Interest and excitement in Montenegro has been brewing for a while now, but with at least three new luxury developments in Boka Bay, secret is definitely out.
The epitome of small but perfectly formed, Montenegro, with its population of just more than 621,000, is currently Europe’s hottest destination. A picturesque land of rugged mountains, medieval villages and a narrow strip of beaches along its stunning Adriatic coastline, it’s little wonder that this backdrop was chosen as a location for the hit HBO series, Game of Thrones. Attracting an international mix of clientele, this tiny Balkan country offers buyers a mix of ancient charm and traditional courtesy, alongside great investment potential. Development has been thriving in the likes of Budva for some time, but international interest has now turned to Boka Bay, Europe’s only fjord and home to the town of Kotor, winner of Lonely Planet’s ‘Best in Travel 2016’ accolade. The luxury sector in this area is booming, with three primary developments leading the way. From a marina big enough for your mega yacht, and a mixed-use destination resort that will include Europe’s first One&Only hotel, to a entire new-build town, you’ll find it here in Boka Bay.
From Orascom comes an ambitious project that looks set to shape Boka Bay forever. Luštica Bay site spans 690 acres of rich vegetation and panoramic vistas (only 6% of which will be developed), with a masterplan that will include an 110 key marina hotel, a boutique hotel, residences, both bespoke villas and marina townhouses, a 176 berth marina and an 18 hole Gary Player golf course, all within phase 1. Luštica Bay, which is anchored in the philosophy of healthy and active living, is one of the largest integrated destination projects currently under development in the country. Last summer proved somewhat of a landmark time for Luštica Bay, for it welcomed its first homeowners who, in turn, became the foundations of a burgeoning community. This year, construction continues apace, with building work already begun on the F Buildings, the next phase of real estate, while the Kuzmarin buildings will follow a month later. Sales at Luštica Bay continue to impress, with 90% of the Lavanda and Kuzmarin clusters already sold. Significant progress has also been made over the winter months at Luštica Bay’s marina, due to complete by Summer 2017.
A 360 lifestyle destination, the Portonovi site commands a glorious coastal position and will comprise 290 homes. Ranging from luxurious, spacious townhouses set in the heart of its Mediterranean-style village, to stylish villas in landscaped gardens, and sleek penthouse apartments overlooking Portonovi Marina, this resort has been designed as an elegant Montenegrin village. A graceful pedestrian environment will reflect the surrounding architecture of the Dalmatian coast. In its first foray into Europe, the One & Only will be bringing its superior brand of luxury resort to Portonovi, offering approximately 140 rooms, villas and residences, as well as an Espace Chenot spa, two beach clubs and tennis courts.
Porto Montenegro is the most vibrant marina-side shopping village in the Adriatic, offering premium real estate opportunities alongside the first-class living. Bringing together established international brands and local businesses, this dynamic mix of designer boutiques and restaurants is the anchor to a gorgeous marina, capable of welcoming even mega yachts. The apartments around the marina have been hugely successful, and now the next phase of development is underway for further luxury residencies at Porto Montenegro, next to the fabulous Regent Hotel. Open, airy interiors feature high ceilings, large windows and expansive terraces, while the architecture reflects the historic influences of the Venetian Republic. Internationally acclaimed designer Tino Zervudachi has planned each property, individually sourcing materials both locally and from around the world. Within easy walking distance is the chic Porto Montenegro Yacht Club, a prestigious hedonist’s playground with room to host large-scale events, overlooking the stunning 64m infinity pool.