Montenegro is a small country with a big vision. It set out to attract developers of homes, hotels and resorts twenty years ago and that strategy is now creating some exciting opportunities for those looking to buy a home abroad. Development of second homes to date has been focussed mainly on the coast but now there are some exciting investment opportunities opening up inland in Montenegro’s ski capital and fastest growing city, Kolašin. Terra Homes is developing a peaceful and sustainable sanctuary of new homes in the city, that has recently received international recognition.
Since the country was given NATO’s membership in 2016, the real estate sector in Montenegro has seen unprecedented growth due to a surge of foreign investments. There is a low supply and a growing demand for luxury real estate properties with investors able to benefit from many tax incentives* and an attractive return on investment.
Buying a property also entitles the foreign owner to a temporary residence permit if there is an intention to stay for more than 90 days with the right for a permanent residency after 5 years. And there is exciting news ahead with the possibility that in 2027, Montenegro will join the EU.
In breath-taking Kolašin, Montenegro’s vibrant mountain city, there has already been huge investment into tourism with a further €700M planned. With spectacular mountain views and access to 45km of world-class ski trails, this location defines natural beauty.
Terra Homes in Kolašin is the latest award-winning real estate investment opportunity by Ena Capital. Just eight, two-bed and three-bed eco-friendly properties make up this secluded sanctuary immersed in an unspoiled environment, prices start from €750,000. The modern villas encompass a country home feel and seamlessly blend sustainability with contemporary finishes through stylistic features such as exposed concrete, panel wall décor and an open wooden rafter system, adding character and warmth.
Ms Evrim Yaman, founder and owner at Ena Capital comments: “We’re delighted to bring a brand-new, unique real estate investment opportunity to Kolašin, and proud that the scheme has been recognised as a winner by the International Property Awards. The city is spectacular and a main driver for ski tourism in Montenegro meaning it’s central to financial growth, offering wonderful benefits for investors.
“The modern villas are secluded in natural beauty and have the perfect mix of a central location, sunshine and mountains. Montenegro is one of the few places where you can lounge on a sandy beach in the morning and within an hour or so, be in the mountains. Terra Homes is a stylish and peaceful community of homes with incredible views.
“We set out to honour Montenegro’s natural beauty while offering something truly valuable to those who invest in it. To know that we’ve created something that will stand strong for generations is the real reward and a step forward in shaping the future of sustainable, thoughtful living.”
The villas are designed with sustainability in mind, Terra Homes is dedicated to protecting the natural surroundings of the homes. The project team selected eco-friendly, sustainable materials that don’t contain any synthetic components. Reinforced concrete, aerated concrete, and solid wood were utilized for wall and roof structures respectively, while local natural stone was used as a facade material to reduce transportation costs as well as the environmental impact of any harmful substances associated with transporting heavy materials.
High-performance glass and energy-saving insulation materials are used to minimize heat loss. Orientation towards cardinal directions ensures reduced loss during winter and conserved resources for cooling in summer. Solar panels power some of the electricity, pellet boilers provide heat, and electric boilers are used for hot water. Underfloor heating with lower temperature provides an eco-friendly solution compared to high-temperature systems. All these methods work together to make the villas more energy efficient.
Each property will feature a private outdoor Jacuzzi and sauna for ultimate luxury as well as a barbeque area and secluded garden. There will two allocated parking spaces per home and a children’s playground for the Terra Homes community to enjoy.
Nearby Lake Biograd is a stand-out attraction for visitors. Located in National Park Biogradska Gora, one of Europe’s three preserved virgin forests, the exquisite lake is at 1094m of altitude surrounded by three walking paths. The city also has direct access to the country’s capital of Podgorica.
Montenegro as a country offers a rich history and culture. From ancient walled towns and a UNESCO-protected national park to Europe’s deepest canyon and stunning fjord, it’s perfect for those looking to purchase a second home overseas.
The nearest airport to Kolašin is Podgorica (TGD) Airport which is 55.6 km away. There are direct flights from London, Manchester and Birmingham.
Prices start from €750,000 for a two-bedroom villa. For more information, visit www.enacapitalpartners.com/project
