Kotor, Montenegro Confirmed As the 3rd Best Destination to Travel to In Summer 2022
17.06.2022
Live & Invest Overseas is the leading resource for those who wish to live, retire and invest overseas, and they’ve just released their seven best International Destinations for the Summer of 2022, which ranks Kotor, Montenegro in third place.Beaten only by the Turks & Caicos Islands & Madeira, Portugal which finished in first and second place respectively, Montenegro itself has quickly become a destination of choice for Investors and Expats considering the luxury lifestyle, great choice of property for sale, and highly favourable tax rates.
Having dropped all Covid related restrictions, Montenegro is ‘back in business and tourists have already started arriving on it’s shores. Set to continue throughout the upcoming months, it’s a much needed economic boost for a country which relies heavily on this sector, with tourism directly responsible for around 22% of its entire GDP.
Kotor is world renowned historical town and it’s Medieval centre is on the UNESCO World Heritage list, famous for its centuries old fortifications, city walls, Castle and Churches. It’s a hive of activity in the Summer, visited by plenty of tourists from all over the world, including a number of Cruise ships which dock in the harbour. Not only is it worth visiting for the history, but the views are simply outstanding, especially from the top of the Castle, and there are plenty of other activities on offer too including mountain biking, white water rafting, hiking, climbing, paragliding and water-sports. It’s also only a short drive to other gorgeous towns & beaches such as Budva.
If you are looking to Buy your dream home in Montenegro there are no restrictions on foreigners, and the process is relatively straight forward much like other European countries, the purchase tax for re-sales is only 3% & 0% for new builds, corporate and personal tax rates are both 9%, capital gains tax is 9% and most importantly inheritance & pension tax rates are 0%.
Property prices range from bargain apartments at €50,000 to luxury villas of over €1m. The average holiday home will range from €80,000 to €200,000. Speak to CMM Group for further information.
If you’d like to read the full article – you can do so here:
https://www.businesswire.com/news/home/20220531005063/en
Reviews
Just a brief thanks to CMM! I was buying a plot for house construction. They found the best possible options for my inquiry, replied all my questions and made full accomodation till the deal close. Responsible managers, quality service. So greatful to the Company for the job done!
Noah, 15.03.2019 12:13:00
Dear CMM team, just to leave a small feedback on the superjob you've done ! It was not an easy period for us with a child. As we had to sell our home property and decided alternatively buy some nice house at Montenegrin coast. We were truly frightened at the start. My colleague, being your customer, gave a good recommendation, so, we called the office. All the part, covering seach and purchase in Montenegro, was quickly, safe and perfectly done. Good luck and further success and propsperity to the company! Special thanks to Alexander and Snezana for professional approach!
Mariana , 06.03.2019 12:06:00
Always thought that buying property abroad isnervous and difficult task. CMM changed my mindset. I felt support and care in every step: from the first call arranged till receiving the Owner's list. I am also happy about how they make my apartment management. Now, whenever me or my family members come home to Montenegro, I am absolutely confident that my apartment is in the best condition!
Harry, 26.02.2019 12:11:00
Good day! The first time we met professionally organised step by step work with property in the Southern country. It was a nice surprise for me and my spouse. Well-established algorithms helped us to understand country, its particular features, pluses and drawbacks. Professional manager (Petar Kuzmich) helped us to avoid mistaken choice and provided a really wide number of options to choose from. We felt and still do absolutely safe while buying a house. Happy to come across with your company! Will recommend to our neighboors and family friends in first Norway home.
Alice and Andrew, 05.02.2019 12:04:00
As people from the North, we would express our gratitude to CMM team for advice and professionalism! Never met this before dealing with real estate. Perfect job, super-trained experts! Thanks Google we reached you. Now holidays only with CMM! My daughter is in love with Montenegro. Now started to persuade me to buy some flat on the coast. We know to whom to turn for professioanl help now!
Oliver, 23.01.2019 12:08:00
CMM is supergood in diplomatic dealing with all sides. I found the apartment I wanted in Montenegro, though the previous owner was behaving awfully and didn't want to bargain. Your managers somehow managed to agree the acceptable price so that we could start with deal. Professional advice on every step helped me avoid numerous mistakes possible. You have all that a naughty customer needs! Also thanks for the wonderful natures shown and nice coffeeshops/dineries =) Now recommending CMM Group to those planning to move or long vacations in Montenegro. Great management and attitude!
Thomas, 12.12.2018 12:06:00