Luxury apartment prices in Montenegro on the rise

Luxury apartment prices in Montenegro on the rise

Published at: 2019-08-28 10:06 | Author: CIJ Serbia
Apartment and villa prices in some of Montenegro’s most luxurious tourist resorts, including Porto Montenegro, Lustica Bay and Portonovi, range from several hundred thousand euros up to €15m, according to the companies that manage these resorts. “We are satisfied with the season so far when it comes to selling real estate, and practice shows that many owners decide to buy an apartment after staying in our nautical resort and marina for a while,” Adriatic Marinas said in a statement. Studio apartments range from €269,625 to €283,625, one-bedroom apartments range from €281,625 to €611,225, while a three-bedroom apartment costs more than €1m, according to the company. Most buyers come from Ukraine, Russia, the UK, Turkey, Germany, Poland and the United Arab Emirates. Prices in Porto Montenegro are 20 percent higher than they were in 2014.
Lustica Development, meanwhile, reports that “about 90 percent of the apartments in our newly built Marina Resort have been sold. Flats are currently available in this part of Lustica Bay at a cost of €336,000, which is the lowest price for a one-bedroom apartment.”

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