Buying Luxury Property in Kotor, Montenegro as a Rental Investment

Kotor is located in southwestern Montenegro, in the Bay of Kotor (Boka Kotorska), known as a historic UNESCO World Heritage site, and is seen as having one of the most beautiful natural harbors in Europe or anywhere in the world.

Due to its fame and natural beauty, with The Bay of Kotor being called the "southernmost fjord in Europe, Kotor is as a result one of the most visited towns in Montenegro, with high levels of tourism fueling the proprty rental market, and wealthy individuals looking for luxury real estate for sale.

Buying a luxury rental property as an investment involves a combination of traditional real estate fundamentals and the unique considerations that come with high-end properties.

As an investor are the aims cash flow, appreciation, or mixture of both that is the expected result, and is this investment property a short-term rental or long-term lease.

The property may be used personally as well as being an investment for part of the year which is termed a hybrid investment, and this will depend of the net-worth of the individual, and how much personal usage is being considered.

A luxury property that is to be used as a rental property, has to be located in desirable areas for it to appeal, areas such as those with water views, seclusion, night-life and recreation activities.

Those with a high-income are often the types to look for a luxury rental in tourism or executive relocation market. To find just where are the BEST luxury rental properties in Kotor, Montenegro, that are listed for sale as investments by real estate agents, will start with an online search via a listings portal.

When investing, due diligence is essential in any investment transaction, tax rates, and any local regulations should be reviewed etc. Hiring a real estate attorney is an essential part of the purchase process to ensure all legal paperwork is handled properly.