The North of Montenegro is Coming
In this article you will get to know about the main regions of Montenegro and especially about the North of this beautiful country. What makes Northern Montenegro unique? What are the best places, the main investment attractions, economic growth drivers and how will the near future of Montenegrin mountain tourism look like?
Three main regions of Montenegro.
According to the effective national legislation, there is no administrative division of regions in Montenegro. However, the country ratified the Law on Regional Development in 2011, which introduced three statistical regions: the Coastal, Central and Northern ones. This division into three regions is most widespread, so we will use this definition as well (See the last 4 pics)
The Coast. This southern region with access to the Adriatic Sea is mainly oriented towards tourism. However, as all seaside resorts it is mostly a summer destination. Each city on the Montenegrin coast provides to its visitors charm, diversity and contrasts of its own. Herceg Novi, full of greenery, varied architecture and interesting history. Kotor, which is protected by UNESCO as part of the world cultural heritage. Then Tivat — a rather small, calm town with a world class yacht marina. Budva is a vibrant resort town, the major tourist destination with all that it implies, followed by Bar, charming town as well as international port with modern marina and hotels. Then, finally, Ulcinj, famous for its large white sand beaches and excellent conditions for wind and kite surfing. Compared with the other seaside resorts the tourism in Ulcinj is less developed and mostly regional.
The Center. It is the most populated area of Montenegro, where the main economic, cultural, industrial and educational entities are located. It includes the modern capital of Podgorica, the historical and cultural capital of Cetinje, and the economic and industrial center of Nikšić.
The North of Montenegro
The northern region is the largest by area. It is made mostly of mountains and beautiful landscapes, pure nature, skiing, hiking, and mountain climbing are the main activities there. With the reduction of the heavy industries in the 1990s, the region has seen economic difficulties and migration of the population to the two southern regions.
In the latest Montenegro Economic Reform Program 2019–2021 one of the main priorities is to intensify the development of the northern and central regions and to diversify the touristic growth. It is about diversification by region and season. While the seaside resorts provide opportunities for summer tourism only the mountain and ski resorts can host guests both in summer and winter as well.
The main drivers for growth and development of Montenegro’s North
The governmental reform measures and funds are intended to extend the duration of the tourist season, to increase the number of tourists, overnight stays and revenues generated bz the tourists as it is creating a unique touristic product with a great diversity in a brief time period, due to the geographical characteristics of the country.
The first section of the Bar-Boljare highway (41 km out of 129 km on Montenegrin territory) is expected to be finished in the middle of 2020 . After the full completion, it will be possible to get to the mountainous north of Montenegro more quickly and conveniently. The trip from Podgorica airport to Kolašin – one of the two main ski resorts of Montenegro – that now takes 90 minutes, will be done within less than 30 minutes. This connection of the northern and southern parts is expected to have a crucial economic and social significance, contributing to the development of tourism and industry of Montenegro and its neighboring countries. It is the largest capital infrastructure project under implementation in Montenegro, that costs almost €1 billion for its government .
For ski lovers, there are two main ski resorts in Montenegro: Kolašin and Žabljak (Savin Kuk), which both have best winter sports conditions to offer and are not yet overcrowded. Deep snow almost half a year and reasonable prices ensure the great holidays for visitors.
Kolašin ski resort is becoming a backbone of winter tourism in Montenegro. Kolašin 1600 Ski Resort that has just officially opened, together with the ski resort Kolašin 1450, offers as many as 45 kilometers of ski slopes with the capacity of 2,600 skiers per hour. So far, the government’s investments into the projects has reached circa €20 million, and the supporting infrastructure elements still to be developed will elevate this figure even more . Moreover, the director of the Ski Resort of Montenegro – Miloš Popović – said that €140 million will be invested in the ski tourism infrastructure by 2022.
Kolašin itself is an interesting area given that it is considered to be the center of Montenegro’s winter tourism, the fact that is promising for a value increase. Each year, new infrastructure investment is added to the ski resorts and the area is quickly gaining popularity. Currently, the real estate prices here are on average 35% lower than in the coast. Houses are currently on sale from €125,000, and smaller apartments from €50,000. Moreover, there are northern property projects among the government’s list of objects available for obtaining the citizenship by investment.
It is worth to take a closer look at the North of Montenegro.
RC Montenegro Property & Investment” is connecting the best properties and investment opportunities in Montenegro with investors worldwide. A brand of the Rufil Consulting Group. With offices in Germany (2001), Russia (2007) and Montenegro (2014). Serving our investors and customers worldwide.
Authors: Philipp Rowe/ Managing Director and Certified Real Estate Broker (Germany) and Victoria Shevchuk/ Real Estate and Investment Analyst