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Montenegro’s Luxury Real Estate Market - A Deep Dive into

Herceg Novi, Montenegro’s magnificent coastal town, is a treasure trove of unique experiences. Its rich history, vibrant culture, and picturesque landscapes combine to create a destination that is both fascinating and inviting. From its scenic old town and gorgeous beaches to its medicinal facilities, Herceg Novi offers a blend of Mediterranean charm and historical significance that is sure to captivate you. In this blog, we’ll delve into the highlights of Herceg Novi and why it should be on your travel itinerary, with a particular focus on the up-and-coming Kumbor area.

Historical Significance

Founded in 1382 by the Bosnian King Tvrtko I, Herceg Novi has a fascinating history shaped by various cultures and empires, including the Ottomans, Venetians, and Austro-Hungarians. This diverse heritage is reflected in the town’s architecture, with numerous historical landmarks to explore:

Forte Mare Fortress 

This magnificent beachfront castle, erected by the Bosnians and later rebuilt by the Venetians, provides panoramic views of the Bay of Kotor. It’s an ideal location for taking beautiful photos and learning about the town’s history. 

Kanli Kula

Known as the “Bloody Tower,” this fortress dates back to the Ottoman period and now serves as an open-air theater. It provides a unique venue for cultural events and concerts, adding a touch of history to modern entertainment.

Savina Monastery

A serene and beautiful Orthodox monastery complex dating back to the 11th century. It features stunning frescoes, a rich library, and breathtaking views of the bay.

Montenegro is the Leading Luxury Destination

Herceg Novi Beaches and Natural Beauty

Herceg Novi is blessed with a beautiful coastline and sprawling beaches, drawing sun-seekers and nature enthusiasts as this budding destination is discovered. But which beaches should you seek out?

Igalo Mud Beach 

Long-revered for its therapeutic mud and mineral springs, Igalo Beach is a popular spot for wellness tourism. With its shallow waters and soft, accessible entrance to the sea, it’s ideal for older visitors and children.

Njivice Beach 

This secluded pebble beach is perfect if you want tranquility and crystal-clear waters. It’s also a great spot for snorkeling and relaxing away from the crowds.

Lustica Peninsula 

A short drive from Herceg Novi, the Lustica Peninsula boasts unspoiled nature, hidden coves, and pristine beaches. It’s a fantastic destination for hiking, exploring, and enjoying Montenegro’s natural beauty.

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Exploring the Old Town of Hereg Novi

The heart of Herceg Novi is its enchanting old town, characterized by narrow cobblestone streets, charming squares, and historic buildings. Here are some of the top sites not to be missed in Herceg Novi. 

Clock Tower 

The Clock Tower (Sahat Kula), built by the Turks in the 17th century, symbolizes the town and is a great starting point for exploring the old town.

Belavista Square 

Beautiful buildings surround this picturesque square, including the Church of St. Michael the Archangel. It’s a lovely spot to sit and enjoy the ambiance.

City Museum Mirko Komnenović

Located in a former palace, the City Museum offers fascinating exhibits on the history, culture, and art of Herceg Novi and the surrounding region. The museum is nestled in the sunniest corner of the city, just a stone’s throw from the house of Nobel Prize winner Ivo Andrić and a mere 40 steps from the sparkling sea. The museum also boasts an exquisite botanical collection featuring over 100 carefully selected species of Mediterranean and subtropical plants. Its prominent position and striking appearance make it a landmark in this vibrant area.

Kumbor – A Rising Star

One of the most exciting developments in the Herceg Novi area is the rise of Kumbor as a top destination. Located just a short distance from the town center, Kumbor is transforming into a luxurious and vibrant spot that attracts visitors from around the world. Kumbor is becoming renowned for its wellness and spa offerings, which make it a prime destination for health-conscious travelers.

Kumbor Marina and Yachting 

The Portonovi Marina is one of the most sophisticated in the Adriatic, offering top-notch facilities for yachting enthusiasts. Its advantageous location gives it an excellent starting point for discovering the breathtaking Montenegrin coast and beyond. 

Events and Activities

Kumbor hosts various cultural events, concerts, and festivals, adding to its allure as a dynamic destination. The combination of luxury, entertainment, and natural beauty makes Kumbor a must-visit spot in the Herceg Novi area.

Cultural Events and Festivals in Herceg Novi

Herceg Novi is a dynamic cultural city, presenting several events and festivals all year to pay tribute to its rich legacy and bustling spirit:

Mimosa Festival 

Held in February, this festival marks the beginning of spring with parades, music, dances, and the blooming of mimosa flowers. It’s a colorful and joyous celebration that attracts visitors from all over.

Herceg Novi Film Festival 

This prestigious event, held in August, showcases a wide range of international and local films. It’s an excellent opportunity to enjoy cinema in the picturesque settings of the town’s historical landmarks.

Guitar Art Summer Fest

Music lovers will appreciate this festival, which is dedicated to classical and contemporary guitar music. Held in July, it features performances by renowned artists and rising stars.

Why Invest in Property in Herceg Novi?

Investing in property in Herceg Novi is not just a smart move; it’s a golden opportunity. The town is experiencing a surge in tourism, particularly with the development of luxury areas like Kumbor. This growing popularity as a tourist destination offers excellent potential for rental income and property value appreciation. Moreover, compared to other European coastal destinations, property prices in Herceg Novi are relatively affordable, offering great value for money. This combination of factors makes investing in property in Herceg Novi a decision you can feel confident about.

Additionally, Herceg Novi boasts a high quality of life. The town’s beautiful scenery, pleasant climate, and cultural scene make it an attractive place to live or own a holiday home. Finally, Herceg Novi’s strategic location near the Croatian border and its proximity to major airports makes it easily accessible for international travelers, boosting its appeal as a property investment destination.

The Royal Collection by API Investment

Adding to Kumbor’s appeal is the innovative Condo Hotel concept, the Royal Collection, being developed by API Investment. This exclusive development promises high-end luxury and convenience with elegantly designed residences that function as personal retreats and lucrative rental properties. The Royal Collection will feature top-tier amenities, including fine dining, wellness facilities, and personalized concierge services, ensuring a premium experience for residents and guests. What sets the Royal Collection apart is its specially curated luxury hospitality experience and guaranteed management package to ensure your investment risk is minimal. This project underscores Kumbor’s burgeoning status as a prime luxury tourism and investment destination.

Discover the Splendor of Herceg Novi Today

Herceg Novi is a gem on the Montenegrin coast that offers a rich tapestry of history, culture, and natural beauty. Whether exploring its ancient fortresses, relaxing on its beaches, or immersing yourself in its vibrant cultural scene, Herceg Novi promises an unforgettable experience. The rise of Kumbor as a luxurious destination adds an exciting dimension to the region, making it a must-visit for discerning travelers. 

With its growing tourism, affordable property prices, and high quality of life, investing in Herceg Novi is brilliant for those looking to capitalize on Montenegro’s booming real estate market. Make sure to add this charming town and its burgeoning neighbor to your travel list and discover the magic of Montenegro’s coastal treasures. Get in touch with our team for full details on our Montenegro investment prospects. 

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