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Katie Smirnina, Sales Manager at Porto Montenegro, spoke about Porto Montenegro – a yacht complex in the Mediterranean.

Katie spoke about the advantages of the South of Montenegro:
– The South of the country is the center of tourism and foreign investment;
– Infrastructure developed region;
– Tivat International Airport (5 km);
– Border with Croatia with its amazing coastline (40 km);
– Investments in luxury projects in the Bay of Kotor area amount to about 5 billion euros;
– A sharp rise in property prices since the introduction of the euro;
– Rising cost of real estate on the coast;
– 21% increase in the price per square meter for real estate on the coast from 2017 to 2019;
– Increase in the average price per sqm in Porto Montenegro by 62% for the period from 2009 to 2019;
– Rental income averaged 2% and maximum 5% in 2018.

General information about Porto Montenegro:
– Location in the Bay of Kotor, a UNESCO World Heritage Site;
– Flagship project and elite direction;
– The project is owned by the Dubai Investment Corporation (ICD), which also owns Emirates, One & Only Resorts and Emaar Properties;
– The first project of this kind in the region;
– 400+ premium properties on the first line;
– More than 80% sold;
– World-class marina with 450 berths with extensive state-of-the-art infrastructure and yachtsmen village;
– Premium real estate for sale and rent;
– Proximity to the waters of Croatia and Greece;
– International shops, restaurants and bars;
– Sports, entertainment and cultural institutions;
– Year-round program of international events;
– First coastal project approved by the government for participation in the Investment Citizenship Program;

Katie spoke in more detail about Boka Place – the new quarter of Porto Montenegro:
– The first project in the south, accredited to participate in the state program “Citizenship of Montenegro by investment”;
– New block in urban style, commissioning in 2023;
– Everything you need for life and relaxation: gastronomy, shopping, spa and fitness;
– Modern apartments are the epitome of casual luxury;
– Various shops, galleries and restaurants;
– Five-star fitness hotel SIRO.

What Boka Place offers:
– 144 apartments managed by the hotel;
– 69 private apartments managed by M Residences, a rental management company;
– Studios, 1, 2 and 3-bedroom apartments and 2 and 3 bedroom duplexes;
– Five-star hotel Siro with 240 rooms and apartments, part of the Kerzner International group;
– Ultra-modern fitness center;
– A shopping center based on the concept of open space; the anchor tenants are a large supermarket and a multiplex cinema;
– Recreation areas around the central square, green walls, botanical gardens and water design elements;
– Two-storey underground garage for 425 cars.

Timecode:
00:00 Greeting
00:34 About Porto Montenegro
01:47 Advantages of Montenegro
02:22 About taxation in Montenegro
03:22 About the south of Montenegro
05:29 About obtaining a residence permit in Montenegro
06:10 Learn more about Porto Montenegro
08:25 About apartments Porto Montenegro
09:24 Citizenship by Investment
10:10 Location Boka Place
14:09 Boka Place development plan
15:00 About the 5-star hotel SIRO
20:30 Questions to Katie Smirnina

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