New builds in Montenegro
Location and climate
Montenegro is a country located in the southeastern part of Europe, in the west of the Balkan Peninsula, bordering the Adriatic Sea. It is a member of NATO, a candidate member of the European Union.
The climate in the north of the country is temperate continental, on the Adriatic coast - Mediterranean: summers are long, hot and dry (up to +26°C), winters are short and cool (the temperature rarely drops below + 2°C). The mountainous regions have moderately warm summers and relatively cold winters with snow.
For the information of the investors: economics, culture, and education
The country is successfully recovering from the consequences of the recession caused by the collapse of Yugoslavia and UN economic sanctions.
Tourism is the backbone of the country's economy. This is a leading industry, given the excellent natural and climatic conditions, as well as the possibilities of infrastructure that can provide an interesting recreation program.
A feature of industry and agriculture is their focus on the needs of this particular industry (building materials, furniture, food, textiles, entertainment equipment, etc.).
There are few industrial enterprises in the country: in Niksic (ferrous metallurgy), Bar (ship repair, light and food industries), Cetinje (electrical engineering), Kotor (chemical and rubber industry). Mining is underway in Montenegro: coal, bauxite, iron ore, and sea salt. There is a thermal power plant in Pljevlja, and hydroelectric power plants in Piva and Perućica.
Climatic conditions favor the development of agriculture. Tobacco, grain crops, fruits, vegetables are grown; meat and dairy production, and animal husbandry are developed.
Trans-European highways pass through the country. There are six airports, two of which are international (Podgorica, Tivat).
Montenegro has a rich cultural heritage. At the origins of the literary tradition were the authors of written language - Miroslav, Pop Duklyanin. The history of the Cyrillic alphabet is connected with the flourishing of Byzantine traditions.
Why is it profitable to buy an apartment in Montenegro in a new build?
Investments in real estate in Montenegro in the new builds for sale provide a number of obvious advantages:
reduction of repair and maintenance costs (taking into account new communications and materials at home),
providing yourself with comfortable housing for the duration of your vacation or permanent residence,
the possibility of obtaining a higher income from the provision of liquid housing for rent.
Foreigners, as a rule, consider residential complexes in Montenegro in locations with a well-developed infrastructure. Those who choose housing for short-term accommodation for a vacation period most often purchase small apartments in residential complexes in resort towns. The most popular resorts in Montenegro are located on the Adriatic coast. There is a particularly high demand for new homes in Budva, Becici, as well as in the cities of the Bay of Kotor.
The sale of apartments from the developers is carried out in accordance with the law, providing for compliance with building standards, the availability of shops, schools, medical institutions, etc. right next to the object under construction, which is confirmed by customer reviews.
According to the real estate search engine GEOLN.COM, the minimum price per square meter of space in a new homes for sale from a developer in Montenegro (transferred to the buyer in a turnkey condition), in particular in Budva, is 4,280 USD.
Acquisition of apartments in Montenegro from the developers by foreign citizens
There are no restrictions for non-residents. Foreign investors can freely buy apartments from the developers in Montenegro.
Purchasing an apartment in a new development in Montenegro is a profitable investment that gives you the opportunity to receive income from renting the property out, relax and live in the resort towns of the Adriatic with a wonderful climate.