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
320 000 €
House on Costa Daurada, Spain
175 sq.m
Spain
Costa Dorada
G.Segur de Calafel
A house in an elite urbanization
Beautiful two-storey house in excellent condition 1.8 km from the beach in an elite urbanization in Segur de Calafel, Costa Dorada.
Completely flat land plot of 400m2
Year of construction of the house: 2004
Condition of the house: excellent
The house has an...
INDOM
600 000 €
Commercial property on Costa del Sol, Spain
412 sq.m
A room in the center of Marbella
The 412 m2 room can be an ideal place for an office or a shop, thanks to its excellent location – close to the beach and the Marbella landfill.
ESTATE BARCELONA
304 000 €
Villa in Spain
141 sq.m32
Detached Villa in Roda. Luxury villa on the golf course, in Roda. It consists of 3 bedrooms and 2 bathrooms, living room, kitchen, terrace and large garden with private pool. Located next to services, bars and restaurants, supermarket, etc.
OLE INTERNATIONAL HOMES S.L.
224 500 €
Flat in Torrevieja, Spain
135 sq.m432
Quality new production in a great location in Los Balcones, next to Lago Jardin and Hotel Moñse. Choice of 2 and 3 bedroom apartments. Downstairs apartments have a stunning front yard and backyard garden. Upstairs apartments have a full-width roof terrace overlooking the pink salt lake. Stunning 25-meter swimming pool and beautiful plantings in...
Habita International Estates Ltd
5 300 000 €
Villa in Teyá, Spain
870 sq.m79
Online ViewingRemote Transaction
We present for sale a new villa located in the city of Teia on the coast of Maresme (Barcelona is only 30 km away). The house is at the final stage of construction - internal finishing works, installation of equipment, lighting and furniture remained. The house has 3 levels (2 floors and a basement), made of high-quality materials. Magnificent...
NV-COMPANY
445 000 €
House on Costa Blanca, Spain
150 sq.m32
Beautiful villa located 700 metres from the sea, in La Zenia (Orihuela Costa). On a plot of 660 m2, this villa of 150 m2, has 3 bedrooms, 2 bathrooms, independent kitchen, living-dining room, terrace, swimming pool and parking villa has air conditioning and central heating. Close to all kind of services.
Luxury luxury villa with stunning sea views in the city of Altea.
Villa with an exclusive design, living area of 285 sq. m. The three-storey house has four bedrooms, five bathrooms, a spacious living room, dining room and open kitchen, utility rooms, garage for three cars. Large floor-to-ceiling windows are installed throughout the house,...
EspanaTour
329 000 €
Flat in Lloret de Mar, Spain
70 sq.m222
FANTASTIC FULLY RENOVATED APARTMENT, WITH SEA VIEWS AND A FEW METERS FROM THE CALA CANYELLES BEACH The apartment is a fabulous opportunity both for its incredible location, a step away from the beach and the port of Canyelles and for its beautiful finishes.
This apartment has 75 m2, has been completely renovated, both aesthetically as well as...
We present luxury apartments in the city of Altea on the first line of the sea.
Apartment with an area of 240 sq. m. with four bedrooms, five bathrooms, a living room of 80 sq.m., combined with a kitchen and a terrace.
The cost of housing includes: furniture, air conditioning, fully equipped bathrooms with underfloor heating and shower,...
House for sale with an area of 90 m2 and a plot of 340 m2. The house has three bedrooms, two bathrooms, a living room, a separate kitchen with access to the garden, a glazed terrace.
The house is fully furnished and has all the necessary appliances. There are many exotic plants blooming on the plot next to the house.
The object is located in...
EspanaTour
645 000 €
House on Costa Blanca, Spain
150 sq.m33
Residence
Magnificent duplex in a modern style villa for 2 families. It is distributed over 2 floors on a plot of 458 m2 and has 130 m2 covered constructed property benefits from its position, 1.5 kms away from the centre of Moraira-Teulada, overlooking the valley in a well established urbanisation. The duplex comprises 3 bedrooms, 3 bathrooms (en-suite),...
Mercury Group
237 000 €
Townhouse in Alicante, Spain
90 sq.m432
Townhouses for sale in a new complex in La Finca Golf We offer for sale townhouses with 3 bedrooms in a new residential complex with a swimming pool located in La Finca Golf in Algorfa, Costa Blanca.The house consists of a spacious living-dining room, an open kitchen, 3 bedrooms and 2 bathrooms, a garden and a solarium.Algorfa is located on the...
E-Style
625 000 €
Penthouse in Villajoyosa, Spain
100 sq.m432
ResidenceOnline ViewingRemote Transaction
Sea Views Properties in Villajoyosa, Alicante in Costa Blanca Region
This complex is located in Villajoyosa, a coastal town in the Alicante province. This area belongs to Costa Blanca, a Mediterranean region with favorable weather most of the year.
Villajoyosa is a picturesque town with paradisiac beaches and all the services needed for a...
TEKCE
1 040 000 €
Apartment in Casares, Spain
160 sq.m322
ResidenceOnline ViewingRemote Transaction
Luxury Branded Real Estate with the Interiors by Missoni in Casares
The real estate is situated in the Costa del Sol´s municipality of Casares. Casares is an unspoiled and peaceful area nestled between the neighboring municipalities of Estepona and Manilva. The sun-soaked municipality enjoys a mild climate with over 300 days of sunshine...
TEKCE
449 000 €
Villa in Los Alcazares, Spain
132 sq.m432
Online ViewingRemote Transaction
3-Bedroom Detached Villas near the Beach in Los Alcázares Costa Calida
The detached villas are situated in Los Alcázares, a town located on the Mar Menor in the Region of Murcia that enjoys a Mediterranean climate with mild winters and hot summers. If you prefer a warm and sunny climate, this can be a major advantage. The town is known for its...
TEKCE
279 656 €
Commercial apartment building in Sabadell, Spain
218 sq.m
EuropaHome
2 200 000 €
Flat in Madrid, Spain
177 sq.m334
Residence
The apartment, completely designed by the famous Pilar Garcia-Ferrer (@pilsferrer), offers a unique sense of sophistication and style. Upon entering, the impressive and functional hall shows us the carefully thought-out layout of every corner of this house. Non-standard cabinets elegantly organize the space, dividing the house into a social area...
ESTATE BARCELONA
523 000 €
Apartment in Estepona, Spain
112 sq.m432
ResidenceOnline ViewingRemote Transaction
Quality Apartments with Open Views in a Demanded Area in Estepona Malaga
This outstanding project is located in the municipality of Estepona, where they say the future of Costa del Sol lies ahead. It is a picturesque Costa del Sol region that has it all to attract property buyers from all over the world. There are blue flag Marinas, clean sandy...
TEKCE
399 000 €
House on Costa Blanca, Spain
4
Fantastic villa project in process of construction in Costa-Blanca for sale, Spain. This villa is located in a very peaceful neighbourhood right by the sea.
This villa suppose to offer you 4 different rooms.
Outside you can find beautiful garden full of amazing plants, free place for swimming pool, spacious terrace with BBQ space and...
Mercury Group
84 900 €
Bungalow in Torrevieja, Spain
50 sq.m211
Credit
Bungalow for sale in the suburb of Torrevieja,in the cottage village of Torretas III , next to a large commercial center and a healing the salt lake.The area of the bungalow is 50m2: 1 bedroom,1 bathroom,kitchen with laundry room, living room and yard of 50m2 with storage room.Sold with furniture and everyday life.devices.The beach and the...
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
1 250 000 €
Villa on Lake Como, Italy
250 sq.m32
Lenno,A modern new villa in a privileged location in the upper part of the city of Lenno, from which you can enjoy a beautiful view of the lake. The residential area of the property is located on one single floor and consists of:large living room, kitchen, three bedrooms and two bathrooms.On the ground floor there is a huge garage for 4/5 cars,...
GH Estate
550 000 €
House in Collazzone, Italy
334 sq.m1144
Casale Poggio Felice Saragano is a two-century old stone farmhouse for sale in the green heart of Umbria, finely restored while respecting the traditions and the typical materials.
This property is located on a hill at about 450 m a.s.l., with splendid panoramic views and easily reachable from the E45 motorway (7km away).
The farmhouse covers an...
Great Estate
1 650 000 €
Apartment in Ospedaletti, Italy
125 sq.m322
In the quiet residential town of Ospedaletti, with beautiful beaches, warm azure sea, in a prestigious, elegant historical residence (former summer residence of Empress Maria Alexandrovna) with a park, swimming pool, gym, concierge service, video surveillance, we offer for sale a 3-room apartment with a unique residential terrace and stunning...
Immobiliare Europa Sanremo Srl
750 000 €
Villa in Viterbo, Italy
255 sq.m32
This luxury villa with stunning swimming pool for sale is located in the vicinity of Viterbo. This property has two floors, sprawls over roughly 300 m² in total and has been designed with high-quality materials. The entrance hall leads to a spacious living area, which is particularly bright and features cotto-tiled floors and a big fireplace to...
Lionard Luxury Real Estate
3 500 000 €
Villa on Lake Como, Italy
350 sq.m5
A fantastic villa is located in the most charming area of Lake Como. The house has been completely and thoroughly renovated. On the ground floor there is a beautiful veranda with bright arched windows leading to a modern kitchen with a fireplace and a cozy living room. The second floor is designed for a sleeping area. On the ground floor there...
Rentsale
Price on request
Villa in Florence, Italy
980 sq.m77
This prestigious historical estate for sale in Florence's luxuriant countryside has finally come back to its old splendour. Ideal for a pleasant stay, this setting is also strategic to discover the splendid landscapes that characterize the famous Chianti area. Built between the end of the 15th century and the first half of the following by a...
Lionard Luxury Real Estate
1 150 000 €
Villa on Lake Garda, Italy
242 sq.m23
Online ViewingRemote Transaction
In a dominant position on Lake Garda, in Monte Maderno, we offer this exclusive semi-detached villa on three levels.
The property is part of a prestigious residential context and the view from here is incomparable.
On the basement floor we find a handy laundry room, a service bathroom and a double garage with slide and direct access to the...
GH Estate
400 000 €
Townhouse on Lake Garda, Italy
135 sq.m432
Online ViewingRemote TransactionCredit
In a quiet residential area of Rivoltella
available large flat with independent entrance and private garden.
The flat is part of a residence with swimming pool, located on the first floor and is composed as follows:
very bright living area with separate kitchen, two double bedrooms and bathroom with window; on the upper floor there is the...
GH Estate
Price on request
Villa in Vicenza, Italy
1655 sq.m48
In a pleasant residential area on the outskirts of Bassano del Grappa, a charming Medieval town near Vicenza, there is this stunning historical villa with a big park planted with centuries-old trees for sale. Its strategic position, close to Vicenza and the Asolo hills, is ideal for staying in a charming location characterized by tranquility and...
Lionard Luxury Real Estate
1 300 000 €
Villa in San Gimignano, Italy
820 sq.m1111
This wonderful estate surrounded by Tuscany's leafy countryside is for sale between Florence and Siena. This luxurious property includes a perfectly maintained 5000-sqm garden housing a splendid swimming pool with an equipped sunbathing area. This charming estate comprises a main villa and an outbuilding, measuring 820 sqm combined. The main...
Lionard Luxury Real Estate
470 000 €
Hotel in Forte dei Marmi, Italy
640 sq.m60% per year
ResidenceOnline ViewingRemote TransactionCredit 0.7-1.2%Business on sale
A unique chance! Excellent restaurant and prestigious apartment in the most famous elite resort of Italy Forte dei Marmi, 10 minutes from the beach, central historical square!
The restaurant is well-deserved, highly profitable, always among the top five of the coast, while it is located on the most beautiful small historical square in 10...
Private person
660 000 €
Apartment on Lake Garda, Italy
110 sq.m322
Remote Transaction
In Costermano sul Garda, in an exclusive and panoramic position, a delightful three-room apartment is offered within the new 'Residenza Golfo del Garda' residence.
The property unit in question is located on the first floor and in a lateral position, it consists of a generous living area with kitchenette, which thanks to two large...
GH Estate
55 000 €
Townhouse in Campobasso, Italy
80 sq.m422
Online ViewingRemote Transaction
A ready-to-live house with furnishings and a panoramic terrace with beautiful views in the center of a nice town half an hour's drive from the sea and beaches.
For sale a three–storey, stone, city house as if descended from Italian postcards - arched windows, sun-drenched balconies decorated with flowers, stylish furnishings, new appliances...
AB PROPERTY
Price on request
Villa in Marina di Pietrasanta, Italy
500 sq.m3
Magnificent Liberty style villa on the first line of the sea with a swimming pool in Marina di Pietrasanta
This luxurious residence has a total area of 500 sq.m.with its own garden of 1000 sq.m. located just 2 km from Forte dei Marmi and was renovated in 2019
On the ground floor there is a large and bright living room, a spacious kitchen...
ITALCASA
69 000 €
Villa in Scalea, Italy
125 sq.m532
Remote Transaction
If you have chosen the southern coast of Italy, Scalea will welcome you hospitably, where you will spend unforgettable holidays. A vacation in Scalea will be remembered for a long time with its sun, sea, and a walk through the historical part of the city will enrich you with useful information and will remain in your memory with bright memories....
Gabetti
Price on request
Villa in Naples, Italy
310 sq.m73
On the enchanting island of Procida, in the heart of the Gulf of Naples, there is this lavish Bourbon-period estate for sale. Located in a high position overlooking the sea, this two-storey villa measures 310 sqm and offers a 6,500-sqm leafy park. This noble villa is an authentic architectural masterpiece. From the splendid entrance hall, we go...
Lionard Luxury Real Estate
290 000 €
Flat in San Remo, Italy
90 sq.m
Residence
The city of Sanremo
The apartment has a total area of 90 sq.m.
In a magnificent, very elegant context, a two-bedroom apartment for sale consists of: entrance hall, living room, kitchen, two bedrooms, two bathrooms, terrace with panoramic sea views. The property includes a basement, a beautifully planted communal garden with some very popular...
OOO "Sanremo"
4 900 000 €
House in Florence, Italy
1047 sq.m30128
The property is in a semi-hilly position surrounded by a park, olive grove, vineyards and includes, in addition to the main villa, two farmhouses, a private chapel, a swimming pool, a tennis court for an area of about 13 fenced hectares.
The main villa of approximately 824 sqm rises on two levels plus the ground floor and also includes a...
Mercury Group
350 000 €
House in Genova, Italy
173 sq.m532
The house is located in Testana, a picturesque village, part of Avegno, in a green area just 5 km from the sea and the town of Recco. The house is surrounded by a garden with fruit trees, large terraces and a veranda with barbecue and wood-burning oven.
The house has a convenient garage, accessible via an external staircase. The house is...
Mercury Group
350 000 €
House in Montegabbione, Italy
489 sq.m10
The building on four levels is as follows: the basement measures 78 square meters; the basement above measures 298 square meters; the ground floor 182 square meters and the first floor 157 square meters; the internal courtyard is 25 square meters; the garden is 650 square meters. Some rooms have undergone renovation in the last century and...
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
145 000 €
Land in Rezevici, Montenegro
292 sq.m
Real Estate & Building Company «ADRIATIC SEA EXPERT»
198 000 €
House in Bar, Montenegro
240 sq.m
Residence
Real Estate & Building Company «ADRIATIC SEA EXPERT»
175 000 €
Flat in Petrovac, Montenegro
50 sq.m1
Residence
№ 4449. Petrovac - 1 line.
One-bedroom apartment (one bedroom) on the 4th floor.
Consists of: bedroom, kitchen, living room, bathroom, dressing room, terrace with sea view
Real Estate & Building Company «ADRIATIC SEA EXPERT»
400 000 €
Villa in Dobra Voda, Montenegro
320 sq.m12
Residence
The object code is 1.25.728.7249
Villa in the resort village of Dobra Voda, 2 lines from the sea!The villa has 12 fully furnished apartments. It consists of 3 floors, 4 apartments on each.The apartments are presented in two types: exclusive one-bedroom apartments and studios that can accommodate three or four people.There are places for...
DOO TradeGoria
26 000 €
Land in Sutomore, Montenegro
493 sq.m
The object code is 1.25.15.7784Plot in Sutomore
Main Features:
The plot is outside the urban plan zone,
Total area 493m2
Location - Sutomore-Zagradje.
To the sea 900m by road, on foot 10-15 min.
The nearest shop is 1000 meters away
A supermarket is 1500 meters away
The school is 1500 meters away
The kindergarten is 1500 meters away
The...
DOO TradeGoria
600 000 €
Hotel in Montenegro
1124 sq.m
The object code is 1.25.17.8319
For sale a hotel in the Bar riviera, Ratats, with a magnificent view of the sea. The area of the hotel is 1,124 m2, in front of the hotel is a plot on which there is a parking area of 180m2.
The hotel is a 10-minute walk from the beach.
The hotel consists of:
14 studio apartments: of which 6 apartments with 2...
DOO TradeGoria
360 000 €
House in Bar, Montenegro
420 sq.m6
Residence
The object code is 1.25.11.9226
A large three-storey house in Shushan, a bar.
Large three-storey house of 420m2 on a plot of 383m2 in Shushan, Bar. Each floor has a separate entrance. External staircase. On the ground floor there are four studio apartments, a large technical room- a storage room. On the second floor there is an entrance hall,...
DOO TradeGoria
1 150 000 €
House in Budva, Montenegro
285 sq.m4
Residence
Modern villa among greenery just 20 meters from the sea and the gorgeous beach!
In the villa - indoor and outdoor pools
Sauna and Turkish bath
A couple of steps to the sea: 50 meters
The villa offers a wonderful sea view
Parking for cars
The house has three levels.
Transparent glass doors and large panoramic windows provide this...
Monte Condos
127 000 €
House in Utjeha, Montenegro
170 sq.m5
Residence
The object code is 4.25.11.10606
Three-storey house near the sea in Solace, Bar
Characteristics of the house
- the area of a three-storey house is 170 m2
- land area 233m2
On the ground floor there is a living room, a kitchen, a bedroom, a bathroom, a spacious covered terrace and a technical room.
On the second floor, there are four bedrooms,...
DOO TradeGoria
173 000 €
Flat in Bar, Montenegro
84 sq.m2
Residence
The object code is 8.25.13.11414
3 bedroom apartment in the center of the Bar.
7th floor
Area - 76 m2 + 8 m2 terrace.
The apartment consists of 2 corridors, a living room with a kitchen, 3 bedrooms, 2 bathrooms, a pantry and a terrace.
City view, partial sea view.
The windows face south-west.
The distance to the beach is 400 meters.
The...
DOO TradeGoria
75 000 €
Land in Kunje, Montenegro
421 sq.m
7181. Kunye.
Plot of land 421 sq m rectangular shape. It is located below the hotel Vidikovac, the distance to the sea is 400 meters. Panoramic sea view. Plot in DUP - legal construction of an object of any purpose is allowed.
The cost is 75.000 euros + 3% commission to the company, payment in Montenegro.
Real Estate & Building Company «ADRIATIC SEA EXPERT»
157 500 €
Apartment in Igalo, Montenegro
60 sq.m11
Residence
Apartments with a total area of 60 sq.m are offered for sale in Igalo, Herceg Novi.
The room is divided by a plasterboard wall into 2 separate apartments, one of them is equipped with a bathroom, the second has the opportunity to make a second one. Sold furnished.
In front of the entrance there is parking for several cars with an area of 20...
Antarex
119 000 €
Flat in Sutomore, Montenegro
90 sq.m3
Residence
DescriptionWe offer for purchase a duplex apartment with three bedrooms in Sutomore. The area of the apartment is 90 sq.m. 4th floor. The apartment consists of a living room combined with a kitchen, three bedrooms, a bathroom, a corridor and a terrace. Mountain View. Distance to the sea 500 meters. All the necessary infrastructure is located...
Tradegoria Global Estate
165 000 €
House in Bar, Montenegro
126 sq.m5
Residence
DescriptionUrgent sale.
House in the vicinity of Bar, Popovichi place, distance to the sea 2 km.
It has 2 floors with an area of 126 m2, with the possibility of adding a 3rd floor. On a plot of 527m2
+ separate entrance to plot 70mts2.
The house has 5 bedrooms, living room, kitchen, dining room, hallway,
2 bathrooms, terrace - on each...
Tradegoria Global Estate
3 150 000 €
Apartment in Herceg-Novi, Montenegro
382 sq.m33
Three-bedroom duplex of 382 m2 with the sea view in Portonovi Village Residences, Herceg Novi. The apartment consists of a spacious open-plan living room with a dining area and kitchen, three bedrooms, three bathrooms, and a terrace with promenade view. A private infinity swimming pool of 20 m2 is located on the rooftop terrace with sea and...
Sotheby's Montenegro
180 000 €
Flat in Bar, Montenegro
69 sq.m2
Residence
The object code is 1.25.13.12262Discover the perfect combination of comfort and convenience in our apartment, located on the 4th floor in a prestigious area, next to the Yugoslavia School. This exclusive property offers a spacious living area of 69 m2 with two cozy bedrooms, ideal for both family living and work from home. An additional bonus is...
DOO TradeGoria
570 000 €
Villa in Tivat, Montenegro
324 sq.m1265
Residence
LUXURY VILLA NEAR GOLF COURSES
LUXURY VILLA WITH A TOTAL NET AREA OF 342 M2, ON LAND OF 391 M2. Just a few dozen meters from Lustica Bay, the largest and most luxurious settlement of its type in Southeastern Europe, with an investment value of 1.1 billion euros, with 7 kilometers of coastline, two marinas, a golf course signed by Gary Player,...
Private person
9 845 000 €
Villa in Kumbor, Montenegro
522 sq.m
ResidenceOnline ViewingRemote Transaction
ID 1450
⠀
One&Only villas for sale in Herceg Novi Herceg Novi, Kumbor, Portonovi
Number of bedrooms: 3 and 4
Area: from 522 to 605 m2
Terrace: yes
Parking space: yes
Infrastructure: Portonovi marina, park, fitness club, tennis club, beach
Features: own pool, private area, air conditioning, heated floors, designer interior,...
Peters Group Real Estate
1 100 000 €
Villa in Utjeha, Montenegro
365 sq.m
Residence
descriptionA LUX class villa in modern design is offered for sale.
The villa offers an amazing panoramic view of the sea.
The villa is located in the small tourist village of Utekha, Barskaya Riviera.
Villa area: 365 m2. Plot area: 400 m2.
Villa structure: swimming pool, 4 bedrooms, 4 bathrooms, living room, summer kitchen, terrace on...
Tradegoria Global Estate
80 000 €
Flat in Bar, Montenegro
47 sq.m1
Residence
descriptionAn apartment is offered for sale in the city of Bar, within walking distance from the city center.
The house was built in 2016.
The apartment is located on the ground floor (ground)
The area of the apartment is 47 m2. Structure: kitchen combined with living room, one bedroom, bathroom.
The apartment is sold with a parking...
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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