Kotor, Montenegro Confirmed As the 3rd Best Destination to Travel to In Summer 2022
17.06.2022Live & Invest Overseas is the leading resource for those who wish to live, retire and invest overseas, and they’ve just released their seven best International Destinations for the Summer of 2022, which ranks Kotor, Montenegro in third place.
Beaten only by the Turks & Caicos Islands & Madeira, Portugal which finished in first and second place respectively, Montenegro itself has quickly become a destination of choice for Investors and Expats considering the luxury lifestyle, great choice of property for sale, and highly favourable tax rates.
Having dropped all Covid related restrictions, Montenegro is ‘back in business and tourists have already started arriving on it’s shores. Set to continue throughout the upcoming months, it’s a much needed economic boost for a country which relies heavily on this sector, with tourism directly responsible for around 22% of its entire GDP.
Kotor is world renowned historical town and it’s Medieval centre is on the UNESCO World Heritage list, famous for its centuries old fortifications, city walls, Castle and Churches. It’s a hive of activity in the Summer, visited by plenty of tourists from all over the world, including a number of Cruise ships which dock in the harbour. Not only is it worth visiting for the history, but the views are simply outstanding, especially from the top of the Castle, and there are plenty of other activities on offer too including mountain biking, white water rafting, hiking, climbing, paragliding and water-sports. It’s also only a short drive to other gorgeous towns & beaches such as Budva.
If you are looking to Buy your dream home in Montenegro there are no restrictions on foreigners, and the process is relatively straight forward much like other European countries, the purchase tax for re-sales is only 3% & 0% for new builds, corporate and personal tax rates are both 9%, capital gains tax is 9% and most importantly inheritance & pension tax rates are 0%.
Property prices range from bargain apartments at €50,000 to luxury villas of over €1m. The average holiday home will range from €80,000 to €200,000. Speak to CMM Group for further information.
If you’d like to read the full article – you can do so here:
In period May-August 2022 we sold our flats in St-Petersburg Russia and have bought two ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.
Liudmila Nosova St-Petersburg Russia , 13.09.2022 11:20:09
At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
With gratitude on behalf of our family.
A.V. Ter-Gazaryan, 12.07.2022 12:32:19
Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
I would strongly recommend this company to anyone who is looking for a property in Montenegro.
Val , 13.05.2022 04:18:13
We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.
Mandy and Antoine, 06.10.2021 10:56:22
Biz Montenegroda CMM komandayla tanish olmushug. Snejana ve Milan bize cox yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!
Dilara, 01.10.2019 08:17:27
Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!
Kate, 22.03.2019 13:06:21