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.”

Similar Stories:

De Silva Residences invests €50m into Mamaia 1,000 apartments
Real estate developer De Silva Residences has invested about €50m in the development of  »
Trio Harrachov Mountain Apartments: Second Phase Sale Launched
The Svoboda & Williams real estate agency has been exclusively instructed to mediate t  »
Gran Via to build 70 apartments in Bucharest
Gran Via recently bought a 5,000 sqm plot of land in northern Bucharest, near Aviatiei Apa  »
Bezrealitky.cz offering landlords guaranteed rent
The web portal Bezrealitky.cz has begun offering complete leasing services for the owners  »
Where do you see your company going over the next two years? Since I became GM of the co   »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »