Is buying apartment in Montenegro a good investment?
A turquoise water of the Adriatic sea attracts numerous tourists throughout the year, but you could enjoy it whole year around once you buy your desired property here in Montenegro. If you are among the many who likes to wake up by the sea, CMM Group is the right place to be since we have so many options for buying apartment in the Montenegrin coast. Real estate market in is constantly growing since the Montenegro is the young but successfully developing country. Montenegro offers not only excellent properties for sale and lucrative investment opportunities but also captivating scenery and an engaging lifestyle of tranquility. Buying flat in this Balkan country could also be a good investment since the taxes are very low and opportunity of renting the property could give you an extra income through the year.
How to choose the best apartment to buy?
Choosing the best apartment to buy in Montenegro requires careful consideration of several factors to ensure that it meets your needs, preferences, and investment goals. Following our short guide will help you to make informed decision:
- Choose the location that best suits your lifestyle and preferences. Consider factors such as proximity to the sea, amenities, accessibility to transportation, views, and potential for rental income if you're considering it as an investment. If you are not sure which location is the best, we are here to help you.
- Set a clear budget before you start your search. Take into account not only the purchase price but also any additional costs such as taxes, maintenance fees, and potential renovations.
- Decide on the type of property that suits your needs, whether it's a beachfront apartment, a luxury penthouse, a cozy studio, or a larger family-sized unit with the sea view. Consider factors such as size, layout, and features like balconies, gardens, or parking spaces.
- Consider the amenities and facilities offered within the apartment complex or building, such as swimming pools, gyms, security, concierge services, and communal areas. These can enhance your living experience and increase the property's value in case you want to re-sell it or rent it. CMM Investment Consulting Group’s sales expert will also help you to evaluate the resale potential of the apartment by considering factors such as market trends, demand in the area, and the property's unique selling points.
- Ensure that the property has clear legal title and all necessary permits and approvals. Our legal department can give you all legal advice if needed to understand all terms and conditions.
By carefully considering these factors and conducting thorough research, you can choose the best apartment to buy in Montenegro that aligns with your preferences, lifestyle, and investment objectives. Since this research can be a little bit complex, we advise you to book appointment online or in person with CMM Group’s real estate agents and they will arrange everything for you.
How much cost to buy an apartment in Montenegro?
The price of apartments in Montenegro varies depending on factors such as location, size, and amenities. In popular coastal cities like Budva, Tivat or Kotor, prices tend to be higher compared to inland areas such in for example in Nikšić, Kolašin or on mountains. As of recent data, which may vary, apartments can range from around €1,500 to €4,000 per square meter, with luxury properties commanding even higher prices. To get the most accurate and up-to-date information on property prices in Montenegro, we advise you to contact us for consultation to get the best value for your money.