Portonovi

Herceg Novi, Herceg Novi Municipality 85340

Montenegro

PORTONOVI, MONTENEGRO - UNESCO World Heritage Site

Portonovi, Montenegro is a hidden gem. It is the finest development in a country which in itself is yet to be fully discovered by the outside world. You never forget your first visit to Montenegro. This is the land of endless natural riches, seemingly sculpted from emerald mountains and sun-speckled sapphire seas.

With its Italianate architecture, rich heritage, and views that stretch from mountains to calm sea waters, Portonovi exudes character, charm and a unique, considered elegance. Designed to provide privacy and seclusion, yet bring people together within its lively squares, parks and waterside promenades, this is the perfect place for a thriving community.

This world-class resort, complete with a state-of-the-art marina and the first European location from global hoteliers One & Only, is the most sophisticated new destination. Home to some of the Adriatic Riviera's most luxurious modern residences, each designed to blend seamlessly in its environment, with wide-open spaces, carefully chosen natural materials and spellbinding Boka Bay views.

218 Luxury Residences with a 238-Berth Marina, run by renowned harbourmasters D-Marin, complete with Helipad. With a capacity to accommodate yachts and superyachts up to 120m and a sheltered location on tranquil Boka Bay, it's the perfect staging post from which to explore the unspoiled Adriatic coast.

Residents enjoy full access to a collection of world-class restaurants, including Sabia by Giorgio Locatelli, the new establishment from the Michelin-starred chef, as well as outstanding leisure facilities including swimming and tennis, and the tranquil Chenot Espace Wellness Centre with its highly trained technicians.

With an elegant collection of boutiques, ateliers, galleries and shops all on your doorstep, expect a diverse array of offerings that bring together Montenegrin designers and international names across fashion, art and design.

A five star concierge service is available around the clock to take care of your every need, including organising bespoke itineraries, providing domestic care and maintenance, arranging taxis, water taxis and helicopter services. On site staff are highly experienced and professional, speaking more than 15 languages, with the expertise to take care of every guest and homeowner.

Every aspect of Portonovi has been carefully designed to create a natural, liveable village. You'll find plenty of public space, with landscaped gardens and open parks, each linked by fragrant tree lined boulevards that ensure you can easily get around the 26 hectare site on foot.

An excellent base from which to explore the Adriatic and Mediterranean coasts, with the glamour of Hvar, Trieste and the Dalmatian Islands all within easy reach. With three international airports within driving distance, the village is easily accessed from anywhere in Europe - or even further.

Studio Apartments - (41m2 up to 46m2) - €320,000 to €405,000

One-Bedroom Apartments - (68m2 up to 133m2) - €535,000 to €980,000

Two-Bedroom Apartments - (102m2 up to 233m2) - €1,045,000 to €2,115,000

Three-Bedroom Apartments - (155m2 up to 326m2) - €1,305,000 to €2,475,000

Four-Bedroom Apartments - (224m2 to 258m2) - €2,240,000 to €3,005,000

Duplex Apartments (Three/Four bedrooms) - (234m2 to 382m2) - €1,840,000 to €3,560,000

Penthouse Apartments (Two/Three/Four bedrooms) - (193m2 to 344m2) - €2,410,000 to €3,375,000

Urban Villas (Three/Four bedrooms) (287m2 to 613m2) - €2,190,000 to €2,925,000

Sky Villas (Three/Four bedrooms) (597m2 to 659m2) - €5,860,000 to €6,585,000

One & Only Private Homes (Three/Four bedrooms) (522m2 to 605m2) - €9,845,000 to €15,285,000

REAL ESTATE TAX OVERVIEW - TAX AT A GLANCE

Personal, Corporate and Capital Gains Tax at 9%

Property Tax on ownership and use of property ranges from 0.1% to 1%.

VAT 21% standard rate, 7% reduced rate (VAT refundable on rental properties brought through a local corporate company that are registered for rental use).†

Inheritance tax set at 3%, with exemptions for transfer for property as a gift.

Treaties with over 40 countries to avoid double taxation, including the UK, China and Switzerland

NAUTICAL TAX - Montenegro has the most yacht-friendly legislation anywhere in Europe. Law on yachts provides a vignette system that charter yachts can use for multiple entries. The user-friendly system also allows frequent changes to the crew and passenger manifest. Marine fuel is up to 45% cheaper than retail, with zero tax or duty and 0% VAT on charters.

RENTAL YIELD - (as of September 2023) 5.95%

*globalpropertyguide.com/Europe/Montenegro/rent-yields. †Terms & conditions apply. Details are correct at the time and subject to change.