02 March 2019 - The most expensive villa in Montenegro was sold in Tivat Municipality for 10 million EUR, stated Niko Laković, executive director of Nekretnina.me, a website offering superb luxury properties throughout Montenegro.
According to Laković, certain villas and apartments in Montenegro have been sold at even higher prices than in some other, more developed tourist destinations.
“Over the past few years, the real estate market in Montenegro saw an upward trend and the opportunities have been pretty favorable. The luxury real estate market functions mainly thanks to Porto Montenegro and Luštica Bay, where most of the high-end apartments were sold at higher prices than in some more developed tourist destinations,” said Laković.
The average price of villas per square meter in a high-end Montenegrin village ranges from 6,000 EUR to 7,000 EUR, said Laković, adding that some coastal villas are being offered from 5,000 EUR/sqm to even 10,000 EUR/sqm (palaces in Dobrota, Ljuta and Perast).
So far, affluent real estate buyers from Serbia showed the most interest in Montenegrin luxury properties followed by the Turks, Russians, and Brits.
Luštica Development Company, responsible for developing and building Luštica Bay, stated that last year was pretty much successful when it comes to selling homes and apartments which brought to somewhat higher prices of the remaining real estate in this newly built luxury complex. According to this company, the most expensive villa in Luštica Bay was sold for 2.43 million EUR and right now, there’s another 3-room townhouse available for purchase if anyone’s willing to give 1.03 EUR million for it. As for the apartments in this village, the most expensive one is situated in the residency ‘Kamelija’ and can be purchased for 1.58 million EUR.
Source: Cafe del Montenegro
