Where the Rich Live in Montenegro: A Guide to the Adriatic's Elite Cities and Residences

Montenegro has confidently earned the title of "the Monaco of the Adriatic," becoming a favorite vacation and residence destination for billionaires, European celebrities, and global business leaders. Unlike oversaturated European markets, luxury here combines intimacy, pristine nature, and a low tax climate. If you want to know where the rich live in Montenegro, this guide to the most prestigious locations and residences in the Adriatic is for you.

Buying premium real estate is a strategic decision and investment in luxury Montenegrin housing, guaranteeing not only capital growth but also the opportunity to obtain a European residence permit based on the property, complete comfort, and a carefree lifestyle.

For those seeking luxury real estate in Montenegro for investment or residence, the choice boils down to a few key locations that fully meet the "Residence-Resort" standard—places where a luxury villa feels like a personal 5-star resort.

Browse our catalog of exclusive, premium coastal properties for sale in Montenegro on our website: gomonte.me

Or contact our manager: +382 67 322 888 Viber/WhatsApp/Telegram.

1. Tivat and Bay of Kotor Real Estate

The Bay of Kotor, a UNESCO World Heritage Site, is Montenegro's most prestigious luxury real estate destination. Its crown jewel is the city of Tivat, which has transformed from a sleepy coastal town into the yachting hub of Eastern Europe.

1.1. Porto Montenegro Luxury Real Estate

The Porto Montenegro project has become synonymous with luxury. It's not just a marina, but a fully fledged luxury community with hotels, boutiques, restaurants, and residential residences built around a superyacht berth.

• Concept: "Marina-side living" with direct access from your apartment to your yacht. Prices and Format: This is where the highest prices for luxury real estate in Montenegro are concentrated, starting at €7,000 per square meter. These are primarily designer apartments and penthouses.
• Audience: International yacht owners, bankers, and oil magnates.

View the catalog of villas for sale in Porto Montenegro from our Montenegro real estate agency: gomonte.me/houses

1.2. Luxury Real Estate in the Bay of Kotor

In the heart of the Bay of Kotor, wealthy investors seek historical value. Perast and Old Kotor offer exclusive, UNESCO-protected residences, where you can only buy a villa in Montenegro if it has undergone a full historical restoration. Such properties are rare collector's items, the price of which is determined not by the square footage, but by age and uniqueness.

View the catalog of luxury real estate in the Bay of Kotor on our website: gomonte.me

2. Budva Riviera

The Budva Riviera is the hub of tourism and home to the most renowned residential complexes on the Adriatic, offering maximum comfort and privacy.

Our agency offers a large catalog of unique villas with panoramic views on the Budva Riviera. View our catalog: gomonte.me

2.1. Premium Real Estate in Budva, Dukley Gardens Residence

Dukley Gardens is a gated luxury complex on the Zavala Peninsula, often referred to as "The Best Residence on the Adriatic." It fully answers the question of where the wealthy spend their summers in Montenegro.

• Concept: Private park, private marina, three private beaches, 24-hour concierge service, and management to the standards of a five-star hotel.
• Format: Luxury penthouses and apartments with panoramic windows and terraces.
• Attractiveness: High level of privacy and ready-made infrastructure for turnkey living.

3. Lustica and Herceg Novi

The northwestern coast has become the scene of some of the world's largest investments in Montenegro, focused on new-generation resort properties with an emphasis on wellness, ecology, and secluded relaxation.

3.1. Portonovi

Portonovi, located near Herceg Novi, is a gated resort town with its own marina, beach, and Europe's first spa complex, Espace Chenot Health Wellness Spa.

• Concept: Health, privacy, and exclusive service.
• Format: Luxury apartments, marinas, and villas with private pools.
• Target: Investors seeking long-term capitalization and healthy lifestyle enthusiasts.

3.2. Luštica Bay (Lushtica Bay)

The largest project in the country, billed as a "city within a city," it includes several marinas, two golf courses, and numerous residential areas. Buying a villa in Montenegro in this area means investing in long-term, environmentally friendly real estate.

4. Why investing in Montenegro real estate is profitable. Comparing luxury real estate prices in Montenegro vs. the EU

Investing in luxury real estate in Montenegro is currently profitable thanks to the phenomenon of "price arbitrage." With similar or even higher quality new developments (for example, in Portonovi or Dukley Gardens), prices in Montenegro (from €5,500 to €8,000 per square meter) are 30-50% lower than in neighboring EU countries such as Croatia, Greece, or Italy, where similar properties cost from €9,000 to €20,000 per square meter. This price difference represents net potential capitalization that will be realized as Montenegro integrates into the EU, guaranteeing investors high returns in the coming years.

Below, we'll take a closer look at each of these countries.

4.1. Montenegro

High quality, low threshold. Prices in Montenegro's most prestigious residences (such as Portonovi or Dukley Gardens) start at €5,500 to €8,000 per square meter. These properties boast world-class infrastructure, private beaches, and concierge service.

4.2. Croatia (EU)

A Precedent for Growth. In contrast, in the elite areas of neighboring Croatia (Dubrovnik, Split, Hvar), similar quality villas and apartments located on the waterfront are already selling for €9,000 to €15,000 per square meter. This demonstrates the growth potential that awaits Montenegro after EU integration.

4.3. Greece and Italy

An Overheated Market. In popular locations in Greece (Mykonos, the Athenian Riviera) or Italy (Sardinia, the Amalfi Coast), prices for comparable properties can easily exceed €12,000–€20,000 per square meter.

4.4. Investor's takeaway

The price difference is 30–50% for similar or even higher-quality new developments in Montenegro. This price gap represents pure potential capitalization, which will be realized as the country moves closer to European institutions. Buying now means locking in the price at a historically low level.

On our Montenegro real estate sales website, you'll also find properties available for installment payments. See our article and catalog: gomonte.me/blog/post/77

5. Legal and Financial Aspects: Why the Rich Choose Montenegro

Rich people choose Montenegro not only for the views, but also for the financial and legal predictability that protects their assets.

5.1. Low Tax Regime and the Euro

Montenegro offers one of the lowest tax rates in Europe: 9% on personal and corporate income. This is critical for international investors. Furthermore, the use of the euro as the official currency completely eliminates currency risk, guaranteeing the stability of the value of luxury real estate in Montenegro.

5.2. Ease of Obtaining Residence Permit

Unlike many European countries, Montenegro offers the simplest path to European residency: residence permits through real estate purchases are issued with no minimum investment threshold. This adds migration value to any acquired asset.

Montenegro's luxury real estate market is one where demand consistently exceeds supply, especially in key locations such as Tivat (Porto Montenegro), Budva (Duklja), and Lustica (Portonovi). If you're looking to buy a villa in Montenegro or an apartment in the most prestigious area, this isn't just a purchase; it's a strategic investment in Montenegro with a highly guaranteed return on investment as the country approaches EU accession.

Contact our experts today to receive a private catalog of listings in the most exclusive Adriatic residences, unavailable on the open market. +382 67 322 888 Viber/WhatsApp/Telegram

Read our other articles:

Porto Montenegro Yacht Club (PMYC): Privileges and Membership for Superyacht Owners: gomonte.me/blog/post/65

Buy Luxury Real Estate in Porto Montenegro: Prices, Apartment and Penthouse Catalog 2025: gomonte.me/blog/post/72