Key aspects to consider when investing in real estate in Montenegro
15.05.2023.
When considering purchasing real estate in Montenegro, it's important to take into account several factors that can affect both the price and the quality of your future life:
Distance from the sea: Properties in coastal tourist towns close to airports typically have higher prices compared to other towns. For example, Budva, Tivat, Pržno, and Sveti Stefan are known for their high property prices. Conversely, in northern Montenegro, in towns like Cetinje, Podgorica, Nikšić, and Žabljak, property prices are generally about 40% lower.
Tourist popularity: If a town is popular among tourists, you have the option to purchase a property and rent it out during the summer months, as demand will be high during the tourist season.
Primary and secondary property: Properties sold directly by construction companies are usually modern, with good interior design, plumbing, air conditioning, and thermal insulation. These are typically features not found in properties sold as secondary real estate. The presence of these characteristics can be significant during the colder autumn and winter months.
Infrastructure: It's important to pay attention to the availability of kindergartens, schools, shops, beauty salons, pharmacies, and clinics near your property. In Montenegro, there is no public city transportation, and parking spaces are often limited in urban areas. Therefore, consider the need for a garage or parking space.
Renting for temporary stays: If you plan to rent out the property for temporary stays in Montenegro, consider the seasonal differences in rental prices. In the summer, rental prices are usually higher compared to the autumn, winter, and spring periods.