House for Sale in Prčanj

Explore the Potential of Coastal Living in Prčanj

Located in the heart of Montenegro’s breathtaking coastline, Prčanj offers a unique blend of tranquility and vibrancy, making it an ideal destination for both living and investment. This charming house for sale provides not only a serene retreat but also a gateway to the flourishing real estate market in Kotor, ensuring that your investment continues to grow over time.

Neighborhood Development

Prčanj is evolving rapidly, with various developments enhancing the appeal of the region. From upscale restaurants to boutique shops and wellness centers, the area is becoming a hub for those seeking the perfect balance of relaxation and activity. The proximity to Kotor, a UNESCO World Heritage Site, further boosts its desirability. Investors can take comfort in the fact that a thriving local economy is supported by increasing tourism and a burgeoning expatriate community.

– **Culinary Delights**: Savor Montenegrin cuisine at nearby restaurants where fresh seafood and local wines are a highlight.
– **Cultural Attractions**: Explore the rich history and stunning architecture of Kotor, just a stones’ throw away.
– **Outdoor Activities**: Benefit from easy access to hiking trails, snorkeling spots, and sailing opportunities.

Local Attractions

Imagine waking up to the mesmerizing views of the Bay of Kotor, where the mountains meet the sea. Your new home in Prčanj puts you within minutes of numerous attractions:

– **Kotor Old Town**: Wander through cobbled streets filled with ancient fortifications and charming squares.
– **Perast**: Only a short drive away, this picturesque town is famous for its stunning baroque architecture and nearby islands.
– **San Giovanni Fortress**: Hike this famous trail for panoramic views and a taste of Kotor’s rich history.

This property’s prime location allows residents to enjoy these attractions without sacrificing the peace and quiet that comes with suburban living.

Investment Outlook in Kotor

Owning a home in Prčanj not only offers immediate pleasure but opens doors to lucrative investment opportunities. The real estate landscape in Kotor has demonstrated consistent growth, attracting both foreign and local buyers. With its captivating beauty and increasing demand, investing in properties here is akin to possessing a treasure that will only appreciate in value.

ROI Analysis and Income Potential

The financial advantages of this property are particularly compelling. The anticipated rental income illustrates its potential as a poised investment in the Kotor real estate market.

– **Rental Income Breakdown**:
– Peak Season (Summer): 1 200€/week x 12 weeks = 14 400€
– Winter Rentals: 500€/month x 12 months = 6 000€
– **Total Annual Income**: 20 400€

With the cost of the property at 352 000€, the calculated ROI becomes an impressive and appealing figure.

Profit Calculation

Total annual income: 14 400€ (summer) + 6 000€ (winter) = 20 400€.
Cost of property: 352 000€.
Estimated ROI: (20 400€ / 352 000€) x 100 = 6.38%.

In essence, this house not only embodies the essence of coastal living but also serves as a prudent financial investment with a compelling 6.38% ROI. Seize the opportunity to own a piece of paradise in Prčanj, where stunning views and investment potential intersect beautifully. Don’t let this opportunity slip away—invest in your future today!