Real estate of Spain, Italy, Montenegro and Cyprus - the most popular countries in Southern Europe. The main trends of 2023 and forecasts for 2024.
January 24, 2024
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Our partners - realtors and developers – have told us about the main trends in the real estate markets and have shared with their forecasts for 2024. This article contains insights from professionals of the most popular countries in Southern Europe.
Spain
Alexander Dashevsky, director of EspanaTour, has answered the questions of Prian.
What were the main trends in the Spanish real estate market in 2023?
We all remember the quarantine in 2020, which had changed the situation in the Spanish real estate market: people were afraid to sell and buy properties; construction companies reduced the number of projects. All these factors have led to such an effect as deferred demand.
The next year showed a huge shortage on the market – the demand had exceeded supply, and, accordingly, prices began to rise rapidly. The offers in new projects were bought up at the construction stage, and the secondary market did not lag behind.
In 2022 financial crisis and inflation arose on the background of instability and conflicts in the world. Many experts predicted that the property market in Spain was going to collapse. But the situation turned out to be quite the opposite! Buyers from eastern and northern European countries began to look for real estate in Spain and invest in the Spanish economy. Therefore, the growth and development of the real estate market continues.
How have prices changed on the Costa Blanca? Has construction started again?
The offers in new buildings are the most liquid and profitable investments. Expensive new real estate is always in demand because there will be buyers for such offers in any crisis. The properties on secondary market cannot always boast of liquidity and, unfortunately, lose value during inflation.
New dwellings in some areas of Costa Blanca have risen in price by 30–60% over the year. In particular, in the city of Benidorm ready-made new houses on the first coastal line have increased in price by 60%. Apartments on the secondary market have risen in price by 15–20%. Benidorm is a developed, beautiful city, and a lot of money is invested in real estate here.
If we are talking about the province of Alicante, the construction of six new huge complexes with developed infrastructure has begun in the popular resort town of Torrevieja, and some offers have already been reserved.
These are excellent cities for investments, where you may save and boost your money.
Benidorm
What changes will happen in Spain in 2024? What are your predictions?
A new law has been introduced in Spain that all real estate agents should have a license. Accordingly, a large number of unprofessional, self-employed agents will leave the market. This means that the number of troublesome transactions, when a deposit was taken, an object reserved, but the documents were not drawn up, will be reduced. Now buyers will turn to real estate agencies, which have licenses, insurance and responsibility for their work.
The laws have also increased the liability of construction companies for the quality of construction and financial operations when deposits are paid at an early stage. This is another important guarantee for the buyers.
According to our forecasts, there will be an increase in property prices on the Costa Blanca by 5–10% in 2024. Therefore, if you were planning to invest in Spain, do not delay this decision.
Examples of real estate in Spain
80 000 €
Flat in Alicante, Spain
85 sq.m432
Credit
Nice apartment in Alicante, 85 meters, close to the center and from the plaza.
All services are nearby, schools, bus. the shops
Sol Costa Blanca
1 220 000 €
Townhouse on Costa Daurada, Spain
270 sq.m
Residence
Spain
Costa Garraf
Townhouse by the beach
Beautiful townhouse on the first line from the beach in a tourist town on the Costa Garraf. The townhouse is in perfect condition, after major repairs using expensive, very high quality finishing materials.
The area of the townhouse is 270 m2: 4 bedrooms, 2 kitchens, 3 bathrooms....
INDOM
6 300 000 €
Shop in Barcelona, Spain
3250 sq.m
The building is located in one of the most prestigious areas of Barcelona, on the famous Gran de Gracia commercial street.
The building has an area of 3,250 sq. m. m consists of 6 floors, including an underground floor.
At the time of registration, a new lease agreement will be signed with the telephone company for a period of 10 years, 5...
NF Group
241 500 €
Townhouse on Costa Blanca, Spain
129 sq.m332
2-storey townhouse in Aguas Nuevas, Torrevieja. Living room, American kitchen, 3 bedrooms, 2 bathrooms, terrace of 6 m2, solarium, private garden of 100 m2. The total area is 129 m2. The complex has a communal swimming pool for adults and children with a Jacuzzi, paddle tennis courts and a parking space.The property is only a few minutes from...
ESTATE BARCELONA
451 000 €
Villa in Torrevieja, Spain
178 sq.m33
3 beds detached villas near the seafront in Los Balcones . Spacious modern-style detached villas with 3 bedrooms with private garden, swimming pool, solarium, basement and car drive in Los Balcones.
These under construction villas include underfloor heating system in the bathrooms, air conditioning preinstalled and communal gardens.
Near...
OLE INTERNATIONAL HOMES S.L.
546 450 €
House on Costa Blanca, Spain
150 sq.m43
Residence
This villa is located in Polop, in a quiet area and with all the necessary services very close. The villa is built on a plot of 800 m² with swimming pool, garden and parking space, has an area of 150 m² and a fully equipped kitchen with furniture and appliances. The house has 4 bedrooms, 2 bathrooms, and solarium with seae from 503.300 €
Mercury Group
2 550 000 €
Villa in Las Colinas, Spain
329 sq.m433
Residence
New luxury villa for sale in Las Colinas This luxury villa is located in a unique picturesque location, on the territory of a nature reserve and a private golf course, just a 5-minute drive from the beaches of Orihuela Costa. This residential complex has security 24 hours a day.It offers an exclusive villa with 3 bedrooms, 3 bathrooms, a fully...
E-Style
695 000 €
Commercial property in Barcelona, Spain
310 sq.m
Commercial premises in the Eixample district in the city of Barcelona.
The total area is 310 sq.m. in one floor.
The tenant is a car service.
The tenant has been working in this room for 60 years.
We are ready to sign a new contract with the new owner on the following conditions.
The rental amount per year is 42,000 euros....
ESTATE BARCELONA
634 000 €
Townhouse in Mijas, Spain
169 sq.m543
ResidenceOnline ViewingRemote Transaction
Stylish Eco-Friendly Villas Near the Sea in Mijas Costa
Mijas Costa is laying out Costa del Sol between Fuengirola and eastern Marbella. The region is recognized as an ideal place for both holidaying and buying a second home on the warm Mediterranean coasts. In the region, it is located to many amenities needed as well as famous golf resorts....
TEKCE
440 000 €
Townhouse in Spain
150 sq.m432
Online ViewingRemote Transaction
Stylish Villas with Sea Views in Rincon de la Victoria
The villas are situated in Rincon de la Victoria eastern town of Malaga. The region has many eye-catching beaches to enjoy the Mediterranean Sea. In addition, it is highly easy to reach daily and social necessities.
The sea-view villas in Rincon de la Victoria Malaga have direct access to...
TEKCE
1 270 000 €
Villa in Finestrat, Spain
133 sq.m645
ResidenceOnline ViewingRemote Transaction
4-Bedroom Detached Villas with Stunning Views in Finestrat, Costa Blanca
The detached villas are situated in Finestrat on the Costa Blanca in Alicante, Spain, known for its hot Mediterranean climate. It's an ideal retreat for those who cherish sunny atmospheres with mild winters and warm summers.
The villas for sale in Finestrat Costa Blanca are...
TEKCE
495 000 €
Villa in La Nucia, Spain
200 sq.m543
ResidenceOnline ViewingRemote TransactionCryptocurrency paymentCredit from 4%Rental property
Villa with a view of the sea and next to the best English college on the coast.
konopleva
255 000 €
Apartment in Torrevieja, Spain
111 sq.m432
Online ViewingRemote Transaction
2 and 3 Bedroom Contemporary Apartments at 800 Meters From the Beach in Torrevieja Costa Blanca
The apartments are situated within walking distance of Playa de los Locos beach, allowing easy access to daily seaside activities. Additionally, Habaneras, a popular open-top shopping center, is only 2,6 km away, offering a range of retail and...
TEKCE
899 000 €
Flat in Madrid, Spain
116 sq.m33
Residence
This meticulously renovated property, situated on the second floor in the heart of Madrid, showcases a harmonious blend of modern luxury and timeless elegance. Boasting a generous expanse of 116 square meters, this property offers a sophisticated living experience with its three bedrooms and three bathrooms, two of which are eny detail of this...
Mercury Group
2 375 000 €
House on Costa Blanca, Spain
54
Residence
Fantastic villa in Costa-Blanca for sale, Spain. This villa is located in a very peaceful neighbourhood. Villa is located right by the sea. Plot of land is 1050m2.
This villa offers you 5 spacious rooms, including bedrooms, bathrooms, spacious living room and dinning room with completely furnished kitchen.
Outside you can find...
Mercury Group
530 000 €
House on Costa Blanca, Spain
4
Residence
For sale a cozy house with panoramic sea views in Spain, Costa Blanca, Alicante. The house was built in 2003 and has a beautiful view of the sea.
On the territory of the house there is a swimming pool. The house has air conditioning, armored door, built-in wardrobes, terrace and garage. Very nice and comfortable house.
Mercury Group
565 000 €
Flat on Costa Blanca, Spain
175 sq.m22
Residence
This luxurious penthouse in Las Colinas Golf is truly remarkable. With a generous 105m2 layout, it features a spacious living-dining area and open kitchen, complete with all appliances. The highlight is the terrace overlooking the communal pool and lush green spaces. The property includes two bright bedrooms and a private solarium with an open...
Mercury Group
2 650 000 €
Villa in Estepona, Spain
508 sq.m433
ResidenceOnline ViewingRemote Transaction
Detached Villas with Private Lifts in a Sought After Area of Estepona
This new project is located in the municipality of Estepona. Situated along the picturesque shores of Costa del Sol in southern Spain, Estepona boasts a diverse range of properties. Also, with its stunning beaches, mild climate throughout the year, charming old town, and lush...
TEKCE
689 000 €
Penthouse in Calp, Spain
316 sq.m433
ResidenceOnline ViewingRemote Transaction
Seaside Apartments in the Coveted Calpe Costa Blanca Area
Situated within the charming town of Calpe, within the northern expanse of Alicante province, these apartments enjoy a prime location within the highly sought-after Costa Blanca region. This area is renowned among both locals and international visitors for its exquisite beaches,...
TEKCE
1 699 000 €
House on Costa Blanca, Spain
449 sq.m44
Residence
This contemporary villa seamlessly integrates with the picturesque Mediterranean surroundings, inviting nature to become an integral part of the living experience. The house exudes purity, achieved through carefully chosen materials, textures, and colors that harmonize with thead across three floors, the villa boasts:4 Bedrooms4...
Julia Kozyreva, owner of AB Property, has answered the questions of Prian.
What were the most memorable events in the Italian real estate market in 2023? How did the prices change?
The speed of sales and the number of remote transactions have increased. The growth of mortgage rates, which began in 2022, has continued (from 1.5 to 4.5%), the share of foreign buyers has increased due to relocants.
Real estate prices began to rise in 2022, and there was a shortage of liquid, inexpensive real estate. However, due to the increase in mortgage rates, there were no sharp price spikes shortage of supply on the market.
The average sales prices (statistics based on prices declared by sellers) in Italy have recorded an average increase of 2% over the year.
There was a slightly less increase in property prices – by 0.3–1.5% – in the regions of Valle d'Aosta, Piedmont, Liguria, Tuscany, Marche, Umbria, Abruzzo, Basilicata, Calabria and Sicily.
The prices have slightly decreased in Lazio and Campania.
The regions where the price growth was higher than the national average are: Veneto, Friuli Venezia Giulia, Emilia Romagna, Molise, Puglia and Sardinia. Particularly notable are Lombardy and Trentino-Alto Adige, where the average price increase has turned out to be more than 5%.
Tropea - a small town in the Calabria region
What are the changes in demand - who is buying, who is selling?
There are more foreign buyers who are looking for a property for permanent residence and investment options that may provide good profits.
There are no changes in the structure of sellers; there are mainly offers of housing that was inherited, unused, or when people want to change their place of residence or living conditions.
How might the real estate market change in the near future? What do you expect in 2024?
Despite all the disturbance in recent years, the Italian market is stable. We do not predict an increase in prices, but we expect an increase in the speed of property sales.
Properties with the right price-quality ratio are being sold with unseen ever before speed on the Italian market, and this will be a key characteristic of 2024.
Examples of real estate in Italy
2 000 000 €
Villa in Italy
250 sq.m8
Tuscany
Grosseto AnsedoniaMonte Argentario
Duplex villa with panoramic sea views
Distance to the sea 300 m
Area 250 m2:3 living rooms, 2 kitchens, 5 bedrooms, 5 bathrooms,
terraces with sea views.
The villa is divided into 3 apartments of 80/90 m2 each
Very beautiful garden of 1100 m2
Autonomous heating
Energy efficiency class: G...
INDOM
2 700 000 €
Villa on Lake Garda, Italy
160 sq.m43
Menerba del Garda, RIGHT ON the shore of the LAKE, with access to a private beach, Villa with a pool on the territory of a park of 4000 sq. m., planted with olive trees, consists of: entrance, large living room with a window that offers a magnificent view of the Lake, separate kitchen, 2 single rooms, 2 bedrooms with double beds and 3 bathrooms....
GH Estate
760 000 €
Flat on Lake Como, Italy
60 sq.m11
Prestigious apartment located in an elegant and luxurious complex, in the famous medieval castle "Villa La Gaeta".
This fabulous property is surrounded by a well-maintained and elegant park with an area of more than 6000 sq.m. and has its own beach.
The castle was used to shoot some scenes of the movie "Casino Royale".
The apartment we...
GH Estate
Price on request
Apartment in Milan, Italy
93 sq.m22
We offer for purchase an excellent two-bedroom apartment with an area of 93 sq.m., located on the top floor of an elegant palazzo built by a significant architect in Milan. The house overlooks a small picturesque square of the Brera district.
From the hallway you pass into a spacious living room with a combined kitchen. The thoughtful choice...
Palazzo Estate
1 450 000 €
Villa in San Remo, Italy
217 sq.m633
Online Viewing
City: Sanremo
Streetagnan
Sqm: 217 (cadastral area)
Floors: 4 levels
Year of construction: 2011
Heating: self-heating
Monthly expenses: there are no condominium charges
Type: Villa with land
View: panoramic view of the sea
Outside spaces: porches and 3 terraces
Exposure: east / south / west
Garden: yes, 3000 sqm
Swimming...
Immobiliare Europa Sanremo Srl
4 000 000 €
Villa in Rosignano Marittimo, Italy
400 sq.m54
In Tuscany, in the refined context offered by Livorno's coast, there is this prestigious estate for sale. This villa measures 400 m2 and offers a spectacular view of the crystal-blue sea. It is composed of a bright and welcoming hall, a kitchen, and two bedrooms with bathroom on the ground floor. On the first floor you will find a room with a...
Lionard Luxury Real Estate
Price on request
Apartment in Viareggio, Italy
400 sq.m32
This luxurious sea-front penthouse is for sale in the renowned seaside town of Viareggio, on the Tuscan sea. A bright and spacious entrance hall leads us into an elegant living area, and is connected through a modern glass staircase to a comfortable glazed mezzanine, home to a relaxation area with a view of the sea. This luxury apartment...
Lionard Luxury Real Estate
395 000 €
House in Castiglione del Lago, Italy
382 sq.m101
In the municipality of Castiglione del Lago, a few steps from the services, we find Casale del Fiore, which is on 3 levels. On the first level, there is currently a commercial area with two rooms, an entrance hall, a bathroom and an office room. An external staircase leads to the second level.
The second and third levels are unfinished and the...
Great Estate
570 000 €
Villa in Capalbio, Italy
150 sq.m333
A recent villa of 150 m2 located only one km from the wonderful Macchiatonda beach is for sale.
On the first floor there is a living-room with access to a porch, a kitchen with a small fireplace, and 3 bedrooms (one of them with additional access to the patio). A staircase leads to the basement – a fully equipped room with services.
On the...
Palazzo Estate
720 000 €
Apartment in Milan, Italy
117 sq.m432
NEW BUILDING!
The deadline is autumn 2023.
Payment in installments.
There are only three apartments left!
The sale of the entire complex took place in a record two months!
MARTESANA NAVIGLIO
The construction company began the construction of a residential complex in a six-storey building with 2,3, 4-room apartments with basements and...
Alisa Estejt
250 000 €
Townhouse in Nesso, Italy
500 sq.m1076
We propose a property which is an old manor house with characteristic stone walls, with adjoining garden and the possibility of building a swimming pool.
The house is ideal for a recovery project, for the construction of a private residence or a perfect tourist accommodation solution.
The recovery project includes the construction of 7...
Palazzo Estate
8 850 000 €
Villa in Salerno, Italy
5500 sq.m2836
This luxurious resort for sale with a stunning 18-hectare park that includes a bio-farm is the ideal starting point to visit the beautiful Cilento area and the Amalfi Coast. This charming resort is a renovated 5,500-sqm 16th-century building that has preserved its original beauty and currently houses 28 elegant en-suite bedrooms, designed with...
Lionard Luxury Real Estate
490 000 €
Villa in Santa Marinella, Italy
234 sq.m43
detached two-storey villa of 234 sq m with private elegant garden of 400 sq m.
just few steps from the sea
good connection with Rome
on the ground floor: living room, large kitchen-dining room with dining area, another room, bathroom, toilet, laundry room;
on the first floor three large bedrooms, each with its own internal bathroom, a...
Real Casa Italy
48 000 €
Flat in Scalea, Italy
95 sq.m321
Remote Transaction
Scalea, Calabria region (Italy) is one of the most popular resorts on the Tyrrhenian coast. Enjoy the freshness of the sea breeze and the splendor of southern nature every day! An apartment in Italy will become a matter of your pride, a wise business decision, and thanks to the ideal climate, excellent living conditions and a favorable economy....
Gabetti
55 000 €
Apartment in Scalea, Italy
48 sq.m321
Online Viewing
Just 1.5 km from the beach and the city center, we offer for sale a comfortable two-bedroom apartment on the ground floor with a private courtyard and a separate entrance, with an area of 48 sq.m., consisting of a living room with a kitchenette, a large paved courtyard of 36 sq.m. with a shower and an outdoor sink, the apartment consists of:...
L'ARCO IMMOBILIARE
Price on request
Villa in Sassari, Italy
480 sq.m1166
Splendid newly built villa with direct access to the sea and private pier in La Maddalena. The construction work was completed in 2022 and has been realised with luxury finishes and the latest energy-saving technologies. The villa is built on a plot of over 8,000 square metres, which is partly cultivated as a garden and partly as Mediterranean...
Great Estate
Price on request
Farm in Florence, Italy
2150 sq.m1010
This prestigious farm in full production is for sale in the tuscan countryside, with 160 hectares of grounds that include a 24-ha vineyard that produces about 2,000 bottles per year. This luxurious property measures 1,500 sqm and includes three residential units and an outbuilding. This prestigious farm is in an authentic Tuscan style with...
Lionard Luxury Real Estate
4 500 000 €
House in Cipressa, Italy
800 sq.m65
Great opportunity to buy a luxury villa near San Remo. Luxurious villa near the sea with panoramic views. An area of 800 sq. m.
The villa has 6 bedrooms and 5 bathrooms. Land area of 3.3 hectares. English lawn, swimming pool and outdoor evening lighting.
The property is fully fenced, equipped with a security system with surveillance cameras...
Mercury Group
550 000 €
House in Citta della Pieve, Italy
322 sq.m843
A few steps from the centre, the property overlooks the enchantment of the ancient village of Città della Pieve. The property, built in the 2000's in perfect condition develops a surface area of approximately 190 sqm spread over 2 floors and internally arranged as follows, on the ground floor: consisting of a large and welcoming double living...
Great Estate
3 700 000 €
Villa in Agrigento, Italy
410 sq.m66
Located on Lampedusa, Italy's enchanting island, this luxury seaside villa offers a rare chance to own a piece of paradise in the Mediterranean. With a main villa and annex, totaling 410 sqm, it provides comfort and privacy with breathtaking views. Surrounded by nature, it boasts a 2,000 sqm garden and pool, steps away from pristine beaches....
Anton Shamarin, managing partner of Value.One has answered the questions of Prian.
What do you remember about 2023? What important events have influenced the real estate market in Montenegro?
From January 1, 2024, the Real Estate Turnover Tax Law comes into force, introducing a progressive scale and increasing tax rates. This law applies only to properties on the secondary market, since transactions with new buildings are not subject to this tax.
Purchasing real estate directly from the developer will become more attractive, and changes will have a negative impact on the secondary market, which may lead to a gap between prices in these two segments.
The law will only affect expensive real estate, and for properties in the price range of up to €150 thousand, the tax will remain unchanged. The buyers are poorly informed about the upcoming changes, so this does not affect their behavior in general.
Other key trends
The Draft Law on Real Estate Brokerage is in the active phase of adopting (was submitted to public hearings)
There is an active development of the real estate markets of ski resorts – Kolasin, Zabljak
There are first cases of RWA- tokenization in the real estate market: the arrival of international platforms, the formation of infrastructure and the emergence of the first players in the market for tokenization of real estate in leading development projects in Montenegro
There is a lack of offers in new projects
How did demand and prices change in 2023?
The prices have increased compared to 2022 across the whole country. The main reason is the continuing influx of buyers from overseas, as well as inflation and a small number of offers on the primary market.
We are seeing strong demand from the citizens of the Russian Federation and Ukraine, as well as countries of Central and Western Europe. Domestic and regional demand has also picked up.
The buyers’ priorities have changed: there are fewer requests for resort housing, and more for permanent residence and investments. The clients are also interested in land plots.
Kotor, Montenegro
What are your predictions for 2024?
I think that there will be a huge gap in prices between the primary and secondary markets due to the adoption of a new law on real estate turnover tax.
I expect further growth of prices and activity in the new housing segment.
I also think that distant areas from the coast - Podgorica and ski resorts - will develop rapidly.
The trend that began in 2023 will probably continue – we expect the development of the real estate tokenization segment and first transactions based on blockchain technology.
It is very likely that the Law on Real Estate Brokerage will be adopted and compulsory licensing of agents will be introduced.
This will lead to a reduction in the share of the shadow economy and increase the transparency of the real estate market. Accordingly, the risks for buyers will be significantly reduced.
Examples of real estate in Montenegro
315 000 €
House in Budva, Montenegro
245 sq.m5
Residence
The house is on 3 floors
1st floor and half of the 2nd floor - living room, kitchen + dining area, corridor, small bedroom, wc + two bedrooms with bathrooms.
The other half of the 2nd floor is an apartment with a kitchen, bathroom and balcony. Separate entrance.
3rd floor - two apartments with a living room, bedroom, terrace, kitchen. Each...
Real Estate & Building Company «ADRIATIC SEA EXPERT»
830 000 €
Commercial apartment building in Budva, Montenegro
440 sq.m
The first half (old) is on two levels, the first floor and the second floor are 130 sq.m
. 1st floor: kitchen with dining area, living room and bathroom.
2nd floor: three bedrooms and a bathroom.
The second part is a house (new) apartment type - 4 levels, 310 sq.m., 6 studio apartments
1st, 2nd, and 3rd floor have two studio apartments, an...
Real Estate & Building Company «ADRIATIC SEA EXPERT»
360 000 €
House in Dobra Voda, Montenegro
196 sq.m8
Residence
№ 4687. Dobra Voda, a new house of 196 sq m, consists of three floors, a tiled courtyard, a summer kitchen, a TV refrigerator. On the ground floor there are two bedrooms, a living room and a bathroom, air conditioning, oven, LCD TV, all new kitchen appliances and fittings. The second floor consists of four apartments, each with a kitchenette,...
Real Estate & Building Company «ADRIATIC SEA EXPERT»
320 000 €
House in Dobra Voda, Montenegro
135 sq.m3
Residence
№ 4950. Good Water (upper part).
On an excellent flat plot with an area of 5024 sq m (50 acres), three buildings (listed in the cadastre):
a house of 81 sq m, when performing cosmetic repairs - ready to move in;
the house is 54 sq m , when performing cosmetic repairs - ready to move in;
auxiliary structure.
Electricity - two meters, one for each...
Real Estate & Building Company «ADRIATIC SEA EXPERT»
112 000 €
Flat in Becici, Montenegro
86 sq.m2
Residence
№ 5410. Urgent sale!
Area 86 m2
The sea is 500 meters away
Two-bedroom apartment in Becici, Queen of Montenegro hotel district.
A spacious terrace with a beautiful view of the sea and the olive grove.
The apartment is fully furnished and equipped with appliances, used only for recreation.
It consists of 2 bedrooms, a spacious living room...
Real Estate & Building Company «ADRIATIC SEA EXPERT»
370 000 €
Villa in Montenegro
225 sq.m5
Residence
The object code is 1.25.728.6731
Unique luxury villa - a pleasant combination of harmony of ecology and convenience
For the first time in Montenegro, wooden log houses with luxury finishes and panoramic sea views. Luxury homes are produced in the United States by the company "The Original Log Cabin Homes" (North Carolina)
Wooden log cabins are...
DOO TradeGoria
315 000 €
House in Muo, Montenegro
104 sq.m3
Residence
The object code is 1.26.11.7438
The house is located in the village . Muo, 1.5 km from the Old Town of Kotor.The house was built in 1994, consists of two separate apartments.On the ground floor there is an apartment with 1 bedroom, a kitchen-living room, a terrace and a bathroom of 32 m2.An external staircase leads to the second floor, where...
DOO TradeGoria
48 000 €
Land in Zabljak, Montenegro
600 sq.m
The object code is 1.27.15.11075
Plot - 600 m2
District -RAZVRŠJE
To the Zabljak cent - 1900 meters
The ski center is 3500 meters away
Paved road, electricity and water are supplied.
Price 48,000 euros
DOO TradeGoria
170 000 €
Flat in Budva, Montenegro
108 sq.m2
Residence
The object code is 1.30.13.11178Budva.
At an excellent price, an apartment of 108 sq.m. is for sale, in proximity to the city center, near the Taboo cafe, located on the 4th floor.
Developed area, near the school, also in close proximity there are various shops, restaurants, a station.
Apartment with two bedrooms, two kitchens, two...
DOO TradeGoria
95 000 €
House in Ulcinj, Montenegro
70 sq.m2
Residence
The object code is 4.29.11.11970
One-storey house with a large plot in the center of Ulcinj.
The area of the house is 70m2.
The plot area is 450m2.
The structure of the house: entrance hall, two bedrooms, kitchen, living room, bathroom.
Communications: city water, electricity, city sewerage.
The house is located in the city center.
Convenient...
DOO TradeGoria
35 000 €
Land in Sutomore, Montenegro
356 sq.m
The object code is 4.25.15.12026
Plot of land with sea view in SutomoreUrbanized land plot of 356m2 in Rutke district in Sutomore.Paved driveway to the site. Near the plot there is electricity, water, Internet. Construction is allowed.Sea and mountain views.The distance to the sea is 2500 meters.35,000 euros
DOO TradeGoria
1 650 000 €
Hotel in Petrovac, Montenegro
600 sq.m
Online Viewing
DescriptionMini-hotel in the center of Petrovac with 13 rooms with a beautiful landscaped area and a swimming pool, just a 5-minute walk from the beach. Mini-hotel area - 600 m2 Plot area - 555m2 The hotel consists of 1) One bedroom apartments - 50 m2 Large living room combined with kitchen, bedroom, bathroom and terrace. The apartment has...
My name is Alexander, ask me your question, availability and prices need to be clarified on the date of the request! TWO BEDROOM APARTMENT IN A PICTURESQUE LOCATION IN BUDVA!! AREA: 51 m2 LOCATION: MONTENEGRO: BUDVA: LAZI PRICE: 189,000 euros LEGAL SUPPORT OF TRANSACTIONS Residence permit (residence permit) Mountain, city and sea views...
CULTURE REAL ESTATE
120 000 €
Flat in Becici, Montenegro
40 sq.m1
Residence
The object code is 7.30.13.12304
The apartment is located in the Becici Sunset complex, 600 meters from one of the best beaches in Montenegro - BeciciThe area is 40 m2, the 3rd floor of the building has an elevatorLayout - kitchen-living room, bedroom, bathroom and terrace with sea and mountain viewsThe apartment is fully furnished and...
DOO TradeGoria
350 000 €
Flat in Kolasin, Montenegro
73 sq.m211
Residence
Situated among the breathtaking landscapes of Montenegro, at the foot of the majestic Mount Bjelasica, between the town of Kolasin and the Kolasin 1450 ski center, the project is a premium complex with ten chalets, embodying the perfect fusion of natural splendor, exceptional quality of development and a host of luxurious features.
Each...
Mercury Group
200 000 €
Land in Herceg-Novi, Montenegro
300 ares
ResidenceOnline ViewingRemote Transaction
ID 691 For sale a developed plot with a house in Herceg Novi in the Sutorina area. Located in the mountains next to the Lucici Village complex.
The area offers impeccable views of the city and the sea.
Plot 300 m2
Equipped garden 100 m2
House 80 m2
Cost 200,000 euros
Peters Group Real Estate
292 500 €
Flat in Becici, Montenegro
71 sq.m22
Residence
Apartment for sale in Becici in a new residential complex on the 4rd floor.
The complex is located 500 meters from the sea.
Apartment area: 71 m2.
For residents of the complex there is a swimming pool, a small spa center, as well as a management company. The residential complex has parking, you can buy a place. The house has an elevator with...
Mercury Group
158 600 €
Flat in Becici, Montenegro
61 sq.m2
ResidenceOnline ViewingRemote Transaction
ID-1619 Two-bedroom apartments for sale in an exclusive residential complex under construction in Becici. The residential complex is located just 300 meters from the sea, offering you a beautiful view of the Adriatic Sea.
Number of bedrooms: 2
2 - 5 floor
House with elevator
Area from 61 m2 to 62 m2
It is possible to buy underground...
The villa is located in a complex of 2 villas located on the Montenegrin coast of the Adriatic Sea, within walking distance from cozy beaches, surrounded by olive trees and majestic cliffs. The place is equidistant from the extreme ends of the Montenegrin coast. The resort town of Budva, which is the center of Montenegrin beach tourism, is...
Belyj Slon
462 150 €
Villa in Herceg-Novi, Montenegro
128 sq.m33
Residence
Two-storey villas for sale in a complex under construction in the picturesque village of Podi, Herceg Novi municipality.
The villas are built from high-quality materials on an earthquake-resistant frame, with hydro- and thermal insulation, external thermal insulation of walls and roofs, and a ventilation system. Parapet radiators connected to...
The year 2023 has brought legislative changes on the market.
Firstly, the rules for obtaining a permanent residence permit have changed. The positive effect is that the program continues to exist. The negative one is that the rules for participation in the program have changed, and some applicants no longer meet the requirements.
Secondly, the rules for calculating VAT have changed. Despite the fact that the amendments were adopted this year, we will feel the consequences only after several years, when the entire stock of the real estate that does not fall under these changes will be sold.
Thirdly, the requirements for naturalization have changed: highly qualified employees who live in Cyprus may obtain citizenship after four years of residence. This will have a positive effect on the market.
All these events affect the demand for real estate. Some of them had a limiting effect on buyers, as I noticed - these are the new rules for obtaining permanent residence.
We do not yet feel any changes regarding VAT, but the amendments to naturalization will have a positive effect.
How have prices in the main locations changed?
The prices are rising in the most popular locations. Of course, the price growth in 2023 was not as high as in 2022.
This is primarily due to increased demand. 2022 and 2023 have brought high activity on the market in terms of transactions.
The cost of building materials continues to rise, which also affects prices.
Ayia Napa, Cyprus
How did demand change in 2023?
In 2023 we have noticed an increase in interest from customers from Israel, Germany and Austria.
What are your predictions for 2024?
It is a thankless pursuit to make forecasts in our unstable times. Based on the data we have and the changes in legislation that have already been implemented, I assume that in 2024 we will have a new large-scale category of clients.
We will see more interest in purchasing property from those people who have already moved to Cyprus. These are mainly young professionals who live here with their families and are now renting housing.
Due to to the prospect of obtaining citizenship rather quickly, they will have an incentive to stay in Cyprus for a long time, put down the roots, and buy a home. Plus, they have already developed a sufficient base to get a mortgage.
I think that relocants who are interested in a Cypriot passport will become another large segment of real estate buyers.
Examples of real estate in Cyprus
640 000 €
Villa in Paphos, Cyprus
174 sq.m432
Residence
Invest your money profitably!
We offer for sale a luxury maisonette (172.84 m2) with 3 bedrooms, which is located on a plot of 113.9 m2 in Paphos, Cyprus, in the very center of the tourist area, within walking distance from the sea.
The residence is ideally located, offering easy access to a variety of services and attractions, Blue Flag...
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