UK Tourists Set to Spend the Most of Any Nationality in Montenegro This Summer
16.08.2022Montenegro, a country which relies heavily on Tourism (around 25% of it’s total GDP is attributed directly to Tourism and Tourism based activity) received a boost this week, as it was confirmed that not only are tourist numbers back to pre-pandemic levels, but also that UK tourists are set to spend the most out of any Nationality as they look for more luxurious alternatives, without the long-haul flights and the high price tags.
The Government of Montenegro and the Official Tourist Board of Montenegro have invested heavily in promoting all aspects of this beautiful country including its hidden gems and historical sites such as in Kotor… the idyllic coastal town which not only dates back to Medieval times, but is also a listed UNESCO World Heritage site.
One of Montenegro’s top 5* hotels (The Chedi Lustica Bay) found that in the first quarter of this year UK tourists spent the most on direct bookings to the hotel, and Orascom Hotels Management (who play an active role in the operations of the Hotel) were keen to mention that ‘Given its unique position close to most of the attractions, and the charming fishing villages there’s always something for everyone here in Lustica Bay’. Lustica Bay itself is a new & emerging coastal town with 1500 waterfront homes, seven hotels, two Marina’s and the country’s first International Golf Course.
Visitor numbers have been increasing steadily to Montenegro year on year due to gains in dynamic economic growth, improved air availability and airport amenities with passenger friendly services, so much so in fact that in 2010 there were just over 1m arrivals through Podgorica & Tivat airports, with that figure reaching over 2.6m in 2019. Though there was a huge drop in 2020, it increased again in 2021, and predictions suggest that this year could be the best yet. Even then, it’s set to continue over the next few years with further improvements at both the airports and more slots for both budget and charter airlines. An increase in the Cruise Market (most of which stop at Kotor) will also ensure that visitor numbers continue on the upwards trajectory.
So, what does all this mean from a Property Perspective? Well, there’s already talk of price rises within the Real Estate Industry and this is because of growing demand not just from those looking to buy property in Montenegro, but also those are looking to rent during the busy summer season. Therefore, if you want to take advantage of lower prices now & good rental yields, it’s a great time to start your investment journey. Whether it’s for a Holiday Home or to move here permanently there’s also a number of Expat communities already established here, so you’ll have no problem finding a place to fit in. If you do want more information on Buying a property here in Montenegro, you can visit our FAQ page for further info: https://cmm-montenegro.com/faq/
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