Kotor - Luštica - Risan

Tivat, a picturesque coastal town in Montenegro, boasts a rich history dating back to the Illyrian period. Strategically located in the Bay of Kotor, Tivat is surrounded by stunning mountainous landscapes and azure waters of the Adriatic Sea. Historical sites such as the Renaissance Summer House Buca in the town center and the medieval church of Saint Sava grace the town with cultural heritage. Known as a nautical paradise, Tivat's Porto Montenegro marina has transformed the area into a luxury yacht haven, blending history with modern luxury.

The Luxury Real Estate Market in Tivat

Currently, the luxury property market in Tivat is robust and attracting international buyers seeking exclusive residences. Demand for high-end homes and apartments is strong and often surpasses the available supply, especially in prestigious neighborhoods like Porto Montenegro, Lustica Bay, and Kavac. The town's stable political and economic environment contributes to the allure for affluent buyers and investors looking for secure, high-return investments.

Understanding Real Estate Transactions in Tivat

In Tivat, real estate commissions typically range between 3% to 6% of the property price, paid by the buyer, while the seller may also incur similar commission rates. When purchasing a luxury home, additional costs such as a 3% transfer tax, notary fees, and potential legal fees for inspections should be considered. There is no wealth tax on private ownership of property in Montenegro, and gains from the sale of one's main residence are tax-exempt, while profits from second-home sales may incur taxes.

Financing and Mortgage Information

Buyers looking to finance their purchase in Tivat can typically get a mortgage covering up to 60% of the property's value, subject to proof of income and financial stability. Montenegro offers competitive mortgage rates, making it an attractive place for securing a luxury investment property with good financial planning.

Exclusive Neighborhoods and Accessibility

Porto Montenegro and Lustica Bay are among the most sought-after areas, known for their opulence and modern conveniences. Tivat is conveniently accessed by the Adriatic Highway and is just 20 kilometers from Kotor, the nearest major city. Tivat is also home to its international airport, which is a mere 4 kilometers from the town center, providing excellent connectivity to Europe and beyond.

Educational and Healthcare Facilities

Tivat and its surroundings boast a range of educational institutions, including Knightsbridge Schools International Montenegro and Arcadia Academy, which offer international curriculums. Nearby, the city of Kotor hosts the Maritime Faculty of the University of Montenegro. For healthcare, residents have access to clinics and hospitals in Kotor and the greater coastal region.

Luxury Lifestyle and Entertainment

Tivat offers a luxury lifestyle with high-end boutiques and shops available at Porto Montenegro, alongside gourmet restaurants such as Restaurant One and Al Posto Giusto. The town’s exclusive nightlife includes stylish venues and events frequently hosted at Porto Montenegro. Annual cultural events, like the International Carnival, add to the vibrant cultural tapestry of Tivat.

Art, Culture, and Nature

Nearby Kotor is home to several museums and galleries, such as the Maritime Museum, which provide cultural enrichment for residents and visitors alike. Tivat’s appealing landscape includes idyllic beaches and the Vrmac mountain range, ideal for outdoor activities such as hiking and sailing. With a mild Mediterranean climate, Tivat is perfect for year-round leisure and exploration.

Investment Potential and Infrastructure

Tivat's modern infrastructure and availability of top-tier amenities make it an attractive location for luxury real estate investment. The town’s ongoing development and tourism growth ensure continued potential for property value appreciation, providing an enticing opportunity for discerning investors.