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(fr) FrançaisProperties for Sale in Kotor, Kotor, Montenegro
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2153 sqft
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Real estate in Kotor
The coastal region of Montenegro is renowned for its captivating natural beauty and the ancient city of Kotor, which draws many international property buyers and investors. If you've ever dreamt of owning a home or an apartment in a location steeped in history and enveloped by the enchanting serenity of the Adriatic Sea, then Kotor should be on your radar. The city, situated on a secluded bay and adorned with old stone houses and fortresses, has justifiably earned the nickname "City of Stone and Sea" due to its remarkable architecture and stunning coastline. Before reaching out to a local real estate agent, take some time to familiarize yourself with the region's property market. Explore what kinds of properties are currently available in Kotor, and gain an understanding of the costs associated with acquiring a holiday home in this extraordinary locale. The city's diverse real estate portfolio includes everything from charming medieval stone houses nestled within the old town's narrow winding streets to modern apartments offering breathtaking views of the bay. Boasting a delightful combination of natural beauty, historical significance, and a tranquil lifestyle, Kotor represents a truly unique and premium destination for real estate investment.
Kotor properties: Market trends overview
The Kotor real estate market has seen consistent price appreciation, making it a prime area of interest for foreign investors and home buyers, particularly those from Russia, Western Europe, and the United States. Kotor's prime location on the Adriatic Sea enriches life by merging tranquil living with a lively vacation-like atmosphere owing to its numerous sports and recreational facilities, and its proximate access to the buzzing city of Budva. The captivating coastal city of Kotor, with its rich cultural history and superior quality of life, is a destination that beckons. Over recent years, local authorities in Kotor have ramped up the city's development, offering a wide range of property choices to local and foreign home buyers. These include state-of-the-art apartments, townhouses, villas in contemporary architectural designs, traditionally styled homes, and plush penthouses. Discovering real estate properties and apartments for sale in Kotor, Montenegro, to match various budgets and lifestyle desires is straightforward, making this UNESCO World Heritage Site one of the most accommodating for foreign buyers.
Average price of a property for sale in Kotor
How much can you expect to invest for a property in Kotor, Montenegro? Like with any property market, there is no concrete response to this question due to a multitude of factors that affect the price. These factors include the type of property, its closeness to the UNESCO-protected Old Town and the Adriatic Sea, available facilities, and individual preferences such as luxury features, size, accessibility, and so on. Present data reveals that the peak asking price for properties for sale in Kotor was around €2,845 per square meter. This peak price is typically associated with properties located in the historic Old Town region of Kotor. On the other hand, the more affordable areas, with an average cost per square meter at about €2,100, are typically found in the Dobrota-Risan regions. The average listing price for a home in Kotor hovers around €610,500. Therefore, while these figures provide a general guide, the final cost of a Kotor property can greatly differ based on the specifics mentioned earlier.
Types of properties can you find in Kotor
Kotor, Montenegro, provides a vast array of real estate options, such as modern apartments, exclusive penthouses, high-end homes situated by the sea, and traditional Montenegrin houses. The premier properties for sale can be found within secure residential communities. Here, one can find homes with 3-4 bedrooms and spacious balconies. It's also possible to find two-story properties, each level having its own entrance, expansive balcony, and individual kitchen. Alternatively, one might consider a newly-constructed villa located within a prime location in Kotor, overlooking the breathtaking Bay of Kotor. With the picturesque beach just a short stroll away, these properties provide a perfect blend of convenience and luxury, making Kotor an ideal place to settle down.