Introducing the young and historical state of Montenegro as the new destination for superyachts and luxury property investment
Porto Montenegro lies on a breathtakingly beautiful 300km of coastline and crystal waters. With 240 days of sun per year, natural coves and long shores nestled between pillars of rocks on picturesque mountains; the artistic beauty of this southern European state boasts one of the best locations for the new generation of superyachts.
Located in Southern-eastern Europe, next to the coastal town of Tivat lies the luxury marina of Porto Montenegro. The area was once home to the Austro-Hungarian naval base in 1889 and became a shipyard in former possession of Yugoslavia after the Second World War. The medieval venetian town complete with historical significance and architecture was included in the UNESCO heritage to be preserved, making the town a ‘must see’ for European vacationers.
Canadian gold mining billionaire Peter Munk bought the land in 2006 with the vision of creating a marina, which would meet the needs of the growing community of superyacht owners.
Being one of the biggest luxury private-sector investments in Montenegro, the project attracted the interest of top investors such as CEO and chairman of LVMH Bernard Arnault, Lord Jacob and Nathaniel Rothchild, along with Russian oligarch, Oleg Deripaska, just to name a few.
Only a third complete, the ambitious leisure project offers a full-service home port, with 450 berths which can harbour superyachts over 250 metres long. The marina’s yacht friendly legislation creates financially attractive benefits, which include offering some of the cheapest fuel, competing with other ports in Europe. Despite the country’s independent status, Montenegro still uses the euro, and with fuel that is exempt of taxes; on some of the biggest yachts, you could save up to €100,000 per fill up.
In addition to the spectacular cruising grounds, The Porto Montenegro Residential collection is one of the fastest selling real-estate developments in the Mediterranean, selling over 200 residences since 2009. The exclusive property portfolio consists of six major residential areas; which includes 176 luxury apartments, the 5* Regent Hotel which accommodates over 52 residences, 62 bespoke properties ranging from one to three bedroomed apartments designed by world renowned architects; plus, penthouses available with spectacular views. Every property benefits from a 3,000sq metre pool deck, private balcony and terrace access with spectacular views of the clear waterfront setting.
Investment into one of these many properties gives you a permanent holiday home, or property to rent out as there is never a shortage of rental enquiries. Residence also benefit from the facilities and services of the Regent Hotel.
There are over 50 luxury fashion boutiques, bars and restaurants in Porto Montenegro, offering an emporium of international food and dining experiences to suit any occasion. To socialise with fellow yachters, join the Port Montenegro Yacht Club which also gives you access to the sports and tennis clubs. This membership gives you exclusive access to the Private Member Lounge, Platinum Nightclub and De Gustibus restaurant.
You can also explore the UNESCO National park such as Skadar Lake; ‘one of the most important reserves for wetland birds in Europe’ which is 2 hours drive north of the coast. Alternatively, 30 minutes further, you can visit one of the most spectacular mountains at the northern edge of Durmitor, The Tara River & Canyon. The river forms a canyon 1300m deep of glacial waters which are recommended viewed by water rafting.
If you are a mega yacht owner, you probably are already a member of the Lido Mar, which hosts the 3 day long ‘Superyacht Rendezvous’ event for owners of the most luxurious yachts in the world. Formally held in Monaco for the past 25 years, in 2015 this annual event was moved to Porto Montenegro which accommodates the largest boats in the world.