The residential property market in Montenegro recently experiences a new wave of construction with a notable leap towards the expansion of the existing projects and the construction of brand new high end residential developments.
The greatest number of new projects are traditionally concentrated in Budva and its surroundings – commonly known as Budva Riviera.
In this article we review premium and high-end residential developments located on the Budva Riviera, which deserve the attention of investors and second home buyers.
Budva is one of the most famous tourist resorts of Montenegro which hosts several premium projects on its seafront. Properties in Budva are designed for those who want to be positioned right in the center of all events which take place on the coast during the holiday season and beyond.
Budva mainly hosts multifunctional residential complexes, which offer a range of in-house amenities.
The most striking example of such a project is TQ Plaza– a mixed-use development, located in the very center of Budva, just 100 meters from the beach, close to the Old Town and the yacht marina.
The project consists of commercial and residential premises. It has a shopping center hosting numerous shops, a supermarket, a bank, a pharmacy and several restaurants. A multiplex cinema and fitness center opening is under way.
Upper floors of the complex accomodate exclusive apartments with spacious terraces moslty oriented towards the waterfront, which is in a minute walk from the complex.
Each apartment has a spacious terrace overlooking the Old Town, the sea and the island of St. Nicholas.
All apartments have high-quality finishes and equipped with a “smart house” system.
By mid-summer 2015 a condo-hotel will be open in TQ Plaza, operated by one of the Europe’s leading hotel operators. This will allow the tenants of the complex to have access to the range of services offered by the premium hotel chain.
Condo-hotels are gaining popularity as an asset class in Montenegro recently as they offer multiple advantages for tenants and property owners compared to plain vanila residential dwelling.
Another luxury frontline development, launched into operation in 2013 is Tre Canne condo-hotel, located 50 meters from the beach near the green park. The complex consists of three towers connected by a common lobby where shops, restaurants and offices are situated.
Condo hotel offers more than 200 luxury apartments. Most of apartments have magnificent views of the sea, the islands and the Old Town.
On the roof of central tower there is a welness & SPA center, which includes indoor pool, saunas, salt rooms, tepidarium, fitness center, all with breathtaking views over Budva Riviera. There are multiple room service features available to residents.
Budva has guarded its waterfront from construction for a long time, while most development was happening on some distance from the waterfront. Now this is changing with several new prime buildings being constructed on the very seafront.
The most recent sample of such project is Royal Gardens which construction has been recently launched just steps away from waterfront and the Budva Old Town.
This is a prime quality development in prime location with a nice green park beneath it.
Residents of this building will enjoy the traditional Adriatic lifestyle with impecable comfort as they will have one of the greatest views in Budva with direct access to seafront promenade right outside their second home.
The official sales of Royal Gardens residence will be launched in early summer 2015.
Another pearl in the crown of best residential properties of Budva riviera is called Dukley Gardens.
Located on the green Zavala peninsula between Budva and Becici, this gated community of premium apartments and villas is an ideal place both for spending your vacation and as a full-time residence. It resides in the green Mediterranean gardens running down the slopes to the sandy Adriatic shore. Landscape design previews planting of more than 100 various types of trees and bushes on the community’s territory.
Residents of this premium class community will enjoy marvelous sea view, amazing scenery and impeccable service. Panoramic windows offer fantastic scenery views. All apartments possess fancy spacious terraces. Distance to the sea is between 10 and 100 meters, depending to the location of each villa.
Thanks to its unique design concept Dukley Gardens is a perfect retreat, where comfort combines with beauty of unspoiled nature.
Dukley Gardens features 3 private sandy beaches on its territory. Length of private coastline is 450 meters.
Residents of the complex who have boats have full access to the services provided by the Dukley Marina, situated in Budva, on the opposite site of the bay from the development.
All residents are offered a taxi-boat service to the marina and back.
Dukley Gardens also features its own high cuisine restaurant Dukley Beach Lounge, which serves the dishes of Mediterranean and international cuisine.
This project is positioned as a community for an international jet set, offering to its residents far more than simply a luxury living – a range of cultural events are organized within the Dukley European Art Community project. The community members are also offered full support in various issues while conducting their business in Montenegro, as well as with help in their business relocation to this new destination on the Europe’s business map.
The last project we examine in this review is a great natural escape. It is located on the top of a cliff in an intact natural surrounding on the outskirts of one of the picturesque medieval villages of Budva Riviera.
This upscale residential compound built on the top of the cliff 54 meters above the level of the clean and transparent waters of the Adriatic Sea is called The Cliff Residence.
Apart from the ultimate luxury of its interior finishes, it offers unobstructed panoramic sea views, sun soaked residential terraces and stunning natural surroundings to its tenants.
Cliff Residence includes 6 spacious apartments, lounge and billiard room, gym workout area, massage parlour, sauna and steam room, two swimming pools, one heated pool and children’s splash pool.
The compound is built to quality standards rarely seen in the region. Natural stone facade, Italian finishing materials, fireplaces, heating systems and solar panels, air conditioning systems – all of these make a difference for those not ready to compromise on quality.
The compound has its gated territory and private access to the rocky beach situated below the compound. The path walks through the virgin olive grove and brings the residents to a hidden paradise – a beach with crystal clear water acessible only for tenants of the compound.
This place is a perfect getaway for those who gain inspiration from unity with wild nature while enjoying the ultimate level of comfort.