Object Parameters:
Total area of the house: 143 m2
Living area: 130 m2
Land area: 3217 m2
Summer house: 21 m2
Garden and parking
Description of the object:
Spacious house with an extensive plot in the city of Bar, Montenegro. The main house with an area of 143 m2 is located on a plot of 3217 m2, where there is also a compact summer house of 21 m2, a garden and a spacious parking lot. The house is perfect for both permanent residence and summer holidays. A plot with a garden provides enough space for a garden, vegetable garden or landscaping.
The City of Bar:
Bar is the administrative center of the Bar Riviera and a popular tourist destination on the Adriatic coast of Montenegro. The city is famous for its picturesque beaches, historical heritage and ancient attractions such as the Old Bar. The local market is a significant part of the cultural heritage, offering fresh local products and an atmosphere of authentic Montenegrin life. The bar is a convenient location for long—term rest and accommodation due to the developed infrastructure, regular transport links and advantageous location relative to the coast and other major cities.
Features and benefits
The house in the Bar can be used both for personal recreation and to generate rental income. During the summer season, the demand for rental housing in the Bar and its surroundings is consistently high, and renting a house of this type can generate income of up to 800-1000 euros per month, depending on the season. Buying a property also provides the opportunity to obtain a residence permit (residence permit) in Montenegro, which makes this property an attractive option for those who plan to move or spend a long time on the coast.
Real estate market and price growth analysis
Over the past five years, the real estate market in Montenegro has been steadily growing, especially in the coastal regions. In the period from 2018 to 2023, the average increase in housing prices was about 8-10% annually, which is due to high demand from foreigners and an increase in tourist flow. Real estate investments in Bar have a high potential for profitability, as real estate prices continue to increase due to the development of infrastructure and the growing popularity of Montenegro as a tourist and investment destination.
