Montenegro's Most Popular Places for Buying Property

06.03.2024

Montenegro, with its stunning Adriatic coastline, rugged mountains, and charming medieval villages, is fast becoming a sought-after destination for property buyers from around the globe. This Balkan gem offers a variety of locales, each with its unique charm and appeal. Here’s a look at some of the most popular areas in Montenegro for buying property:

1. Budva
Characteristics: Budva is often referred to as the "Montenegrin Miami" because of its vibrant nightlife, beautiful beaches, and bustling summer atmosphere. It's a hub for tourism with a beautifully preserved medieval old town.
Property Market: Dominated by luxury apartments, villas, and high-end resorts, Budva is ideal for investors looking for rental income as well as individuals seeking a lively beachfront lifestyle.

2. Kotor
Characteristics: A UNESCO World Heritage site, Kotor is famed for its stunning fjord-like bay, historic architecture, and labyrinthine old town filled with narrow streets and ancient churches. It attracts those who appreciate history and natural beauty.
Property Market: Offers a mix of traditional stone houses and new developments, appealing to those looking for character properties or modern homes with scenic views.

3. Tivat and the Bay of Kotor
Characteristics: Tivat, home to the luxury marina Porto Montenegro, offers a blend of modern living and nautical lifestyle. The Bay of Kotor area is known for its breathtaking scenery and tranquil waters.
Property Market: Features upscale apartments and villas, especially around Porto Montenegro, catering to affluent buyers and yacht owners. The surrounding areas offer more affordable options with access to the same stunning environment.

4. Herceg Novi
Characteristics: Known for its lush greenery, floral gardens, and promenades, Herceg Novi sits at the entrance of the Bay of Kotor. It has a more laid-back vibe compared to Budva and offers a mix of cultural and outdoor activities.
Property Market: The real estate here includes a range of options from waterfront homes to traditional stone villas, suitable for those looking for a peaceful setting close to nature.

5. Bar
Characteristics: Bar is a coastal town with a large port, known for its mix of modern and old, including the ancient city of Stari Bar located inland. It's less touristy, offering a more authentic Montenegrin lifestyle.
Property Market: Provides a variety of affordable property options, from apartments to houses, appealing to buyers seeking value for money and a blend of beach and urban life.

6. Ulcinj
Characteristics: Near the border with Albania, Ulcinj is famous for its long sandy beaches, the most famous being Velika Plaža. It has a rich history and a unique blend of cultures.
Property Market: Offers great value with potential for growth. It's ideal for those interested in beachfront properties and land investments, especially with the development of tourism in the area.

7. The Montenegrin Mountains
Characteristics: For those looking away from the coast, Montenegro’s northern region offers breathtaking mountain landscapes, national parks, and outdoor activities like skiing and hiking.
Property Market: Includes traditional homes and new developments in mountain resorts, suitable for those seeking a retreat in nature or looking to invest in emerging tourist destinations.

Each of these areas offers distinct advantages, depending on what you’re looking for in a property. Whether it's the bustling seaside towns, tranquil bays, or serene mountain landscapes, Montenegro provides a diverse range of options that cater to different tastes and investment strategies. The country's growing popularity as a tourist destination, coupled with its natural beauty and relatively affordable property market, makes it an attractive choice for buyers and investors alike.

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Reviews

• 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 09:20:09

• 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 10:32:19

• 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 02:18:13

• 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 08:56:22

• 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 06:17:27

• 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 11:06:21