Buying off-plan developments properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
Why Buy or Invest in New Real Estate Developments in Montenegro.
Montenegro has been steadily growing as a tourist destination, thanks to its stunning Adriatic coast, historic towns, and natural landscapes.
This boosts demand for vacation rentals, hotels, and other real estate developments catering to the tourism market.
Montenegro has been improving its infrastructure, including roads, airports, and ports. As these developments continue, property values could increase, especially in regions like the Bay of Kotor or Budva, which are experiencing an influx of both tourists and international investors.
Montenegro offers competitive tax rates for property owners. The country has low property taxes, and there are incentives for foreign investors, including a relatively easy process for purchasing property.
There are programs for foreign nationals to gain residency or even citizenship through property investment.
For instance, investing in certain property developments may offer pathways to Montenegrin residency, which could be appealing for those looking to move or secure a second passport.
