July 18, 2019 - Continuing our look at the mouthwatering real estate on offer in Montenegro through the RE/MAX collection, this week a visit to Petrovac.
Authentic Montenegrin stone charm with a modern twist - it is proving to be a winning combination for many villas at the luxury end of the real estate market in Montenegro.
The latest RE/MAX Property of the Week comes from the charming village of Reževici near Petrovac, and is introduced by RE/MAX as follows:
Beautiful splendid villa with an authentic Mediterranean style, combined with a modern interior, located in the totally peaceful and adorable small Montenegrin village Reževici, with a magnificent panoramic sea views.
300 sqm of this charming villa offers a spacious living area with 4 bedrooms, living room, kitchen with a dining room, 4 bathrooms, 3 balconies, a garden, swimming pool and a garage. It is equipped with video surveillance, alarm, solar heating system. Perfect for living with a a huge rental potential! The price will be a surprise. If you like it, come and get it… To find out more, contact RE/MAX via the official listing.
July 7, 2019 - Continuing our look at the real estate opportunities via the RE/MAX catalogue, an affordable one-bedroom apartment just 5 minutes from Kotor Old Town.
It is one of the most enchanting places in Europe - Kotor Bay, a UNESCO World Heritage Site which epitomises the Montenegrin Tourist Board's slogan, Wild Beauty.
Apart from the stunning fjord, the main attraction is the gorgeous old town of Kotor, home to centuries of history, culture and tradition, with its improbable walls snaking up the mountainside.
Imagine owning a property with a view of the spectacular bay and within 5 minutes of the old town at an affordable price.
Welcome to the latest RE/MAX property of the week, yours for just 119,000 euro. From the official property description:
Fabulous one bedroom fully furnished apartment built to a very high standard and ready for immediate occupancy. The apartment has secure underground parking with a supermarket below and a petrol station close. Kotor Old Town is within 5 minutes walking distance.
The village of Skaljari is right next to the Old Town of Kotor. Skaljari covers the slope between Vrmac and Mount Lovcen. It's one of the Boka Bay settlements which has preserved the best the local Bokelian dialect.
Price for this 50m2 apartment - 119,000 euro.
For more information, photos and to book a viewing, check out the original listing.
June 23, 2019 - Continuing our look at the real estate options in Montenegro through the RE/MAX catalogue, the latest Property of the Week comes from idyllic Lustica Bay.
It is one of the most beautiful parts of the Adriatic coast, and the subject of the largest ever investment in Montenegro, as the Lustica Bay project development looks to redefine luxury tourism in the region. More than a billion euro in investment on 7 million square metres will eventually offer 7 luxury hotels, 2 marinas, an entire village of 2,500 people with accompanying facilities, and a signature 18-hole Gary Player golf course.
The first phase, including marina and the luxury hotel The Chedi is already open for business. Having been fortunate enough to stay there a couple of times, I can confirm it is one of the most peaceful and relaxing spots on the Adriatic for a holiday home. The facilities of both the The Chedi and the marina promenade offer a variety of shopping and dining experiences, and the essentially car-free neighbourhood only adds to the charm.
Property ownership on Lustica Bay is a very international affair, with sales at the Centrale village attracting buyers of over 30 countries. The biggest number of buyers came from the Germanic countries of Germany, Austria and Switzerland, followed by the Middle East, while a quarter of all 2018 sales came from more local sources - Serbia and Montenegro.
This week's property comes very close to the water and is described by RE/MAX as follows:
This spacious one bedroom apartment is located on the second (and last) floor of one of the first buildings within the biggest investment project in the country. It has an open-plan kitchen, dining and living room and a bedroom with its own bathroom and walk-in closet. The living room has access to a small terrace and to a large terrace which is shared with another apartment next to this one (these are the only two apartments on this floor). The property is being sold furnished and fully equipped.
Price on application for this 88m2 apartment. For more photos, info, floor plans and to book a viewing, visit the official RE/MAX listing.
June 11, 2019 - Continuing our look at the real estate opportunities in Montenegro through the mouthwatering RE/MAX portfolio, this week we visit a delightful new villa near Tivat.
It is not hard to fall in love with Montenegro, or to move there and fall in love with the wonderful lifestyle here. It always helps, of course, if you have the perfect place to live.
Well, now is your chance! Another gorgeous offering from the RE/MAX real estate catalogue and our latest property of the week in Donja Lastva, close to Tivat.
In the words of the RE/MAX brochure:
You will love this house. If you want to find the perfect home for family and life in Montenegro, then consider that you have already found it.
The house was built in 2015 according to the Mediterranean design project. Its total area is 182 m2, the total area of land around the house is 334 m2. Sold with furniture. Just a few minutes by car - and you are in the center of Tivat.
The house has 3 floors and two entrances. Near the upper main entrance is your parking for three cars. On the upper floor, there are two bedrooms with a large bathroom and a terrace with a stunning view of the Tivat Bay, Tivat, and Porto Montenegro.
We descend to the 2nd level along a beautiful graceful staircase; here we find the dressing room and the master bedroom, the bathroom and the study. The terrace at this level allows you to place a fireplace. Then we go down to the first level with you, where you will be met by a spacious living room with a fireplace and a wine closet, a dining room and a large bright modern kitchen with windows.
From this floor, we go to the terrace with a swimming pool. You will be amazed at the love with which the owners look after the flowering garden, the abundance of green creates a special comfort to this house. You will also enjoy a large barbecue area with a real oven. Living here, you will feel "Dolce Vita".
Here everything disposes to a happy life on the seashore.
For more photos, information, and to book a view, check out the original RE/MAX listing.
June 11, 2019 - A brief overview of the 2019 property market in Montenegro from local market specialists, RE/MAX.
Interest in Montenegro is intensifying, and so too are sales in its booming property market. Where 15 years ago the coast was the only place which interested foreigner buyers, these days the capital Podgorica is also attracting plenty of buyers, and more investors are taking a look at northern Montenegro with an eye to the future.
So what are the current prices, and which are the areas to watch out for? An overview of the current market from local property market specialists, RE/MAX.
The price per square metre in Podgorica varies considerably depending on the location. Demand is highest in the area Preko Morače and the prices there range between €1.000 and €1.150 per m2 in the older buildings, while prices in new buildings range between €1.250 and €2.000 per m2. However, prices in the new buildings are lower in the other parts of the city (€1.000 – €1.200 Ljubović, Pobrežje, Stari Aerodrom; €1.400 Morača river towards Vezirov most) with one-bedroom and small two-bedroom apartments being highest in demand.
One bedroom apartment, Tolosi, €49.000
Studio, City kvart, €57.000
The coastal market, however, remains the most dynamic property region, and Budva and Tivat are the most in-demand locations. Prices there range from €1,500 to €4,000 per m2. Properties within large residential projects can be bought at prices between €3,000 and €8,000 per sqm. In addition, such projects usually provide full property management services which make these properties an excellent investment. Prices in Bar vary from €1,300 to €1,800 and the situation is similar in Herceg Novi. On the other hand, the price per m2 in northern Montenegro range from between €500 and €700.
Two bedroom apartment, Kotor, €160.000
One bedroom apartment, Tivat, €139.000
The longterm rental market in also very busy in Montenegro. Monthly rents in Podgorica vary from €300 to €650 for one and two-bedroom apartments and from €800 to €1,300 for three-bedroom apartments in Preko Morače and City kvart areas. On the other hand, monthly rents in other parts of the city are significantly lower – €200 to €550. Similar properties on the coast can be rented at somewhat higher prices: studios and one-bedroom apartments range from €350 to €600, while monthly rent for two and three bedroom apartments range from €800 to €1.500. To rent a property in the north of the country is the cheapest option – from €100 to €500 per month.
Studio, Podgorica, €220
One bedroom apartment, Budva, €400
To learn more about the real estate market and catch the latest deals, visit the RE/MAX Montenegro website.
May 9, 2019 - Continuing our look at the real estate options in Montenegro through the RE/MAX catalogue, this week another stunning villa overlooking the Adriatic south of Budva.
The villages on the road from Budva to Bar offers some of Montenegro's best views, as well as a quieter pace of life than other parts of the coast. This makes for a perfect combination for those looking for a property with views and a little peace and quiet.
The village of Rezevici lies just south of the iconic Sveti Stefan, a few kilometres from Budva. In the words of the official RE/MAX listing:
Set in the peaceful village of Rezevici, this property enables you to soak up the perfect brew of Mediterranean architecture, wild nature and sunny seascape. Walking distance to the sea shore and Budva-Bar main road makes this property a rare gem in Montenegro.
This three-storey stone villa is definitely built to impress. The first floor compises 3 light and airy bedrooms, simply yet elegantly furnished, extended into the pristine bathrooms with ultra-modern fittings.
Top quality marble floors run the length of the spacious open plan lounge/kitchen and living area. Crisp white walls come to life, offset by deluxe handpicked furnishings, modern art and a top-of-the-range kitchen. With sea views peeping in at every window surely the only thing to do is throw open the terrace doors and welcome them in.
Outside areas are no less striking, both in size and splendour. Beautifully fitted pool sheltered by stone walls enables complete privacy. When the sun goes down, soft patio lighting draws guests outside to relish the evening’s sea breezes, starlit sky and twinkling village lights beyond over a chilled aperitif.
A sheltered outdoor barbecue area offers a delightful spot to linger over evening meals, or you may prefer to head inside to the spacious open plan lounge/dining room.
Treat yourself with endless summer sunsets from one of your terraces as you sip away on your favourite wine.
Asking price - 1,500,000 euro. For more information, pictures and to book a viewing, visit the official RE/MAX site.
April 29, 2019 - Continuing our look at the real estate options in Montenegro through the mouthwatering RE/MAX catalogue, this week a luxury villa in the historic and gorgeous Bay of Kotor.
Looking for a slice of Adriatic paradise? How about a luxury villa in a UNESCO World Heritage Site famed for its natural beauty in a country whose arresting nature is best summed up by its official tourism slogan, Wild Beauty.
A slice of paradise set near a beautiful, historic village, just 3km from one of the architectural treasures of the region, the old town of Kotor.
Meet this week's Property of the Week from the RE/MAX catalogue, loctate in Prcanj, near Kotor, and introduced as follows by RE/MAX:
Completely new, modern villa is set on approximately 1625 sqm in the marvelous village of Prčanj.
The plot and the house offer a stunning view of Boka Bay and mountains. The property is located just 100m far from the sea. The boundaries of the area are the retaining walls of stone terraces, built more than 500 years ago. The property comprises of 2 houses (135 sqm and 137 sqm + 100 sqm terrace), with two separate entrances and is completely autonomous from each other. This beautiful villa can easily become home for two families.
The property in total has 6 bedrooms, 4 bathrooms, 2 living room with fireplace, 2 kitchens, 2 dining rooms, 2 guest toilets, 2 laundry rooms, 2 wardrobes, 2 technical rooms. The ground floor of the entire villa has a 100 sqm terrace. Villa is surrounded by the green surface and it is equipped with a safety system with infrared cameras. The entrance is through a remote gated driveway which can take several cars. The villa is being sold completely finished and ready to move in to.
For more information, photos, price and to book a viewing, visit the original RE/MAX listing.
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.