The real estate market of Tivat

The demand for buying real estate in Tivat is set by the citizens of Montenegro themselves, who assess it as a wonderful city for year-round living, as well as foreign investors who receive commercial income, expect a further increase in price or who have chosen it to obtain a residence permit or citizenship. Due to the improvement in the level of comfort of life over the past time, Tivat has become a popular place for thousands of new residents.

Tivat is called the "Montenegrin gate of the Adriatic Sea", thanks to the second airport of Montenegro, Tivat, which passes through more than a million tourists during the year. Tivat is located in the eponymous part of the Bay of Kotor, which is included in the list of the 25 most beautiful reservoirs in the world.

There is an active growth of investments in houses and land plots in Tivat. There are many opportunities for profitable investments here. Rental income comes from both long-term rentals out of season and short-term rentals in season. In this combination, this easily sold or well-managed housing brings from 5%-10% per annum.


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The cost of real estate in Tivat

Over the past 10 years, Tivat has been developing incredibly actively, thanks to the construction of a modern marina for super and mega yachts "Porto Montenegro". It is considered the main and one of the best in terms of comfort and infrastructure in the entire Mediterranean, has a platinum status and is a yacht village with berths, restaurants, boutiques, swimming pools, a yacht club and luxury real estate.

The construction of the Porto Montenegro complex was often in the news and had a huge impact on prices and sales in Tivat and Montenegro, especially near the luxury marina itself. So, new buildings within walking distance to it are on sale from 2700 euros per square meter and above. Inside the complex - from 4500 euros. At the same time, the secondary housing stock is more accessible to the average buyer - housing here costs from 1800 - 2100 euros per square meter.

Pros and cons of buying real estate in Tivat

The immediate proximity to the airport and the yacht marina greatly simplifies the solution of many logistical tasks, but some aircraft noise can annoy fans of silence.

There are traffic jams in Tivat due to busy traffic. The community is developing a project for the construction of a road to Budva with a 2-fold increase in the number of lanes.

Due to the avalanche-like growth in Tivat, there is a large shortage of commercial real estate of a shopping and entertainment type, as well as offices. Private houses and villas with 3-4 bedrooms prevail.

Tivat is suitable if you are looking for an opportunity to buy an exclusive penthouse, a mansion with a large number of bedrooms or a cottage in the forest, where there will be peace and quiet.

The most picturesque views of the Bay of Kotor from the height of the mountains, which leads to the choice of land plots for construction away from the center and the sea. The road from some places to the center of Tivat by car takes 10-15 minutes. The city is actively growing. Townhouses and exclusive villas are being built on the outskirts.

The main type of intra-city and regional communication in Tivat, as well as throughout Montenegro, is a bus and taxi. In addition, it is convenient to travel inside the bay by "water trams", according to the schedule running between Tivat, Herceg Novi, Perast and Which.

In the Middle Ages, Tivat was considered a "dacha place" for the Kotor aristocracy due to its "sunny" location. Tivat is sprawled at the foot of the Vrmac mountain range, with a height of just over 700 meters, so the sun appears here quite early. Tivat is the second most sunny day in Montenegro.

Literally 15 minutes from Tivat is the Lustica Peninsula. The most famous tourist places in the region are Krasici, Donja Lastva, Lepetani and Radovici.

It is highly desirable that the transaction of buying and selling a house, apartment or commercial property in Tivat and any other region of Montenegro be checked by a lawyer.