Tivat - Kotor - Luštica

Risan, nestled in the gentle slope of the hill adjacent to the bay of Kotor, brims with an eclectic mix of history, beauty, and rich culture. As the oldest settlement in the Bay, it's rich in Roman and Byzantine architectural treasures like the Roman Villa Urbana with mosaics dating back to 2nd century AD. Geographically focusing on the south-west of Montenegro, Risan is surrounded by rugged mountains and cerulean water, making it a picturesque treat to the eyes.

Current State Of The Exclusive Property Market in Risan

The luxury real estate market in Risan is showing a stable trend. While the supply of upscale homes and apartments is abundant, the demand is not far behind. This offers a multitude of options to prospective buyers and keeps the market competitive.

Political And Economic Scenario in Risan

Being part of Montenegro, Risan enjoys a stable political scenario, built on modern democratic principles. The economy, supported by tourism, real estate, and maritime activities, is also stable and growing.

Real Estate Transactions and Taxes in Risan

On average, both buyers and sellers bear a real estate commission, with the amount being mutually agreed. Additional costs, such as notary fees, legal costs, and transfer tax, should be considered during property acquisition. The Transfer tax on private property is around 3%, while a wealth tax is charged based on the appraised value of the property. Profits made from selling a private residence, whether used as a main home or a vacation property, are subject to taxation. The corporate tax for registered companies is 9%, and income tax for registered residents varies based on income brackets.

Mortgage Requirements in Risan

The general mortgage requirements entail a strong credit history, stable income, and a down payment - typically 20% of the property price. The maximum mortgage amount depends on various factors including income, credit score, and existing debts.

Luxury Residential Areas and Accessibility of Risan

Risan’s luxury properties are mostly located in waterfront sectors, with panoramic views of the bay and mountains - Teuta Avenue being quite desired. It's accessible by road and boasts a competent infrastructure. Risan is about 28 kilometers from Budva, the neighboring metropolis. Both local and international airports like the Tivat Airport are within comfortable driving distance,

Education, Healthcare, and Amenities

Risan provides a congenial environment for education with reputable institutions like the Institute of Marine Biology. For healthcare services, hospitals like the General Hospital "Dr. Jovan Jovanović" are accessible.

Extracurricular Activities and Luxury Lifestyle Services in Risan

Risan is a paradise for outdoor enthusiasts offering sports like sailing, hiking, and beach volleyball. The pedestrian zone along the marina is lined with luxury boutiques and stores. High-quality hotels, such as Teuta Hotel, globally acclaimed restaurants, and vibrant bars contribute to an upscale nightlife.

Cultural and Recreational Attractions

Annually, cultural events like the "Boka Night" and "Fisherman's Feast" are celebrated with great fervor. Renowned museums like the Risan's museum and the Bay of Kotor Museum stand testament to the city's rich heritage. The region's pristine landscape offers scenic splendor while its Mediterranean climate makes outdoor activities enjoyable all year round.

Concluding Thoughts

With its charming mix of historical allure, a stable political environment, promising real estate market, and focus on development, Risan makes for an excellent location for luxury living.