 the fee is increased by €10, but it must not reach the amount over €5000

*information on fees taken from the official web page of Notaries chamber

Notary fees are usually covered by the buyer, however, they can be split between the buyer and seller if they reach such an agreement. When signing the contract, the buyer should present a valid ID document (ID card or passport) and the seller should present the ownership document and a valid ID.

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Two-bedroom apartment in Bar - €68,000

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One-bedroom apartment in Kotor - €79,538

Administrative tax (registration for transfer of ownership) is €16 and is usually paid to the notary who will make the official payment and registration for you.

Property tax is 3% of the official value of the property which is determined by the official evaluator and it can sometimes be slightly different from the purchase price. If you’re buying the property from the investor, you don’t have to pay the property tax (but the investor has to be officially registered tax payer).

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One-bedroom apartment in Podgorica - €49,500 (exempt from property tax)

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Studio in Budva - €39,600 (exempt from property tax)

If you are financing your purchase through a housing loan, keep in mind that you will probably have to pay for the property insurance, in some cases a life insurance as well, bill of exchange (cca €2), access to the Credit registry of the Central Bank of Montenegro (€3-3.50). A detailed and precise overview of costs related to the housing loan will be provided by your bank. 

If you are transferring money from one bank to another when paying for the property keep in mind that you will have to cover the costs for the bank transaction.

When buying a property that needs renovation, a rough calculation of the renovation works is €150 - €300/m2.

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Studio in Tivat - €80,121 (exempt from property tax)

Detailed information on sale, purchase or rent of real estate is available with RE/MAX Montenegro agents who will help you throughout the entire sales and purchase process.

13 Oct 2019, 20:01 PM

October 13, 2019 - Continuing our look at the real estate opportunities in Montenegro through the RE/MAX catalogue, a trip to imperial Cetinje. 

While most people looking to buy in Montenegro naturally look first at the coast, there is much more to the country than its 275 kilometres of coastline. Heading inland can offer a better quality of life with less crowds while still in close striking distance of the sea. As such, more buyers are now also considering inland purchases, and there are certainly some great destinations and properties to buy in places such as the former imperial capital of Montenegro, Cetinje, the subject of this week's RE/MAX property of the week, as introduced by the official listing description:

This lovely villa is set on approximately 168 sqm, in this perfect location enjoying magnificent views and total privacy and tranquility in the core of the downtown of Cetinje.

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Entrance through a gated driveway which can take up to 4 cars, the villa is surrounded by lovely mature gardens, outside dining and barbecue area.

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Accommodation comprises of an entrance hall leading to a large and bright living room. From there you access the spacious dining room with large windows overlooking the park and a fully equipped designer kitchen, bathroom and bedroom. On the first floor one finds another 3 double bedrooms and main bathroom.

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Using only the best material and highest quality as well as the highest quality wood and parquet flooring. Further complimenting this amazing villa, on basement level one finds a large fully equipped garage with the laundry room. The property is being sold completely furnished and equipped and ready to move in to.

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Community description:

Cetinje is a small town with rich history and tradition. It is also well known as one of most popular tourist destination in Montenegro and a town where is settled the University of Arts. Cetinje is situated in ideal location on 672 altitude, half an hour drive from the Adriatic sea and high mountains of Lovcen.

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In the last couple of years Cetinje has become a very popular as a summer residence for people from surrounding cities, because of its pleasant climate during the hot summer season. Buying this apartment is considered as good rental investment, because of high demand from tourist and student population.

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For more photos, information and to book a viewing, visit the original RE/MAX listing.

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18 Sep 2019, 09:21 AM

September 18, 2019 - A rare chance to buy first row to the sea close to Budva in the latest RE/MAX Property of the Week. 

They say that the three most important things in real estate are location, location, location. 

There is perhaps a twist on that maxim when it comes to the Adriatic coast - first row to the sea, first row to the sea, first row to the sea. 

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In addition to having the security of knowing that nobody is going to interrupt that perfect view, nothing quite beats the mesmerising connection you can get with just you and the sea. 

And the good news is that there are some new (and increasingly rare) opportunities to get your own slice of first-row real estate heaven in our latest Property of the Week from the RE/MAX catalogue;

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For sale two bedroom apartment of 88 m2 in Rafailovici, on the first line to the sea. Rafailovici is a little charming place, located on the beautiful Becici beach, from Budva less than 10 minutes drive. The building is currently under construction, and the completion of works is in May 2020. In addition to the exclusive location, this complex will feature an unusual design as well as modern facilities, which future owners of apartments can enjoy, such as pools, panoramic elevators, reception, video surveillance, etc. This is an opportunity for all hedonists who want to enjoy the peace of a small place on the coast with a perfect sea view.

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Sales price - 340,000 euro. For more information, and to book a viewing, visit the original RE/MAX listing.  

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15 Sep 2019, 16:30 PM

September 15, 2019 - Continuing our look at the real estate opportunities in Montenegro in association with RE/MAX, a trip to Tivat for the latest Property of the Week. 

The real estate fortunes of Tivat have been transformed more than anywhere else in Montenegro over the last 15 years since the arrival of Porto Montenegro. Once a small sleepy town, the 500 million euro investment of Porto Montenegro has not only put Tivat on the luxury tourism map, but the trickle-down effect on real estate in the surrounding area has been significant, and today Tivat is one of the most sought-after places to own property in Montenegro.  

And where better than Bjelila, just outside Tivat, from where this week's Property of the Week focuses a 3-bedroomed villa with pool and sea view. Its 212m2 of property on a 503m2 plot is priced at 450,000 euro and is presented by RE/MAX as follows:

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It's not difficult to fall in love with this imposing villa perched on a slight slope that commands the views across lush Mediterranean greenery to the sea and mountains!

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 The architectural style of this “belle” is a clue that behind the seductive Mediterranean and modern exteriors lies the house with an equally cozy but also state-of-the-art interior. 

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Inviting interior reflects comfortable living at the coast, while the soft, light beige and blue color palette meet the airy, bright spaces, large glass surfaces, as well as natural design elements such as wood and stone.

 

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It seems that in this villa timeless coastal charm marries the modern look with youthful edge. This makes this property an ideal home for everyone: families, couples and individuals!

 

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Features:

- Internal area 190 m2

- Terraces 12 m2

- External area: 44 m2

- Plot size: 503 m2

- Living room

- Sitting room

- Open plan (kitchen, living room, dining room)

- Laundry

- Storage

- 2 Hallways

- Office (Study)

- 3 bathrooms(3showers)

- 4 toilettes

- 3 balconies

- Terrace

- 4 AC-s

- Garden

- Backyard

- Fridge and freezer

- Washing facilities

- Fire alarm 

- Barbecue area / outdoor cooking

- Private environment

For more information, photos and to book a viewing, visit the original RE/MAX listing. 

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01 Sep 2019, 16:03 PM

September 1, 2019 - A trip to Dobrota near Kotor for this week's RE/MAX Property of the Week in Montenegro. 

One of the concerns about owning a holiday home is that there is usually nobody local to look after it unless special arrangements are made. The advantages of owning property in a gated community include peace of mind, both in terms of security and property maintenance. And should the property come in an idyllic location by UNESCO World Heritage Site Boka Bay and a short drive from the magical old town of Kotor, then peace of mind is just one of the attractions of this week's RE/MAX Property of the Week, a 43 m2 one-bedroom apartment in a gated community with swimming pool, with sales price of 119,000 euro. 

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In the words of the official RE/MAX property description:

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One-bedroom apartment, fully furnished with a swimming pool, located on the ground floor. This is a gated development, very nicely kept all round and constantly maintained. The swimming pool is also regularly serviced and is shared between all the residents in the building. Location is excellent, it’s very close to Forza Mare and within close proximity of local beaches, restaurants and Kotor Old Town is only 5 minutes away by car. Excellent Investment.

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Community Description 

Dobrota is one of the places on the Montenegrin coast where it is still possible to see all the splendor of the former Boka and the noble Kotor, from the time when sailors sailed the world's seas, conveying the glory of these regions and bringing much wealth to the local naval houses.

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Dobrota is located in the immediate vicinity of the ancient Kotor with a view to Vrmac. A large number of churches today testify to the solid faith of the old Dobrich. The promenade in Dobrota runs several kilometers along the coast beside countless small stone pontoons and old palaces, unique and glossy like nowhere else.

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The seafront of Dobrota consists of old captain villas renovated as seaside cafes and small hotels. Dobrota is also a place with very good restaurants and small seaside cafes where you can truly enjoy the ambiance of the ancient Boka.

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For more photos, information and to book a viewing, check out the original RE/MAX listing. 

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12 Aug 2019, 19:44 PM

August 12, 2019 - A journey to the edge of the Adriatic for this week's RE/MAX property of the week in Herceg Novi.

People may talk about nature and the incredible view, but at the end of the day, nothing quite beats having that view AND being close to the sea. There is something about those relaxing waves that no other location can match. 

And if your property happens to be located in a well-equipped modern building in a desirable location, then so much the better. 

If the lessons of Porto Montenegro and Tivat are anything to go by, real estate in Herceg Novi is set for an upward spiral once the Portonovi factor sets in. 

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And this week's RE/MAX Property of the Week on fashionable promenade Pet Danica is better located than most, and just 30 steps to the sea. 

According to the official RE/MAX listing:

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LUX apartment of 78 sqm for sale in an exclusive location, located in Herceg Novi on the promenade Pet Danica, only thirty steps to the sea. This two-bedroom apartment is situated on the second floor of luxurious building.

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A wonderful spacious ambience, a view of the sea shore, which in this part is a blend of open sea with a bokokotorska bay as well as buildings located in these incredibly beautiful areas provide you with an ideal place to stay. 

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Excellent architectural combination of comfort, useful and beautiful, as well as the complete furnishing of the apartment to the smallest details of high quality will provide you with quality time with family and friends. 

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Two bedrooms, bathroom, hallway, living room with dining area and kitchen and terrace make the composition of this apartment. By purchasing this apartment, the price includes a garage place, which belongs to the apartment and located in the basement of the building.

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Not only the immediate vicinity of the sea, but also of the city center, as well as the Old Town of Herceg Novi, shops and restaurants make this apartment represents an excellent rental investment.

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This apartment could be an excellent investment because this location is in high demand for long term rentals and monthly rent goes from 600 - 1,000 EUR for similar properties.

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For more information on price, more photos and to book a viewing, visit the original RE/MAX listing.  

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31 Jul 2019, 12:48 PM

July 31, 2019 - Continuing our look at the real estate possibilities in Montenegro, through the RE/MAX catalogue, a visit to Donja Lastva by Tivat.

Tivat has undergone tremendous change in the last 15 years since the arrival of the Porto Montenegro project. And now with Lustica Bay also under construction close by, it is becoming one of the most fashionable places to be on the coast. It is lively all year, and it is not uncommon to find residents of Dubrovnik coming for the weekend in the winter months as there is more life. 

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This week's RE/MAX Property of the Week comes from Donja Lastva, which lies between Tivat centre and the ferry, a nice spot. With a very nice view from this spacious 308m2 house on a 376m2 plot. As RE/MAX explains:

The house has three entrances. The main one is from the parking space, the second is up to the stairs, and the third is from the terrace.

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For sale is a very beautiful family house in Donja Lastva, with special comfort and style. There is a pleasant combination of colors, a spacious terrace covered with flowers, and a breathtaking view of the sea. When you need not just a house by the sea, but something special, this house is just what you need. It will surely find a response in your hearts.

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On the 1st floor, we come from the entrance hall to the living room with a fireplace, here we have a kitchen room, a sauna for 6 people, a spacious bathroom with a jacuzzi and a shower. At the same level, there is a laundry room with a window, a storeroom-workshop, and a guest toilet.

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We go the stairs and get to the 1st floor, on the right is a dressing room, on the left is the exit to the spacious hall, which is divided into the living room, and the dining area with modern kitchen (Bosch appliances, furniture is custom-made). Comfortable sofas in the living room, armchairs, a large plasma TV, a white piano - everything has to have pleasant evenings in this house.

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From the living room, we get to a huge summer terrace, immersed in flowers. There are many cozy places where you can retire for a cup of coffee, there is a large dining area with a pergola for all families and guests, a barbecue made to order, a fountain with a mini pool surrounded by flowers. You truly feel in paradise, because the terrace offers stunning views of the sea, the Bay of Tivat, Porto Montenegro and the green mountains. On the terrace, at the edge of the site, there is an unfinished pool, but all the materials for it are available.

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In front of the house, there is no possibility to build something so that you can close the view. This is one of the main advantages of this property.

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From the living room up to the stairs, we get to the 2nd floor. But the house also has a third entrance - from the side of the gate. We enter the entrance hall, here is the guest toilet and access to the living room. We climb the stairs and get to the 2nd floor, here around the hall there are 4 bedrooms and 2 spacious bathrooms. Two large bedrooms and a guest bedroom - all overlooking the sea, as well as a nursery with a window on the green wall.

Air conditioners are installed in each room. Internet, satellite TV. Everywhere warm floors.Water. House owners buy 35-40 m2 of water - this is enough for the spring and summer period. At other times of the year, rainwater is used, water filters are installed.

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For electricity, in the winter they pay a maximum of 400 euros per month (if you include all heating devices), but on average - 200 euros. On the 2nd floor, there is a wood-burning stove that warms the house perfectly. It is also possible to install a fireplace in the living room (optional).

Every year, a house tax of about 1,300 euros.

Price: 799,000 euros

For more information, photos and to book a viewing, check out the original RE/MAX listing

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