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Property in Kotor |
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Rural stone houses in need of renovation, but with an acre of land, change hands for £40,000 in this region; waterfront properties can be snapped up for £60,000 but may need tidying up |
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Kotor and Perast are both UNESCOlisted heritage towns with architecture dating from the 12th to 14th centuries. Budva is the centre of Montenegrin tourism and consists of a small, old town on a peninsula, surrounded by 17 beaches, small islands and a large sprawl of modern developments. . |
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Lively in summer, rental returns are greatest in this area. Sveti Stefan, made famous as a playground for Hollywood stars in the '70s, is a picturesque island connected to the mainland by a causeway. |
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Apartments here are already selling at a premium. For long-term investment, the Lustica Peninsula is a hot tip. Home to beautiful beaches and clear, blue sea, property prices are staggeringly cheap: a two-bedroom house in good condition sells for around £30,000. There are no restrictions on foreigners buying property in Montenegro. The buying process can take only a few days using a competent local solicitor. Avoid potential problems by hiring one – local property titles in Montenegro are not always ‘clean', sometimes having been registered incorrectly during the communisat era. Otherwise, Montenegro is very much worth a punt by 2007 |
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| Reference Code: |
Prcanj_17_a/j_I |
| Price: |
€220,000 |
| Location: |
Kotor |
| Bedrooms |
6 |
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