Report on the prices of the apartments on the coast of Montenegro – Q3 2019
The methodology we used is normal distribution of the 70% statistically relevant properties that are for sale in our data base. Pdf version available here:
The methodology we used is normal distribution of the 70% statistically relevant properties that are for sale in our data base. Pdf version available here:
Montenegro is slowly becoming a very desirable destination for high end buyers. It has been repeatedly dubbed as the new Monte Carlo, considered to be the new hot spot for deep pockets, and a new playground for the rich and, according to Forbes magazine, it is one of the top three destinations to travel to in 2015. All major investment…
The Montenegrin coastline is not long, only approximately 300 km from one border to another. Yet when you drive along the coast it feels as if you have traveled from Venice to Turkey in just a few hours. Kotor old town and Perast have a distinctly Venetian feel and architecture, Budva is truly Mediterranean and when you reach Ulcinj you…
The property market on the Montenegro coast is largely dependent on foreign buyers, who are buying holiday home, which they may choose to also rent out on holiday lets. Newly built properties are more popular than traditional stone ones, but buyers are increasingly looking for high quality construction. The Budva Riviera and Kotor Bay are the most popular areas, with…
Kotor is a beautiful town with distinctly Mediterranean architecture, charming squares and history around every corner. It’s no wonder it was so popular with English and Irish buyers in 2005 to 2007. During this period prices doubled then tripled reaching 3.000 to 4.000 EUR/m2. However, the credit crunch changed the situation significantly. Along the coast, house prices have decreased by…
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