Two-Bedroom Apartment in Igalo, Herceg Novi

Embrace the Coastal Lifestyle in Igalo, Herceg Novi

The enchanting town of Igalo, located in the stunning municipality of Herceg Novi, is not just a place to live; it’s a lifestyle choice that beckons investors and residents alike. This fabulous two-bedroom apartment, available for 171 000€, offers you the chance to not only enjoy the serenity of Mediterranean living but also to capitalize on the region’s booming property market.

Discover the Allure of Igalo

Nestled along the picturesque Montenegrin coastline, Igalo is renowned for its breathtaking views, azure waters, and welcoming community. The area’s charm is enhanced by its rich culture and vibrant social scene, making it a prime location for both relaxation and investment. Picture yourself strolling along the promenade, with cafes and restaurants beckoning you to try local delicacies as the sun sets over the horizon.

Here are some key highlights of the area:

– **Proximity to the Sea**: Just a leisurely 500-meter walk from the apartment will bring you to the beautiful beaches where you can soak in the sun or indulge in water sports.
– **Rich Cultural Heritage**: Explore historical landmarks, museums, and galleries in Herceg Novi, just a short distance away, offering a glimpse into the region’s storied past.
– **Outdoor Adventures**: The surrounding natural beauty provides ample opportunities for hiking, biking, and exploring the stunning landscapes of Montenegro’s coastline.

Attractive Development Prospects

Those looking to invest in Igalo will be pleased to know that the area is experiencing significant development interest. The local government has implemented extensive urban planning initiatives aimed at enhancing the infrastructure and tourist appeal of Herceg Novi. This includes:

– **Enhanced Public Amenities**: Improvements in transportation, healthcare facilities, and educational institutions are planned to benefit both residents and visitors.
– **Tourism Boost**: As Montenegrin tourism continues to rise, properties in Igalo are set to see a higher demand, translating to increased rental opportunities.

Financial Potential That Delivers

As we dive deeper into the financial aspect, the investment in this charming two-bedroom apartment unfolds a tapestry of promise. The projected rental income of 18 600€ annually not only showcases the potential returns but illustrates how this property can be both a sanctuary and a source of revenue.

Consider this potential: during off-peak months, rental income is estimated at 500€/month, while it significantly increases to 1 200€/month during the bustling summer season. This variance presents a lucrative opportunity for savvy investors.

ROI Breakdown

– **Purchase Price**: 171 000€
– **Estimated Annual Rental Income**: 18 600€
– **Annual Vacancy Rate**: 20%

The ROI (Return on Investment) can be calculated as follows:

ROI = (Annual Income / Purchase Price) x 100
ROI = (18,600 / 171 000€) x 100 = 12%

This 12% ROI underscores the potential for steady income and remarkable returns, making it an ideal choice for those seeking a profitable investment.

Conclusion: Invest in Your Future

Investing in this two-bedroom apartment in Igalo is not just about owning a property; it’s about capturing a lifestyle enriched by culture, beauty, and financial viability. Whether you’re looking to live in this stunning part of the world or generate income through short-term rentals, this apartment is your gateway to a promising future amidst the tranquil Mediterranean backdrop. Don’t let this opportunity slip away—embrace the chance to invest in your personal paradise today!