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

28 February 2019 - The German Airline Lufthansa has confirmed that starting from April, the company will launch a seasonal flight from Tivat to Munich and Frankfurt in Germany as part of the expansion of the network in the Balkans Peninsula.

Lufthansa will enter the Montenegrin market next year by launching flights from Munich and Frankfurt to Tivat. Services from both German cities will be maintained once per week. The Munich-Tivat service will start April 13, while the Frankfurt-Tivat service will be launched three days later, April 16. The services will be maintained with the airline’s 136-seat Airbus A319 aircraft.

The Director of Lufthansa Group in Serbia, Croatia, Bosnia & Herzegovina, Montenegro and Slovenia, Bernhard Wodl, stated that Lufthansa decided to launch connections between Tivat and both its hubs in Germany, as the Montenegrin market has a lot of potentials. From Montenegro, passengers will be able to use Lufthansa’s large global network of hundreds of destinations and thousands of connections.

During the negotiations with the German airline, Danilo Orlandić, Head of the Airports of Montenegro, gave a statement on the importance of the connection with the German market and the cooperation with Lufthansa. "Lufthansa, as one of the most important carriers in Europe and the world, should be our partner. The German market is extremely important for our tourism industry. Furthermore, German airports have excellent worldwide connectivity, so the launch of new routes to this market is vital for the public, "said Orlandić.

You can find more information about the new service and the schedules of the new flights at the TMN dedicated page.

Other Lufthansa Group-member airlines serving Montenegro include Austrian Airlines from Vienna to Podgorica, Brussels Airlines to Tivat, as well as Eurowings from Dusseldorf to Tivat. Other airlines which have already confirmed new flights to the Montenegrin market next year include Laudamotion from Stuttgart to Podgorica and Enter Air from Poznan to Tivat.

27 February 2019 - The Luštica Bay project was named the Best European Property Development at the grand ceremony of the Luxury Network International Awards in Dubai.

On Saturday, February 23rd, Caesars Palace on Bluewaters Island, Dubai, opened its doors to over 400 guests of the 2019 Luxury Network International Awards Gala. As reported by the USA News 24/7,  on a red carpet flanked by three pristine Rolls Royce vehicles, attendees were greeted by H.E. Mr. Fares Ghattas, Global Ceo of The Luxury Network, and Mrs. Amal Shouman Solaiman, president of Cael. The occasion brought together over 50 luxury brands from over 15 countries representing Europe, CIS, Middle East, Africa, Asia, and the United States, and the Gala was attended by representatives from luxury brands, humanitarian organizations, diplomatic missions, and international branches of The Luxury Network.

Luxury Network, the world’s leading luxury affinity marketing group with 12 years of experience in the international market, presented to innovators in several categories of the luxury sector, as well as humanitarian personalities and successful business leaders. On this occasion, the “Best European Property Development” award was granted to the Luštica Bay project.

Marketing manager of Luštica Development, Slavica Milić, said that this award is extremely important for the whole Luštica Development team, as it honours the company as one of the most respected businesses worldwide.  "The prestigious award was granted to us at the moment when we participate in a joint presentation of the project with the company Investor Media in Dubai and the famous nautical fair, the Dubai Boat Show, which is held until March 2. This is a very significant recognition for us at the moment when interest in Luštica Bay, as an open year-round destination, is experiencing an expansion," Milić explained in a recent statement.

"The Luštica Development Company is developing the Luštica Bay project as a residential tourist destination with two marinas, seven hotels, a variety of real estate offerings, a professional golf course, a town centre and other amenities essential to the life of the city, at about seven million square meters in Tivat area of Luštica peninsula," Milić added.

In 2018, Luštica Development opened a marina with 176 berths, the first luxurious hotel - Chedi, and a marina settlement with about 220 residences.

For a full list of all the winners at the prestigious awards, here is a report by the Arabian Gazette.

February 27, 2019 - Continuing our look at the real estate for sale in Montenegro through the eye-watering RE/MAX catalogue, a spacious house with commanding views of the sea and mountains above Tivat.

Wild Beauty. The official slogan of the Montenegro Tourist Office. The land where the mountains come down to the sea. A country where you can ski in the morning and swim in the afternoon. 

And while many properties have that all-important sea view, not so many combine Montenegro's wild beauty with a combination of spectacular mountain and sea view. 

Add to that a spacious garden on a 2,000m2+ land plot, commanding views of Tivat just 3km below, and it is not hard to see why this brand new listing in Cesljar, Tivat is this week's RE/MAX Property of the Week:

Your dream of a green and peaceful residential haven turned into reality.

Tucked in amidst the beautiful garden on a plot of 2025 m2, surrounded by scenery of the sea and the mountain, this sublime jewel is built as an architectural and design masterpiece carved out to complement the inspiring presence of beautiful nature. 

This multilevel, contemporary house comprising three floors and three apartments, provides captivating comfort to those seeking the refinements of the modern designs complemented with sophisticated, featured amenities.

On an advantageous location, engulfed amidst the nurturing environment of lush greenery, with beautiful swimming pool, and barbeque area, it is ideal for family and offers the unique opportunity for social gatherings and pleasant, relaxing hours in the garden. 

This elegant home comes with unique features to meet expectations on even most sophisticated wish list: elegant, contemporary, spacious and bright interiors with 263 m2 of internal area, 3 kitchens, dining room, living room, open plan dining area, 6 bedrooms, 3 hallways, washing facilities, and 3 spacious bathrooms with a jacuzzi. Generously sized windows of this cozy, elegant home bring in a lot of natural light.

In addition, the house comes with 3 balconies, front terrace, spacious backyard, and courtyard.

Important features, amenities, and facilities involved: 

•     Great location

•     Sea view

•     Mountain view

•     The great urbanized garden plot, ideal for construction of another villa

•     Spacious yard

•     Spacious access to the house

•     Garage for two cars on street level with the motorized door, water, and electricity

•     Garden Shed

•     Water supply- the main one and additional: reservoir

This house which can be either purchased or rented unveils a new dimension of sophisticated living at the Montenegrin coast while ideally fitting to nurturing social relations, enriching family lifestyle and distinct taste of quality living.

Price 795,000 euro. For more information, photos and to book a viewing, check out the original listing. 

23 February 2019 - Hotel Mimoza, the oldest Tivat hotel built in 1958, was demolished in 2016, and a new hotel with apartments for sale on the market will be built at the same location.

The previous Hotel Mimoza had a restaurant with 200 seats, a cocktail bar, a snack bar, a 100-seater meeting room and a fun games room with a billiard room and an attractive terrace in the park. The hotel's capacity was 144 beds in 72 rooms.

The new owner of the hotel is the company "Mimoza Group" LLC from Tivat. They paid the former owner, the HTT "Mimoza", majority owned by Đorđije Nicović, about 6,5 million EUR.

"Hotel Mimoza Hotel & Residence will have 66 units, out of which 48 standard rooms, six studios, as well as 12 one-bedroom and two-bedroom apartments," the new hotel owners specified in the recent statement. They also said that the investment worth about 30 million EUR was worth it and that the construction works are carried out by Russian investors through a company registered in Germany. The

In 2018, Ministry of Sustainable Development and Tourism of Montenegro has issued urban technical conditions to the company "Mimoza Group" for the preparation of technical documentation, for the reconstruction of the existing facility-condo hotel at the site of urban parcels UP117 and UP118 in the procedure of Detailed Urban Plan Tivat-Centre", which is intended for business in the function of tourism.

“The planned upgrade is 1,600 square metres, and the upgrading with its dimensions, volume and materialization must be in accordance with the architecture of the existing object and ambient," states the UTC obtained from the Ministry.

18 February 2019 - The biggest carnival manifestation in the Tivat Riviera, the traditional Lastva Carnival, will be held on Sunday, February 24 at 2 pm, according to the organisers of the event, NGO Harlekin from Donja Lastva. The organisation of the event was carried out with the support of the Municipality of Tivat, Tourist Organisation Tivat and numerous sponsors.

This year, the gathering of masks, their registration and the formation of the carnival column will begin at 1 pm in front of the post office in Donja Lastva.

Traditionally, a joyous parade of masks with a puppet carnival will start this year under the old fig tree in the settlement VII quarter, accompanied by the City music Tivat and majorettes. The carnival will be brought through the entire Donja Lastva to the waterfront where it will be tried for all the bad deeds and problems of the citizens in the past year.

The burning of the carnival will take place in front of the church of St. Rok, and after that, the big masquerade will continue at the Hotel Kamelija. For this occasion, organizers announce special surprises and rich awards to the best group and individual masks.

The representatives of NGO Harlekin invite everyone interested. Due to the great interest in the carnival performance; come early, because a large response from Tivat and the surrounding cities is expected. The registration can be done at the booth at the VII quarter, which will be open from 1 pm.

“Considering the favourable weather forecasts and the happiness we traditionally have on the day of the carnival, we invite you to spend a pleasant and fun afternoon with us in Donja Lastva," said the representative of NGO Harlekin.

Serbia and Montenegro (SMATSA) and European Satellite Service Providers (ESSP) have signed two EGNOS work contracts, which is the first step in applying access procedures based on EGNOS service at airports in Serbia and Montenegro.

EGNOS is a European satellite system whose primary purpose is to improve the performance of global satellite navigation systems such as GPS and Galileo in the future. This is of crucial importance for the application of modern ways of aircraft navigation in the instrumental approach to landing, using the so-called PBN methods, for which the experts opted as the most visible and fastest way to launch a night start at Tivat Airport.

"Signing these agreements confirmed the compliance of SMATSA with the requirements of the European Initiative for the Unique Sky and the solution to the fulfillment of the strategic goals for the development of the future European air transport system," said SMATSA, which provides navigation and sightseeing services over Serbia and Montenegro.

Text by Sinisa Lukovic, on February 13th 2019, read more at Vijesti

The famous low-cost airline Norwegian Air Shuttle, in the upcoming summer IATA season, added another line from Scandinavia to Montenegro. This is the new Helsinki-Tivat line on which Norwegian will fly once a week, every Tuesday starting from April 16th. From the capital of Finland to Tivat, Norwegian will fly with a Boeing B 737-800 aircraft. In addition to this, during the upcoming summer season for Tivat, Norwegian will fly from Oslo, as well, because the seasonal line for the capital of Norway from our coastal airport has operated for a couple of years.

The biggest air carrier in Europe - German national airline Lufthansa will fly to Tivat Airport from April 13th. They will fly twice a week from Germany to Tivat, on Saturdays from Munich, and on Sundays from Frankfurt. Lufthansa put tickets on sale for its new lines from Germany to Montenegro, where aircraft type Air-type A-319 will operate. The arrival of Lufthansa to Montenegro, which is one of the strongest so-called legacy carriers in the world is of paramount importance for the Airports of Montenegro (ACG) and our tourism industry in general.

ACG firstly succeeded in bringing a member of the Lufthansa group to Tivat airport last summer, the Belgian national company Brussels Airlines, and now the prestigious German airline.

Text by Sinisa Lukovic, on February 12th 2019, read more at Vijesti

Currently, on the territory of the Municipality of Tivat, there are ongoing works on infrastructure and public buildings with a total value of 4.37 million euros.

There is an ongoing adaptation of the building Buca-Lukovic, which is used by the PU Museum and Gallery Tivat worth 176,000 euros. A reconstruction of the Cultural Center facility is being carried out, for which EUR 365,000 was allocated. The construction of the second phase of the MR1 road, which is an investment of 2.98 million, as well as the first phase of the seafront promenade Lungo mare Krasici, worth 747.000 euros, continued on Luštica peninsula. The completion of the first phase of the renovation of the Arsenal auxiliary sports field is ongoing, for which 54,000 euro is committed, which is as much as for the continuation of works on the sewerage in Donja Lastva.

“The municipality has announced a tender worth 665,000 euros, out of which 390,000 is set for the first phase of construction of a facility for children with disabilities in Seljanovo, and 200,000 for the cleaning of the submarine area in the port Kalimanj. The expansion of public lighting in the municipality will cost 40,000, and the purchase of the conference system for the local parliament 35,000 euros," the municipality said.

Tenders worth 2.3 million euros are being prepared, including 700,000 for local road asphalting and 500,000 for the second phase of Belani promenade, i.e. 550,000 euros for the second phase of the facility for children with disabilities. 120.000 euros are for the repair of sidewalks and walkways, and the construction of supporting walls in Gornja Lastva.

Text by Sinisa Lukovic, on February 7th 2019, read more at Vijesti

08 February 2019 - The Municipality of Tivat received a donation worth 30.000,00 EUR from the company Qatari Diar Real Estate.

The Qatari Diar Real Estate Company was established in 2005 by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. The company is headquartered northeast of capital Doha on the coast of the Arabian Gulf. Qatari Diar has established itself as one of the world’s most trusted and respected real estate companies because of its commitment to quality, local community, partnership and sustainability. As of January 2018, Qatari Diar has a shared capital of US $8 billion, with 60 investment projects under development or held in 24 countries around the world, combining a value of over US$35 billion.

Qatari Diar has also launched a construction project in Montenegro - the company acquired the rights to the Blue Horizon hotel complex for €24 million, and it is in their plan to develop a five-star luxury hotel that will include sports resorts and villas. As stated by the representatives of the company, “the Plavi Horizonti Project, based upon the principles of an exclusive resort atmosphere, with reference to the natural setting of the Montenegrin landscape character, historic heritage and elements of an authentic Montenegrin village, is located ideally on the Luštica Peninsula, facing towards the magnificent Adriatic Sea. The mixed-use resort will include a 200-room world-class luxury resort hotel, a spa, a beach club, more than 140 residential villas, apartments and townhouses, and traditional village-style retail and recreation areas.”

This respected real estate company has decided to donate funds to support the development of Tivat Municipality. The donation will be directed towards the realisation of the second phase of asphalting the local road to Radovići Village on the peninsula Luštica. The segment of the road to Radovići that will be constructed is the road section Rogač-Radovići.

The Municipality of Tivat previously financed the reconstruction and asphalting of the section from the Đuraševići coast to the end of the Radovići Village, worth around 94.000,00 EUR.

On the Luštica peninsula, the construction of the second phase of the MR1 is underway, which will connect the local road to Radovići (from the natural reserve Tivatska solila) and the second phase of MR1. This road represents a direct traffic link to the development of tourism projects which are being built on the Luštica peninsula. The MR1 road will also greatly facilitate traffic in this part of the peninsula, which is of particular importance for the locals of the surrounding local communities.