Living as a millionaire in Montenegro, Europe's rising luxury haven - Business Insider

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What it's like living as a millionaire in Montenegro, the tiny European country where the ultrawealthy are paying more than $400,000 for citizenship during the pandemic

Montenegro's real-estate prices are still low compared to Monaco and the French Riviera.For a little less than $300,000, you can get a three-bedroom luxury condo with a terrace overlooking the sea, or a four-bedroom, three-story house in Budva for the same price.with a pool and sauna and a terrace overlooking the sea.The island of Sveti Stefan, Montenegro.

Foreign buyers became increasingly interested in Montenegro after it joined NATO in 2017, started getting more direct flights from other destinations, and adopted the euro as its currency.," Leila Calic, director of Resido Montenegro, a real-estate agency and consultancy, told The New York Times in 2019.

"The market is more and more offering luxury properties, and at prices still attractive in comparison with the French coast, for example, or even Spain seaside locations," Calic said. The picturesque Bay of Kotor, with its dramatic cliffs and sparkling blue waters, is a particularly attractive location for foreign home buyers.go to international buyers.

The charming ancient town of Kotor, a UNESCO World Heritage site, is popular with locals and tourists alike. Kotor's Old Town is a maze of cobblestoned streets, churches, and café-filled squares.

 

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