Urgent sale of an apartment in Genovici, Herceg Novi for 109,000 euros
If you are looking for an opportunity to buy a house in Montenegro, in the picturesque village of Genovici, you have a great opportunity. An apartment for sale in one of the best areas of Herceg Novi, just 100 meters from the sea and close to key infrastructure facilities.
Apartment parameters
Apartment size: 66.87 m2
Floor: 2nd
Living area: 51.54 m2
Balcony: 8.62 m2
Bathroom: 6.71 m2
The residential complex is located on a plot of 5,800 m2, while the building occupies only 36% of the total area, which creates a lot of free space for recreation and walks. The complex has its own entrance from the Jadran highway, intended only for residents and their guests. All communications (water supply, sewerage, electricity and telephony) are connected to urban networks. Grocery stores, restaurants, bars and beaches are within walking distance, which makes the accommodation convenient for living all year round.
Description of the area and its advantages
Genovici is a small and cozy village located 7 km from the center of Herceg Novi and only 15 km from the border with Croatia. The village is located on the shore of the Hercegnovsky Bay, which is part of the famous Bokakotor Bay. The proximity of the sea and the unique microclimate make Genovici an ideal place to relax and stay.
The city of Herceg Novi is the historical and cultural center of Montenegro, which attracts many tourists. Its narrow streets, fortresses such as Forte Mare and Kanli Kula, and the famous promenade along the sea create an atmosphere of Mediterranean tranquility and coziness.
Advantages of buying an apartment
Rent: If you are not planning permanent residence in Montenegro, an apartment in Genovici will be an excellent source of rental income. During the peak tourist season (summer), renting an apartment can bring up to 70-100 euros per day. Due to the high demand for short-term rentals, you can earn a steady income for most of the year.
Investments: Montenegro has shown a steady increase in real estate prices over the past 5 years. On average, the cost of housing has increased by 15-20% over this period, which makes buying an apartment in Genovici an excellent investment in the future.
Residence permit: Buying real estate in Montenegro is a direct way to obtain a residence permit (residence permit). By purchasing an apartment, you can get a residence permit for the whole family, which allows you to move freely around the country, as well as access medical and educational services.
Analysis of the real estate market over the past 5 years
The real estate market in Montenegro is showing steady growth. Since 2018, real estate prices in tourist-attractive regions such as Herceg Novi have increased by an average of 15-20%. The main reasons for this growth are an increase in the flow of foreign investors, improved tourism infrastructure and stable rental demand. In the coming years, experts predict continued price growth, which makes the current time ideal for buying a home.
Montenegro, as a candidate member of the European Union, attracts the attention of foreign investors, and its status as a popular tourist destination makes the real estate market extremely promising.
How to use housing?
An apartment in Genovici can be an excellent option for both summer holidays and permanent residence. Due to its location just 100 meters from the sea and well-developed infrastructure, you can enjoy all the delights of the Montenegrin coast all year round. In addition, by renting an apartment, you will be able to earn a stable income, which is especially important in the context of growing demand for housing in tourist areas of Montenegro.
Thus, buying an apartment for 109,000 euros in Genovici is not only a profitable investment, but also an opportunity to enjoy the unique nature, comfort and prospects for rising real estate prices in one of the most attractive regions of Montenegro.
