Attractive Land Plot

Unlock the Potential of a Prime Location

Nestled within the stunning landscapes of Radovići, Tivat, this 2300m² land plot is not just a piece of land; it is a canvas awaiting your vision. Imagine waking up each day with breathtaking views of the bay, the gentle sounds of waves, and a serene atmosphere that beckons investors and dreamers alike. As urbanization steadily creeps into this picturesque area, the potential for growth and development is immense.

Surrounding Developments and Attractions

Radovići is deeply rooted in natural beauty, but its gem-like qualities are further enhanced by several planned developments in the vicinity. The Tivat municipality, renowned for its investment-friendly policies, is paving the way for new residential and commercial projects that promise to enrich the community.

Local landmarks are just a short stroll away. Here are some noteworthy points of interest:

– **Beaches and Waterfront**: Enjoy the pristine beaches and the enchanting waterfront promenade, perfect for leisurely walks or vibrant night strolls.
– **Marinas**: Tivat is home to luxurious marinas, such as Porto Montenegro, which lure in yacht enthusiasts and visitors from all corners of the globe.
– **Cultural Hotspots**: Rich in history, nearby attractions include the historic town of Kotor and the modernity of Tivat’s city center. Both offer a blend of culture, cuisine, and commerce.
– **Accessibility**: The plot’s proximity to Tivat Airport makes it an alluring option for international travelers, contributing to the area’s potential for seasonal tourism.

Market Trends and Investment Viability

The real estate market in Tivat is showcasing an upswing, driven by increasing demand for holiday rentals and rising property values. According to local forecasts, the area is expected to experience high appreciation rates, particularly given that the region continues attracting foreign investments. This attractive land plot is positioned perfectly within this burgeoning market.

Investing in this property means tapping into a prime opportunity as Tivat evolves into a sought-after destination. With surrounding infrastructure and amenities growing rapidly, the increasing flow of visitors and residents will continue to elevate demand for quality accommodation.

Rental Income and ROI Insights

Consider the financial prospects for your investment in this land:

– **Seasonal Rentals**: If you choose to construct a prefabricated house, starting at 599€/m², your total investment would be around 1 377 700€.
– **Projected Earnings**: With a summer rental potential of 1 500€/week for 12 weeks, plus 500€/week for 16 weeks during the winter, your total annual income could reach 24 000€.

This leads us to the Return on Investment (ROI) calculation, which provides insight into the financial viability of this venture:

Return Calculation

Total Investment: 1 377 700€
Annual Income: 24 000€
ROI: (Annual Income / Total Investment) x 100 = (24,000 / 1,377,700) x 100 = 1.74%

Conclusion: A Wealth of Opportunities

Your potential ROI of 1.74% hints at moderate returns; however, this figure may not tell the entire story. As property values in Tivat ascend to new heights, the long-term gains from this investment could be significantly greater.

This land plot in Radovići is not just an investment; it is an opportunity to be part of a vibrant community on the brink of transformation. Do not let this chance slip away. Embrace the future of Tivat and let your investment dreams unfold on this stunning piece of land today!