Luštica Bay: a luxury resort on the rise in Montenegro

Luštica Bay: a luxury resort on the rise in Montenegro

Montenegro is fast becoming an attractive destination for luxury real estate, and the Luštica Bay resort is a shining example of this. This former Yugoslavian military complex has undergone a transformation and is now a place that represents everything a modern and sophisticated holiday can offer. Luštica Bay combines a beautiful Adriatic coastal setting, quality service and a diverse range of luxury properties.

The magic of Luštica Bay

With the sight of the clear waters of the Adriatic Sea and the green hills of Montenegro in the background, you will understand why this location gets under people's skin. The location is exceptional - the resort is just a 20-minute drive from Tivat airport, which is easily accessible by air with low-cost carriers such as EasyJet, Jet2, Ryanair and Wizzair from Prague and other Czech airports.

Luštica Bay offers an authentic Mediterranean lifestyle and 270 days of sunshine a year. The local coastline is dotted with picturesque coves and quiet beaches, providing ideal conditions for swimming and relaxing. The convenient location allows easy access to other attractive places in Montenegro, such as the historic UNESCO-listed city of Kotor, just half an hour away.

Investment opportunities and services in Luštica Bay

Resort Luštica Bay is one of the three major luxury housing projects in Montenegro, alongside Porto Montenegro and Portonovi. Covering 690 hectares, five times the size of London's Hyde Park, the development will create a unique environment which, when completed, will include:

• 3,000 apartments
• 300 villas and houses with sea views
• 7 hotels (the Chedi Hotel is currently in operation, with plans to open a Four Seasons),
  shopping areas and a golf course designed by golf legend Gary Player.
  For golf enthusiasts, Luštica will become an exceptional destination. Once the golf course, which will be the only one of its kind in Montenegro, is completed, visitors can look forward to a nine-hole course with breathtaking views of the Adriatic Sea. The course will be completed by 2028 and the first section will be open to the public in 2026.
  
  
  

Why buy property in Luštica Bay?

In addition to its stunning setting and wide range of services, Luštica Bay offers a number of advantages for foreign investors. Montenegro ensures a level playing field for all investors, which means that foreign owners have the same rights as local citizens. Purchasing a property allows you to obtain an annual residence permit, which can be converted into permanent residence after five years.

Tax benefits include:

Income tax is capped at 15%.
Real estate transfer tax on sales ranges between 3-6%.
Annual real estate tax is set at 0.25-1% of market value.
In the case of inheritance by direct relatives, no inheritance tax is imposed.
What does the neighborhood offer?

In the vicinity of the Luštica Bay resort you will find countless possibilities for active recreation. Boka Kotorska Bay is ideal for boating and exploring the mysterious islands, including the island with the church of Our Lady of Škrpjela. For lovers of history and culture, the ancient town of Kotor is nearby, with its walls and narrow streets telling stories that span several centuries.

Those who prefer the outdoors will appreciate the local hiking and cycling trails that wind around the coastline, passing through picturesque villages and olive groves. Water sports enthusiasts such as diving, snorkelling and paddleboarding will also find something to enjoy.

Property prices in Luštica Bay

Real estate prices in Luštica Bay range from:

433,000 EUR for apartments in the Centrale zone,
564,000 EUR for apartments in Marina Village,
740,000 EUR and more for exclusive residences in The Peaks area.
The average price per square meter is around 7,000 EUR, which is lower than other luxury projects in Montenegro - in Porton the price is around 9,000 EUR and in Porto Montenegro up to 10,000 EUR per square meter.

How to get to Luštica Bay from the Czech Republic?

The best way is to fly from Prague or Vienna to Tivat airport. The journey takes approximately 2 hours. Upon arrival, the Luštica Bay resort can be reached in 20 minutes by car. Alternatively, you can fly to Podgorica Airport, which is a 90-minute drive away.

Future of Luštica Bay Resort

On completion of all projects, the resort will become home to over 6,000 residents and will include over 3,000 apartments, 300 villas and 7 luxury hotels. With its unique concept, blending traditional architecture with modern design, and strict building regulations, Luštica Bay will retain its natural appearance and harmony with the surrounding nature.

Becoming the world's first eco-friendly nation in 1991, Montenegro is committed to nature conservation and sustainability. This policy ensures that new projects, such as Luštica Bay, respect the local landscape and promote environmentally friendly development.

If you are thinking of buying property in Montenegro, Luštica Bay is a great choice, offering a unique Mediterranean lifestyle and stable investment potential.

For more information, visit our website or contact us for a personalised property offer in the area.