Becici - Budva - Kotor

Sveti Stefan is a picturesque village nestled on an islet on the Adriatic coast of Montenegro. The island itself is a historical sight, once a fortified village dating back to the 15th century, now transformed into a luxury resort. Nearby, lie the centuries-old Podmaine Monastery and the Praskvica Monastery, tell-tale signs of the area's enriching and varied history. Surrounded by the Budva Riviera to one side and the formidable Dinaric Alps to the other, Sveti Stefan offers an intoxicating blend of historical charm, high-end living, and stunning natural beauty.

The Property Market in Sveti Stefan

The real estate market in Sveti Stefan is typically stable, enjoying sustained interest from affluent buyers from across the globe, prioritizing luxury and exclusivity. While this picturesque region has a limited supply of luxury homes and apartments due to its geographical layout, demand invariably matches the supply, thanks to the area's unwavering appeal amongst upscale property buyers.

Political and Economic Stability

In general, Sveti Stefan enjoys a stable political and economic situation, which further bolsters the property market.

Costs Associated with Buying a Property

When acquiring a property here, buyers can expect to pay an average of 3% in real estate commission. Sellers also pay around the same rate. Additional costs to factor in include a transfer tax of 3%, notary fees, and potential expenses related to construction inspection or legal services.

Ownership and Capital Gains Tax

There is a wealth tax on private property ownership in Sveti Stefan, with rates varying based on the property's value. The profit of selling a private home used as a main residence is tax-free, but selling a second/vacation home is subject to capital gains tax.

Mortgage and Financial Considerations

The ratio between domestic and foreign capital and income plays a crucial role when applying for a mortgage in Sveti Stefan. The maximum mortgage one can expect to get would be approximately 70% of the property's purchase price.

The Luxury Lifestyle of Sveti Stefan

Sveti Stefan is renowned for its upscale lifestyle, with luxury homes located along the beautiful coastline. It is accessible by road, with an approximate two-hour drive from Podgorica, the country's capital. The nearest international airport, Tivat Airport, is about an hour's drive away.

Educational and Healthcare Facilities

The area is host to several esteemed educational institutions, including Mediterranean University in nearby Budva. For healthcare needs, the General Hospital and various private clinics in Budva offer reliable medical services.

Sveti Stefan's Exclusive Offerings

Sveti Stefan is located in Budva municipality and is home to a few hundred permanent residents. The islet offers a vibrant and exclusive lifestyle, with luxury shops, world-renowned hotels like Aman Sveti Stefan, and high-quality restaurants. It also boasts of several sporting and outdoor activities including yachting, water sports, hiking, and more.

Infrastructure and Amenities

The infrastructure in Sveti Stefan is well-developed and modern. The islet offers a serene and clean environment, and is enveloped by clear, azure waters, rocky landscapes, and abundant greenery. Its Mediterranean climate draws tourists year-round. The area also becomes a cultural hub during the annual Summer Festival held in Budva, hosting numerous musical, theatre, and art events.