Why is Montenegro becoming attractive for real estate investments?

Why is Montenegro becoming an attractive place for investment and recreation?
Why does Kolasin attract tourists and investors?

Many travelers who have visited Montenegro have been able to experience the beauty of this amazing country, generously adorned with vast forests and majestic mountains, which perfectly matches its name. With such natural features, the country offers proximity to several ski resorts. However, these resorts have not yet gained worldwide fame, as the region is on its way to active technological progress. The appeal of Montenegro is not limited to the winter season — the picturesque landscapes delight travelers at any time of the year. For this reason, more and more people are beginning to consider the possibility of investing in real estate in this wonderful corner.

Attractive features of Montenegro

The coastal area around Budva, where life is vibrant even off-season, contrasts with the mountainous regions that offer incredible tranquility and peace at any time. This is especially noticeable in the summer when the seaside resorts are overcrowded with tourists, and the noisy atmosphere can be exhausting for some vacationers.

Law on Citizenship and Investment

The Montenegrin authorities, which adopted the law on citizenship program in November 2018, aim to attract foreign investors to the northern regions of the country. Citizenship is possible only if funds are invested in certain projects - in particular, in resort real estate, which must first be approved by the government. The minimum amount of investment in the northern part of the country is as follows250,000 eurosand for the coast—450,000 eurosThus, the authorities intend to activate the influx of capital into the ski areas, which will allow the northern part of the country to offer competitive real estate in the market.

Montenegro ski resorts

Ski resorts in Montenegro, while they may not compare to the scale of well-known European winter destinations, offer a variety of quality slopes that cater to the needs of both beginner skiers and experienced snowboarders. In many cases, they have an advantage in terms of pricing:

For example, if a day in the famous Dolomite Alps in Italy costs...50 eurosIn Kolašin, this is just15 euros.
A full set of ski equipment can be rented for the same amount.

This is especially beneficial for large families, as it significantly reduces vacation expenses.

Kolashin is the perfect place for a vacation.

Kolašin is a ski resort located at an altitude1000 metersIt combines unique nature, opportunities for active leisure and affordable prices, which attracts tourists. All conditions for comfortable skiing are created here, and picturesque views allow you to enjoy the incredible atmosphere of the mountains. This place was created to give unforgettable emotions and promote active outdoor recreation, which is especially valuable for those who seek harmony and variety in their travels.

General information about the resort

On the northern side of this city flows the Tara River, while to the south is the Moraca River. The resort itself is conveniently located among majestic mountains, including Belasica, Sinjavina, Vucja, and Kluca. In this picturesque place, just over 4,500 people live.

Transport connections

The existing mountain road connects the resort with Podgorica, passing through the stunning Morača River canyon, and the distance between these two points is about 70 km.

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The construction of the new "Bar-Belgrade" highway, which will improve access to the Kolasin ski area for tourists, will be completed soon. Additionally, you can also reach Kolasin by electric train from the Montenegrin coast.

Ski areas

The ski resort is divided into three main areas:

Kolashin 1450
Kolaszyn 1450
Kolashin 1600

These areas indicate their height above sea level. Each of these sites offers a variety of ski slopes suitable for both beginners and experienced skiers, and there is an option for night skiing. In Kolasin, you can also rent the necessary equipment, including snowmobiles and ATVs, as well as enjoy the atmosphere of local restaurants that offer delicious dishes.

Seasonal features

In winter, Kolasin is a true hub for skiing enthusiasts, but with the arrival of the summer season, it transforms into a balneological resort. The clean air and the forests of the Biogradska Gora National Park contribute to improving health and overall well-being. The region retains its pristine beauty, and Lake Biograd, located in the heart of the park, is recognized as the largest high-altitude lake on the European continent. The shores of the lake are abundant with picturesque trails that tourists can stroll along at any time of the year.

Historical landmarks

In close proximity to Kolašin lies one of the oldest monasteries in Europe — Morača, which was founded around750 years ago.There is also the Assumption Cathedral, which is considered one of the oldest churches in this region.

Real estate and prices

The prices for housing and land plots in this region are relatively low, making it attractive for local residents, many of whom purchase such properties for use as a second home or summer house. The average cost of apartments is around700 euros per square meterwhile private houses are valued at approximately600 euros per square meterThe price of land plots in Kolasin for residential and commercial construction varies from80 to 130 euros per square meter, and for hotel construction — from100 to 400 euros.

Comparative price analysis

In the village of Smajlagića Polje, located on the way to the ski resorts, land plots can be purchased at prices from40 to 70 euros per square meterMatyshevo, located nearby, is also becoming increasingly interesting for buyers — here, prices range from15 to 30 euros per square meter.

Conclusion

Thus, this picturesque corner of Montenegro attracts both tourists and investors, offering rich opportunities for both leisure and business.

Conclusion

Concluding my story about Montenegro and its delightful ski resorts, I want to emphasize that this is a unique country that is gradually revealing its secrets. I never get tired of admiring its nature, which harmoniously combines picturesque mountains and clean waters of rivers. Despite the fact that Montenegrin ski resorts cannot yet compete with the famous resorts in Europe, they do offeraffordable pricesand quality relaxation, which makes them especially appealing for family trips.

Advantages of ski resorts in Montenegro

Wide range of trailsfor various levels of training.
The possibility of riding at any time of the year.
Available prices forski passesand equipment rentals.
Beautiful natural landscapes and picturesque atmosphere.

Investment opportunities

Investment initiatives aimed at attracting foreign investors open new horizons for infrastructure development and improving the quality of services. This will undoubtedly serve as an incentive for further growth and the popularization of Montenegro as a ski destination.

Real estate in Montenegro

Considering the relatively low real estate prices, Montenegro is becoming increasingly popular for those looking for not only a permanent residence but also a second home or investment property. The indescribable atmosphere of this country, its rich cultural heritage, and beautiful natural landscapes create unique conditions for living and relaxation.

Final thoughts

I look forward to revisiting this amazing country and enjoying its beauty, and I hope that more and more people discover Montenegro as an ideal place to vacation and live.