Kotor - Luštica - Risan

Nestled along the stunning coastline of the Adriatic Sea, Tivat is a picturesque town in Montenegro with a rich history dating back to the Illyrian and Roman eras. Tivat boasts historical sites such as the 15th-century Buća-Luković Museum & Gallery and the iconic Tivat Archipelago. Geographically located in the Bay of Kotor, the town enjoys a mild Mediterranean climate, making it a perfect year-round destination. Over recent years, Tivat has transformed into one of Montenegro's most exclusive luxury real estate markets, offering an enviable lifestyle to discerning buyers.

Luxury Real Estate Market in Tivat

The exclusive property market in Tivat is currently strong and vibrant, attracting international investors who seek prestigious homes and a sophisticated lifestyle. Demand for luxury homes and apartments in Tivat often outstrips supply, considering the town's limited space and the high-quality developments that continue to unfold, especially around Porto Montenegro and other prime areas.

Political and Economic Stability

Tivat, like the rest of Montenegro, enjoys a stable political and economic environment, which provides assurance to real estate investors. The Montenegrin government's favorable policies towards foreign investors further enhance the market's attractiveness.

Real Estate Costs and Taxes

Buyers in Tivat typically pay an average real estate commission of 3% of the property's purchase price, with sellers responsible for a similar cost. In addition to commissions, buyers should account for a 3% transfer tax, notary fees, and possible legal costs when purchasing property. Montenegro does not impose a wealth tax on private property, but there is a capital gains tax on the profit made from selling a second home or investment property. The income tax for residents is set at a flat rate of 9%.

Mortgage and Financing Options

Obtaining a mortgage in Tivat requires a reasonable balance between own funds and borrowed capital, with banks usually offering to finance up to 70% of the property's purchase price. The specific requirements vary, but evidence of consistent income and financial stability is essential.

Prestigious Residential Areas

Some of Tivat's most sought-after locations for luxury real estate include Lustica Bay, Porto Montenegro, and Kalimanj. These areas offer exquisite properties with stunning views and premium facilities, catering to the affluent lifestyle.

Accessibility and Connectivity

Tivat is well-connected by road, making it easily accessible from major surrounding areas. The town is approximately 90 kilometers away from Podgorica, the capital of Montenegro, and is served by Tivat Airport, which offers both domestic and international flights. Additionally, Podgorica Airport and Dubrovnik Airport in Croatia are within a short drive, providing further connectivity.

Education and Healthcare

Tivat offers quality education facilities such as Knightsbridge Schools International Montenegro and local institutions providing comprehensive learning environments. For healthcare needs, inhabitants can access nearby hospitals and clinics, including the General Hospital in Kotor, ensuring reliable medical services.

Cultural and Recreational Offerings

Culturally, Tivat hosts annual events such as the Tivat Cultural Summer and Purgatorije Festival, adding vibrancy to the town. With lush landscapes surrounding it, Tivat offers a plethora of outdoor activities including sailing, hiking, and water sports. Luxury shopping experiences and fine dining are aplenty, with high-end boutiques and restaurants like One & Only and Murano leading the scene. For an opulent stay, the Regent Porto Montenegro Hotel and The Chedi Lustica Bay stand out as esteemed accommodations.

Infrastructure and Amenities

Tivat boasts a well-developed public infrastructure, with modern amenities enhancing the quality of life for residents and visitors. The town offers reliable utilities, smooth transportation networks, and attractive communal spaces, contributing to Tivat’s status as a prime location for luxury living.