“At the moment of the creation of our planet, the most beautiful merging of land and sea occurred at the Montenegrin coast,” Romantic poet Lord Byron famously wrote. In the beautiful Bay of Kotor, Byron’s words come to life.
A breathtaking inlet into the Mediterranean country, the area is described by some as the southernmost fjord in Europe. Whatever geographical terminology you choose, though, this hidden gem of the Adriatic Sea is undoubtedly jaw-dropping, with the cove’s towering cliffs and sparkling waters adding to its exclusive atmosphere.
The pearl of the Mediterranean, Montenegro is a destination on the rise. In 2015, foreign tourist arrivals rose 15 per cent compared to 2014, according to MONSTAT, the Statistical Office of Montenegro. In 2016, total arrivals are forecast to hit 1.49 million by the World Travel and Tourism Council. By 2026, the number of arrivals is expected to soar to 2.45 million.
This week, Hilton announced the official opening of its first hotel in Montenegro, located in the capital of Podgorica Crna Gora, with Hilton praising the country’s position as one of the world’s most “exciting new” destinations.
It is little surprise, therefore, that Montenegro’s real estate market is also growing. In 2016, enquiries for Montenegrin property on TheMoveChannel.com have risen 20 per cent compared to 2015.
The gem of Kotor, meanwhile, is not staying hidden for long: while Kotor accounts for just one in 20 tourist arrivals in the country, according to MONSTAT, the number of arrivals in the area has risen 39 per cent in H1 2016 compared to H1 2015. The number of overnight stays has also risen 40 per cent.
A key part of Kotor’s charm among house-hunters is luxury superyacht marina Porto Montenegro. This year, it adds the new Regent Pool Club residences to its residential collection.
The contemporary chic homes, each with a landscaped terrace, are inspired by the Italian Riviera and have unobstructed sea and mountain views – the perfect place from which to admire the natural sights that once stunned Byron.
Located adjacent to the existing Regent Porto Montenegro hotel, the 1, 2 and 3 bedroom apartments are based on the hotel condominium model, offering direct access to the extensive services and amenities of their five-star neighbour via a private walkway – plus a residents-only pool deck with leisure, lap and children’s pools.
Investors can dip their toes in the water too: all owners have the option to participate in the Regent rental pool programme, with an onsite management team that can take care of all maintenance and rental administration.
With competitive rental returns and prices from €409,000 to €3,720,000, the homes are ideal for anyone looking for international standard real estate in Montenegro – and a chance to take your place in the world’s most beautiful meeting of land, sea and property.
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