An unspoilt gem in the Adriatic, Montenegro’s friendly tax regime, exclusive marina developments and stunning landscape has put it firmly on the radar of the world’s super-rich. That’s not to say more average budgets won’t bag you a scenic coastal home in this undiscovered corner of Europe…

Smart apartments at new complex in Becici, Budva

Recent years have seen Montenegro quietly transforming itself into a haven for the world’s elite and super-yacht owners. To date around £3.1bn has been invested in the transformation of Kotor Bay and resorts such as Porto Montenegro and Lustica Bay into luxury tourist destinations. Even the likes of the Saudi Royal family have chosen it as a preferred mooring site for their famous Golden Fleet of superyachts.

A designated UNESCO site and the jewel in the crown of Montenegro, Kotor Bay’s stunning scenery and sense of exclusivity that emanates from its curving mountainous coastline made it a natural choice for the creation of Porto Montenegro in the hip town of Tivat. With luxury waterfront residences and boutique shopping, its 450-berth marina is suitable for the world’s largest mega yachts of up to 800 feet, helping to establish the Balkan country as a rival to Monaco.

Villa in scenic location in Tivat, Bay of Kotor

Across the Bay another new marina project is taking shape. Called Portonovi and located in Kumbor, the new 26-hectare master-plan focuses around a 238-berth deep-water marina, which opened this year. Not forgetting Lustica Bay, also a marina town being built on the other side of Kotor Bay, with a choice of seafront homes and full range of world-class leisure amenities.

Not everywhere along Montenegro’s Adriatic coastline is geared towards wealthy yacht owners. South of Kotor Bay is the town of Budva, which, with its pretty old centre and lively seafront is arguably the country’s busiest and trendiest holiday resort.

Famous for its nightlife and seafood restaurants, there are a host of quality hotels to choose from, not to mention properties for sale, and more than 30 sandy beaches in the area.

Two-bed apartment in Budva

Just around Budva’s bay is the smaller and more chilled beach resort of Becici, home to the exciting new complex Sunny Side Resort & Spa, with opportunities to invest in holiday apartments through Montenegrin property specialist CMM Consulting Investment Group. Just 400 metres from the sea, the completed project includes a pool and wellness center with a Finnish sauna, hammam and a gym.

Besides its properties, there are appealing financial reasons to buy and even live in Montenegro, where carrier Jet2 this month announced a new summer route to Tivat. CMM Consulting Investment Group outlines some of them:
“In Montenegro, tax when buying pre-owned property is just three per cent and zero when buying on a new development. There is no tax levied on inherited property or pensions. Also, our land laws give foreign investors equal status to that of locals, i.e. with full title deeds. For businesses, we have one of the most competitive corporate tax regimes in Europe, and while our official currency is the Euro we’re not part of the EU so are not affected by Brexit!”

Written by Overseas Guides Company.

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