Land for sale with ruins of a stone house, Kotor, Montenegro — 650,000 euros
Basic parameters
Price: 650,000 euros
Location: Kotor, Montenegro
Site features: ruins of a stone house, the possibility of building a villa or a residential building
Description of the object
This plot of land is located in the picturesque area of Kotor, Montenegro, and is ideal for the construction of a villa or apartment building. The ruins of an ancient stone house have been preserved on the site, which can be used in a construction project, which will add uniqueness to the new facility. Due to its convenient location and stunning views, the site provides opportunities for creating luxury housing or a rental facility, which makes it attractive for investment.
The advantages of buying and the possibility of using
The acquisition of this site opens up the possibility of building a unique facility in one of the most sought-after tourist cities in Montenegro. Due to the high demand for rental housing in Kotor, especially during the tourist season, such real estate can bring a stable income, allowing you to rent a built villa or house for rent. The plot is also ideal for creating a private country house or a seasonal residence with exceptional views of the mountains and the sea.
Economic attractiveness and price growth analysis
Over the past five years, real estate prices in Montenegro, especially in Kotor, have been steadily rising due to the growing interest from foreign investors and an increase in tourist flow. The average annual increase in land prices in the region is about 4-6%. Montenegro continues to attract the attention of investors, which supports the active development of infrastructure and contributes to a steady increase in the value of real estate.
Sights and features of the region
Kotor is a historical city that attracts thousands of tourists with its architecture and cultural sites such as the fortress walls of the Old Town, the Cathedral of St. Tryphon and the Fortress of St. John. The area is especially popular with tourists from April to November, when cruise ships bring visitors from all over the world here. Due to this, real estate in Kotor acquires high investment attractiveness.
Residence permit in Montenegro when buying real estate
The purchase of real estate in Montenegro gives the right to obtain a temporary residence permit, which is a significant advantage for buyers planning a regular stay in the country.
