Building Land in Igalo

Unlock the Potential of Igalo: Your Gateway to Coastal Real Estate Investment

Investing in real estate is akin to planting a seed that flourishes over time. In the picturesque town of Igalo, Herceg Novi, this seed has the potential to grow into a flourishing opportunity. The 816 m² building land available for sale is strategically located just moments away from the stunning beach, making it an enticing proposition for savvy investors aiming to capitalize on the burgeoning tourism market.

Beyond the Shore: Community and Development

The surrounding area of Igalo is undergoing exciting developments that will undoubtedly enhance the value of your investment. With the beautiful Adriatic coastline as your backdrop, the town boasts a harmonious blend of natural beauty and modern amenities. Three key elements underline the appeal of this prime location:

• Access to Essential Amenities: A variety of shops, cafes, and restaurants are within walking distance, providing convenience for residents and tourists alike.


• Scenic Walkways: Picturesque seaside promenades invite leisurely strolls, offering breathtaking views of the ocean and an atmosphere of tranquility.


• Health and Wellness Facilities: Igalo is known for its wellness centers, attracting visitors seeking rejuvenation, which increases demand for rental properties.

Property Features: A Blank Canvas for Your Vision

This clean, flat land is your blank canvas for creativity. With a wide, asphalt access road, it provides a seamless entry point for construction. The site’s dimensions and zoning allow for a comprehensive building plan that could accommodate:

• Modern apartments optimized for holiday rentals


• Stylish vacation homes for tranquil getaways


• Innovative shared amenities such as pools and communal gardens

Imagine a beautifully designed apartment complex that blends with the coastal scenery—an oasis for both locals and tourists.

Rental Income: Harnessing the Power of the Tourism Market

Igalo is rapidly becoming a hotspot for tourists seeking sun-soaked vacations and the healing properties of the Adriatic Sea. This creates a significant market for rental properties. By investing in building land and developing high-quality apartments, you’re tapping into a lucrative opportunity:

• Peak Season Rental Potential: With summer rental prices averaging 100€ per night, your property could yield an impressive income.


• Year-Round Income Streams: Don’t overlook the winter months, where tourists still flock to the region, providing rental income during off-peak seasons.


• Long-Term Appreciation: Properties in thriving tourist destinations tend to appreciate over time, offering a secondary benefit of capital growth.

Calculating Your Return on Investment (ROI)

The financial benefits of investing in this prime land speak for themselves. Assuming construction of a 300 m² building at a cost of 599€/m², the total investment would amount to 179 700€. With estimated rental incomes of 24 000€ annually, the ROI calculation stands at:

ROI Calculation: (24 000€ / 179 700€) x 100 = 13.35% annually.

This is more than just a number; it represents the promise of a strong financial future, where your investment not only covers its costs but generates substantial profits.

Conclusion: Seize the Opportunity

The building land in Igalo is not merely a parcel of land; it is a doorway to potential, a key to unlocking a prosperous investment in one of the most beautiful areas of Montenegro. Whether you dream of developing luxurious apartments or charming vacation rentals, this property offers the perfect foundation for success. Don’t let this remarkable opportunity slip away; harness the power of Igalo and pave the way to a rewarding investment journey!