A good plot in Herceg Novi - 265,000 euros
Plot description
A plot of land for sale in Herceg Novi, ideal for the construction of 4 villas. The plot is equipped with all necessary utilities, including electricity and water. There is also an asphalt road providing convenient access. Plavi Horizonti beach is only 800 meters away, which makes the site attractive for housing development with sea views.
Object parameters:
Price: 265,000 euros
Land area: enough for the construction of 4 villas
Communications: electricity, water
Road: paved
Distance to the beach: 800 meters
Description of the area
Herceg Novi is a popular resort town in Montenegro, located on the coast of the Bay of Kotor. The area is gradually becoming more built up, including the Lustica Peninsula, which used to be more secluded. This place attracts those who are looking for comfort and proximity to the sea, as well as the opportunity to invest in real estate.
This site is ideally located for the construction of residential facilities, due to its proximity to the beaches, as well as the prospects for infrastructure growth in the area. In recent years, there has been an increase in investor interest in the Herceg Novi real estate market, which makes the purchase of this plot profitable in the long term.
Advantages of the purchase
This plot represents an excellent opportunity for the construction of several villas. The demand for residential real estate in Herceg Novi is steadily growing, and buying land in this area can generate rental income. Depending on the season, villas can bring from 20 to 50 thousand euros per year for rent, depending on the level of comfort and location.
In addition, the purchase of real estate in Montenegro provides the right to obtain a residence permit for investors and their families, which makes this site even more attractive to foreign buyers.
Prospects for price growth
Over the past 5 years, the real estate market in Montenegro, especially in the area of Herceg Novi and Lustica, has seen a steady increase in prices. Often, the cost of land and housing increases by 5-10% annually, which is associated with the development of infrastructure, increased tourist attractiveness and the construction of new residential complexes. This site, located in a promising area, has every chance of further cost growth.
Important facts about Montenegro
Montenegro is a country with low taxes and an attractive economy for investors. In 2024, an increase in foreign capital in the construction sector is expected, which will contribute to an even greater increase in prices.
Nice plot in Herceg Novi
A good plot of land for sale in Herceg Novi.It is possible to build 4 villas. Electricity, water, paved road. 800 meters to Plavi Horizonti beach.
Gradually, Lustica begins to be built up, and who knows what it will be like in 10-15 years. Therefore, we advise you to visit here as soon as possible, while you can still find secluded corners in the bosom of untouched nature. Road works. Description of the peninsula Lustica should start with the fact that until recently it was the opposite of the Budva Riviera, as far as possible.
for Sale a nice plot in Herceg-Novi.It is possible to build 4 villas. Electricity, water, asphalt road. 800 meters to the beach of Plavi Horizonti.
