House for sale in Montenegro, Chan village – €55,000
Real Estate Parameters
Location: Chan, Sutomore, Montenegro
House size: 58 m2
Garage area: 18 m2 (used as a living space)
Communications: electricity, municipal water supply, street lighting
Road: paved driveway
Distance to the sea: 1 km
Description of the location
Montenegro is famous for its mild climate, picturesque nature and stable demand for real estate. The Sutomore region is one of the most popular resort areas, attracting tourists and home buyers due to its convenient location and developed infrastructure.
Chan Village is located in a quiet area, ideal for family holidays and permanent residence. The area has a good ecology and a calm atmosphere, which makes it attractive for both locals and tourists.
Advantages of the purchase
Developed infrastructure: the house is connected to the main urban communications, including electricity and water supply.
Convenient location: 1 km to the Adriatic coast – walking distance to the beach.
Additional room: garage of 18 m2 can be used as a living area or warehouse.
Rental income: the average cost of renting a house in Chan ranges from €40 to €70 per day in high season, which allows you to earn income up to €5,000 over the summer period.
Use of housing
Permanent residence: suitable for families due to affordable conditions and location in a quiet area.
Renting: a high tourist flow provides a stable income.
Temporary accommodation: a convenient place to relax at any time of the year.
Obtaining a residence permit in Montenegro
Buying a property worth from €50,000 allows you to obtain a residence permit in Montenegro. The procedure takes about 3 months. A residence permit gives the right to legal residence, as well as the possibility of visa-free travel to the countries of the Schengen area for up to 90 days within 180 days.
Real estate market price analysis
Over the past 5 years, the real estate market in Montenegro has shown steady growth. In the period from 2018 to 2023, the average value of real estate increased by 35-40%. The main factors were:
increased demand among foreign buyers;
development of tourism infrastructure;
a limited number of offers in popular resort areas.
In the village of Chan, house prices have increased from €800 to €1,200 per m2, which confirms the high investment attractiveness of the facility.
Conclusion
A house in the village of Chan is a profitable investment that is suitable for living, relaxing or earning rental income. This is an affordable way to become a real estate owner in Montenegro and get a residence permit with the prospect of increasing the value of the asset in the future.
In a quiet and cozy place in Montenegro in the village of Chan, house for sale. House area: 58 m2. There is everything necessary for living. The house has a garage of 18m2, which is used for living. To the house is asphalt road, connected to electricity, city water supply and street lighting.Distance from the sea is about 1 km .
