88 LUXURY HOMES
MONTENEGRO ’ S SKI CAPITAL OFFERS NEW RESIDENTIAL INVESTMENT OPPORTUNITIES
Development of second homes to date has been focussed mainly on the coast but now there are some exciting investment opportunities opening up inland in Montenegro ’ s ski capital and fastest growing city , Kolašin .
Terra Homes is developing a peaceful and sustainable sanctuary of new homes in the city , that has recently received international recognition .
Since the country was given NATO ’ s membership in 2016 , the real estate sector in Montenegro has seen unprecedented growth due to a surge of foreign investments . There is a low supply and a growing demand for luxury real estate properties with investors able to benefit from many tax incentives * and an attractive return on investment .
Buying a property also entitles the foreign owner to a temporary residence permit if there is an intention to stay for more than 90 days with the right for a permanent residency after 5 years . And there is exciting news ahead with the possibility that in 2027 , Montenegro will join the EU .
In breath-taking Kolašin , Montenegro ’ s vibrant mountain city , there has already been huge investment into tourism with a further € 700M planned . With spectacular mountain views and access to 45km of world-class ski trails , this location defines natural beauty .
Terra Homes in Kolašin is the latest award-winning real estate investment opportunity by Ena Capital . Just eight , two-bed and three-bed eco-friendly properties make up this secluded sanctuary immersed in an unspoiled environment , prices start from € 750,000 . The modern villas encompass a country home feel and seamlessly blend sustainability with contemporary finishes through stylistic features such as exposed concrete , panel wall décor and an open wooden rafter system , adding character and warmth .
THE ART OF LUXURY ISSUE 67 2024