Urban Land 454m2, Igalo

Prime Coastal Land Investment in Igalo

Discover the Beauty of Igalo

Nestled along the stunning Adriatic coast, Igalo represents a harmonious blend of natural beauty and modern living. Known for its mild climate, crystal-clear waters, and lush landscapes, this area is a sanctuary for those seeking both relaxation and adventure. The plot of urbanized 454 m² is perfectly positioned just 150 meters from the sea, providing a backdrop of idyllic ocean views that are both tranquil and inspiring.

As you explore the surrounding area, you will find a vibrant community that boasts a variety of amenities. From charming cafes and gourmet restaurants to local markets and boutique shops, Igalo offers a lifestyle filled with convenience and joy. The area is also enriched by its rich cultural history, making it a delightful place for both residents and visitors.

Thriving Development in the Surrounding Area

Igalo is on the cusp of significant growth, making it an enticing prospect for investors. The real estate market in Montenegro is flourishing, driven by an influx of tourists and expatriates drawn to the region’s natural beauty and favorable living conditions. Key features of the development in this area include:

– **Proximity to Healthcare**: The renowned Igalo Institute, famous for its health and wellness programs, attracts wellness seekers from all over the globe.
– **Outdoor Activities**: With numerous hiking trails, stunning beaches, and water sports opportunities, the area is a paradise for outdoor enthusiasts.
– **Cultural Attractions**: Historical sites such as the old town of Herceg Novi and the stunning fortress ruins draw visitors and tourists, ensuring a steady demand for rental properties.

These developments not only enhance the desirability of the area but also provide a strong foundation for future growth, making your investment in this urban plot increasingly valuable.

Strategic Investment with Proven Returns

This urban plot stands out as a promising opportunity for crafting a luxurious residence or a dynamic rental property. With the construction index set at 0.4 and a site occupancy index of 0.2, you have notable flexibility in design and functionality.

Imagine constructing spacious villas or attractive apartments that cater to both long-term residents and short-term holidaymakers. The possibility of custom architecture combined with the natural splendor of the surroundings creates a canvas for investment that promises longevity and profitability.

Understanding Your ROI Potential

The investment potential of this plot is further validated when we delve deeper into the return on investment (ROI). With construction at an estimated 599€/m², your total expenditure of approximately 271 446€ can be strategically leveraged to maximize profitability.

Consider the rental income:

– **Summer months (3 months)**: Average rental rate of 1 200€/month
– **Winter months (9 months)**: Average rental rate of 800€/month

This results in a projected annual income of 20 400€, making your investment not only viable but attractive as well.

ROI Breakdown

Annual income: 20 400€
Investment: 271 446€
ROI = (Annual Income / Investment) * 100 = (20,400 / 271,446) * 100 ≈ 7.5%

This simple yet effective calculation illustrates an outstanding ROI of 7.5%, situating your investment as a wise financial decision in an evolving market.

Conclusion: A Pathway to Prosperity

In conclusion, this urban land in Igalo is more than just a piece of property; it is a gateway to an alluring lifestyle and a profitable investment. The intriguing blend of natural beauty, cultural richness, and increasing demand positions this plot as a pivotal opportunity for any discerning investor. Seize this chance to cultivate your dream project while securing a solid return on investment—your future begins here in the beautiful coastal haven of Igalo!