Becici - Sveti Stefan - Budva

Nestled beautifully amid five rivers and picturesque hills, Podgorica, the capital city of Montenegro, is imbued with a rich history dating back to the Illyrian era. Laden with historical treasures, it boasts landmarks like the Clock Tower, St George's Church, and 'Duklja', the Roman-era town. Strategically located in the central part of the country, it serves as the primary administrative hub. The city's history of diverse cultural influences, coupled with its contemporary charm, make it a seductive destination for luxury living.

Podgorica's Exclusive Property Market

The exclusive property market in Podgorica is currently stable and growing, with a sound balance between supply and demand. Luxury apartments and homes perfectly showcase the opulence Podgorica has to offer. Prospective buyers and investors can confidently navigate this market, buoyed by Podgorica's stable political and economic situation.

Critical Financial Considerations

The typical real estate commission in Podgorica, payable by both buyer and seller, ranges from 3% to 6%. Additional costs, such as transfer tax, realtor commissions, notary fees, and potential construction inspection or legal costs, should be incorporated into your budget. The transfer tax on private property lies around 3%, while the wealth tax on private home ownership is relatively low compared to other European capitals. It's crucial to consult with a local expert or attorney to understand the applicable taxes on the profits from selling a privately owned home or apartment.

Financing Your Luxury Property

The mortgage requirements in Podgorica demand a sound balance between own and foreign capital, with income requirements dependent on the loan amount. The maximum mortgage available would generally be calculated as a percentage of the purchase price, subject to individual assessment and credit score.

Prime Residential Areas

The most prestigious areas in Podgorica, renowned for their luxury residences, include Preko Morače and City Kvart. Both offer excellent accessibility by road and rail, promising convenience and connectivity. Podgorica is well-situated, roughly an hour away from the bustling city of Nikšić and less than 15km from Podgorica airport.

Educational Facilities

From the acclaimed University of Montenegro to primary and secondary schools like OŠ “Sutjeska”, Podgorica offers numerous opportunities for quality education.

The Province and People of Podgorica

Located in the Central Region, Podgorica is home to over 150,000 inhabitants. Its sublime natural setting features the Skadar Lake, Moraca River, and stunning landscapes - providing a tranquil setting for its residence.

Climate and Activities

Podgorica offers a warm Mediterranean climate, with hot summers and mild winters. It also provides endless sporting and outdoor activities such as hiking in the Gorica Forest Park and boating on Skadar Lake.

Luxury Lifestyle and Amenities

From high-end boutiques nestled within the Delta City shopping mall to the Hotel "CentreVille" and "Hemingway Bar", Podgorica offers an array of luxury shopping, hospitality, and nightlife experiences. Yearly cultural and sporting events, like the Podgorica Marathon, add to the city's vibrant atmosphere.

Culture and Health

Art enthusiasts can look forward to exploring the Modern Art Gallery, Centre of Contemporary Art, and Natural History Museum. Access to healthcare is excellent, with clinics such as Clinical Centre of Montenegro and Health Centre Podgorica nearby.

Infrastructure and Amenities

Podgorica's infrastructure includes a well-developed network of roads, railways and a state-of-the-art international airport. The city provides a variety of amenities, from public parks to sports facilities, ensuring a high quality of life for all residents.