Some call it paradise, you can call it home
Sitting on your balcony with your morning coffee, you gaze across the marina’s neat rows of sparkling yachts to a sweeping expanse of water, its surface barely ruffled by a gentle breeze. In the distance, a line of plump hills marks the opposite shore of the bay, their wooded flanks unscarred by roads and buildings. Immediately below you, as the village comes to life, its pedestrian boulevards remain almost silent. There’s no traffic. People stroll. The pace is slow. The peace is absolute. This is Porto Montenegro, and the community’s slogan, “a life less ordinary”, could hardly be more fitting.
Founded some 15 years ago by a consortium of visionary developers, Porto Montenegro is set in the spectacularly beautiful Bay of Kotor on Montenegro’s Adriatic coast. From historic origins as a naval base, it has been transformed into an exquisite waterfront destination, with low-rise apartment buildings, tree-lined pedestrian boulevards and an array of chic boutiques, restaurants and cafes surrounding a breathtaking superyacht marina.
What began as a best-kept secret among yachting aficionados is no longer so secret, as sophisticated travellers add Montenegro to their list of must-go destinations. With few exceptions, they immediately fall in love with the place, seduced by its natural beauty and the warm welcome they receive. For a significant number, that love-at-first-sight feeling has translated into a decision to buy a home in Porto Montenegro – whether as a seasonal hideaway or a permanent base – secure in the knowledge that its world-class amenities make it a sound investment in both financial and quality-of-life terms.
Against a backdrop of steadily rising property values (an increase of 62% for waterfront properties at Porto Montenegro over 10 years), the stability of the Euro currency and a very low-tax and business-friendly regime, Porto Montenegro has become a vibrant and cosmopolitan residential community, as well as a year-round destination. For families, there is an International School that offers the IB curriculum; and for business people, the South village offers a variety of attractive offices for rent.
A Wealth of Outstanding Choices for Home Buyers
While some home buyers are content to wait for the completion of the new Boka Place neighbourhood in 2023, others fulfil their urge to move immediately by buying into one of Porto Montenegro’s recently completed buildings, where a limited number of residences are still available.
Set directly on the quayside, Regent Pool Club Residences comprises two wings – Baia and Aqua. Designed in sleek, contemporary style and linked at podium level by an expansive terrace with swimming pools, the residences feature light-filled interior spaces and sweeping views of the sea or mountains. Owners have access to all services and amenities of the five-star Regent Porto Montenegro and can benefit from the hotel’s optional rental pool programme. Prices start at €418,000 for a one-bedroom apartment.
Just a few steps back from the waterfront, Elena Residences is a sophisticated addition to Porto Montenegro, with well-planned interiors featuring expansive terraces and beautiful views of the sea or mountains. Owners are offered a comprehensive menu of services including the option of interior design and furnishing solutions, and access to Porto Montenegro’s well-established M Residences rental management service. As in Regent Pool Club Residences, buyers receive automatic membership of the exclusive Owners’ Club, with its dedicated lifestyle team and portfolio of special privileges. One-bedroom apartments in Elena Residences start at €463,000.
As an added benefit, those who purchase one of Elena or Regent Pool Club residences until May 31st 2022, will receive right of immediate occupation after just a 30% down payment. The remaining 70% paid can be paid quarterly over two years at 2% interest, or over three years at 2.5% interest. Additionally, new homeowners will also be able to enjoy waived maintenance charges for 12 months after signing the sale’s purchase agreement.
”Meanwhile, work continues apace on construction of the village’s new jewel, Boka Place – a rare chance to create an easygoing yet elegant lifestyle, become part of the vibrant and welcoming community that’s already well established in Porto Montenegro, and make a sound investment. Due to be completed in 2023, this lively, top-of-the-line urban-style neighbourhood has been designed for year-round living, with a focus on wellbeing and fitness. It features a wide variety of residences, high-quality retail outlets, exciting eateries, a new flagship SIRO hotel, and a plethora of entertainment activities for families, couples and friends. With its distinctive style and privileged position, Boka Place also presents an excellent investment opportunity, in terms of both capital appreciation and the option to benefit from a well-established and proven rental management programme.Slavica MilicResidential Marketing Manager, Adriatic Marinas d.o.o.
A New Adriatic Hotspot for Shopping, Dining and Hospitality
A gateway to Porto Montenegro’s laid-back elegance, Boka Place is just a few steps away from the buzz of the marina and the glamour of the Yacht Club. Positioned to become one of the Bay of Kotor’s most sought-after locations, it will bring together 45 new retail offerings – from shopping and dining to recreation and entertainment. Shops will range from international lifestyle brands to purveyors of everyday essentials, including a flagship market and food hall to meet the needs of Boka Place residents. Spread across 7,400 sqm of land, the neighbourhood will also feature a multi-screen cinema complex, and will host a plethora of cultural events showcasing music, art and food.
A great asset of Boka Place will be the world’s first hotel SIRO – a new hospitality concept created by Kerzner International, the group behind Atlantis and One & Only Resorts. Adding dynamism to the neighbourhood and encouraging a health and fitness-infused lifestyle for hotel guests and Boka Place residents alike, the 96-room SIRO will feature an exceptional wellness sanctuary and fitness centre. Available to all residents, the immersive lifestyle experience offered by SIRO will redefine the notion of wellbeing.
Relaxed Luxury Living Has a New Home
On completion, Boka Place will feature a total of 213 residences, including studios, one-, two-, and three-bedroom apartments and penthouses, and two- and three-bedroom duplexes. Buyers may choose from a range of SIRO-managed residences or purchase their own private units, with property prices starting from €240,000. Residents will benefit from invitation-only events and exciting summer clubs for children, among other privileges.
The private residences in Boka Place offer exclusive access to their own pool, as well as privileged access to SIRO wellness programmes. Porto Montenegro offers management of these units as part of its bespoke M-Residences rental management scheme, a well-established programme with a proven track record of return on investment.
As an added attraction for buyers, Boka Place residences can also be purchased with a 30% upfront payment, with the remaining amount payable upon the building’s completion – interest free. A rare opportunity to own luxury real estate under incredibly convenient conditions, these payment plans and benefits are only available from now until May 31st 2022.
Development of this new neighbourhood continues to gather pace and, for those who decide to become part of the Boka Place journey by investing in a property, it promises to deliver a very solid investment – both financially and in terms of an exceptional lifestyle.
But there’s more to this story than attractive real estate. It is very easy to fall under the spell of Boka Bay: it has a special, indefinable magic that goes beyond the spectacular natural surroundings – a serenity that is increasingly valuable, yet ever harder to find, in today’s world. And that makes the prospect of a home in Porto Montenegro hard to resist.