Buying Montenegro Real Estate - a Case Study with ROI figures

📌 Get in touch with Ksenija for all your real estate needs in Montenegro: [e-mail]. Make sure to include your Whatsapp number if you use it.
🇲🇪 Full analysis of the real estate market in Montenegro: thewanderinginvestor.com/inte...
My Montenegro realtor Ksenija and I had a look at an apartment near Budva to do all of the return on investment numbers in detail for an Airbnb operation. Personally it's not an apartment I would invest in because of the risk of a construction site obstructing the sea views, but the point is to show real ROI figures as well as occupancy rates, costs, etc for an Airbnb investment in Montenegro.
00:00 Introduction
00:35 Why invest in Becici, Budva?
02:00 Overview of the investment property in Becici
08:53 Capitalization rate figures for an investment property in Montenegro
09:50 Seasonality in Montenegro
11:30 Real Estate transaction fees and costs in Montenegro
13:20 Digital Nomads moving to Montenegro during the low season
16:50 Airbnb property management in Montenegro
17:22 Costs of owning real estate in Montenegro
21:25 Improvements that can be made to increase the ROI
🇲🇪 Playlist on Montenegro: • Investing and Living i...
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.

[@TheWanderingInvestor]

📌 Get in touch with Ksenija for all your real estate needs in Montenegro: [e-mail]. Make sure to include your Whatsapp number if you use it. 🇲🇪 Full analysis of the real estate market in Montenegro: thewanderinginvestor.com/international-real-estate/the-real-estate-investment-market-in-montenegro/

[@Jamminn555]

Really appreciate the clear-eyed, conservative questions and approach from Ladislas. And thank you so much Ksenija for your patient answers and explanations. This is my first video about Montenegro real estate - excellent detail and a very thoughtful approach - excellent as usual from Ladislas/The Wandering Investor.

[@TheWanderingInvestor]

Thank you. Glad you found it useful. And make sure to read the full article: thewanderinginvestor.com/international-real-estate/the-real-estate-investment-market-in-montenegro/

[@dovygoodguy1296]

There's just something very special about Ladislas. Even for those of us who just enjoy his videos without actually getting involved in world wide real estate. The guy is first class....

[@TheWanderingInvestor]

Thank you ☺️ glad you like the research

[@jgm3620]

Great video with charming ksenija. Thank you for the realistic approach of the numbers. I really appreciate. Montenegro is a such a beautiful and pleasant place to live

[@domino6567]

Beautiful view on the sea, ...... and the highway !

[@Antoinette-bj8hv]

Always very honest. Thank you so much

[@Flat_Earth_Addy]

Never honest.

[@fritzmetzger22]

I love watching these videos as it makes me feel really happy about selling all my real estate and buying an ETF instead

[@TheWanderingInvestor]

😅

[@jubranalhalabi2369]

The nature there is amazing...

[@TheWanderingInvestor]

Yes. It really is. And the mountains are stunning.

[@mjhmn]

great view --- great conversation

[@ahmadhatahet9458]

Amazing video thanks

[@user-wv8zz1iv5v]

Lovely place, never been there. I’m starting to be confuse😮 To many nice places. Thank you for the excellent info, work. Very much appreciated.

[@Antoinette-bj8hv]

Always very honest

[@Flat_Earth_Addy]

Never honest.

[@lexerium7892]

Great content

[@TheWanderingInvestor]

Thanks for the beer money ☺️

[@keithboyle9794]

That is great...

[@betterpropertiespuy1591]

Hello, I am a new subscriber. I really enjoyed this video, thank you. I am currently a real estate agent in the states but looking for a possible investment or place to buy overseas. I like your advice on the changes needed for this one. I have an Airbnb but a lot of the aestics is so important to utilize the value. Good furniture, decor, colors etc. as I’m sure you know. I’ll download your info and thanks again!

[@avnirustemi1948]

That breathing though ! I’m starting to like Montenegro . It looks nice , it may be my second home away from Albania .

[@joejoehn]

Thanks 👍🏼 Please make a video about real estate investment in Varna, Bulgaria. I heard it is a good investment.

[@tiborveres6811]

Amazing, as always. Lady also. 😆

[@MrTomash11]

295k for such an ugly old appartement is crazy. But thanks for very well done informative video! Great job! 👏🏻

[@user-yj8cy8pl1w]

Too expensive, 150000 k max would be right price

[@mbvmanagement3716]

1st of all. Thank you for this very informative video. I just wonder if AirBnB fees have been included and also if there is an income tax in this locality.

[@TheWanderingInvestor]

Net for owner. Income tax: 15% but you can deduct all expenses.

[@Aloraah]

Very good content .. really. Beautifull place and Country but not very cheap anymore. Do you have any insights for RE in Lebanon? I think Lebanon, Sicily and maybe Marocco may be a good opportunity

[@TheWanderingInvestor]

Yes. Not cheap anymore. Sicily is cheap. Morocco as well. Lebanon the issue is the neighbour that does everything to keep it down.

[@gdavid123ify]

Is this unit available for rent starting in Dec 2023, for 3 months-How much ?

[@AliVirk]

I live in Turkey🇹🇷 I am intersted to move in Montenegro

[@dovygoodguy1296]

Ladislas, could you do a video discussing Airbnbs and the costs of maintenance from ordinary wear and tear as a result of the constant coming and going of Airbnb guests?

[@TheWanderingInvestor]

Tough one. It really depends on the markets and niche you target in each market. I’d probably have to go into stereotypes a lot which I would rather avoid 😅

[@dovygoodguy1296]

@@TheWanderingInvestor Right, but maybe just a theoretical sample for an interesting perspective.

[@citrine6469]

How do I become a real estate agent in montenegro?

[@mattbeks2949]

Becici is amazing I want to live there!

[@eku0]

I love Montenegro, but this is WAY too expensive for what it is. It's a good deal for the agency, but which investor would seriously consider it with this expected returns?

[@Flat_Earth_Addy]

lol You can buy an apartment for 5% of that price in Germany.

[@pamelamoyana1493]

@@Flat_Earth_Addywhere in Germany can you get a place that cheap?

[@Flat_Earth_Addy]

@@pamelamoyana1493 Everywhere. Most houses I look at about 10,000 Euros.

[@Calipeixegato]

I just went back and watched the explanation of the numbers again. She charges a 30% management fee? That seems excessive. Did she really mean that her company charges 30% of the monthly rent as the property management fee? Is that normal in Montenegro?

[@TheWanderingInvestor]

For Airbnb yes. For long term rentals a lot less.

[@KeepingItRealBro]

I'm surprised that this would have 95% occupancy rate during high season at a price of €220 p/n while renting for peanuts (comparatively) out of season. Somehow can't see the tourist demographic of mainly eastern Europeans paying that much, because I certainly wouldn't. However: No experience with that geographical area, hence surprised.

[@TheWanderingInvestor]

You saw the cars in front…some of them were very nice. Typically 4-6 people would be staying in such an apartment. On a per person basis it’s not that much. As for the seasonality, Montenegro, as a % of GDP, is the European economy most dependent on tourism.

[@Kretencekk]

I am not from Montenegro but from that area. And believe me, a lot of people rent their app during summer season for super expensive and live from this money other 7 months because no one would rent it out of season. Most of restaurants and even stores/supermarkets close during winter, and during summer everything is different

[@user-bb3co2zl3o]

Sir Montenegro visa available. I am speaking from Bangladesh, can you help me please?

[@micomarinas2753]

is there any possibility that Montenegro will bring back it's cbi program? the place for me is definitely perfect for investment 👍

[@TheWanderingInvestor]

Nope. They really want EU membership and the EU is dead against.

[@id23_]

ROI is calculated after all expenses...so its about 4.4% if all else remains equal.

[@TheWanderingInvestor]

5.5%. All costs were deducted. I guess my table is not very clear.

[@munawarhussain3957]

Can I got property, I am from pakistan

[@gdavid123ify]

Did you say No Elevator? !!!!!

[@sasharadjenovic4230]

Keep moving "Mr. Investor"....you and the rest of your slimy ilk!!! HANDS OFF!!!

[@user-tf4hu7ei3x]

True this guy is so uptight and english..most entitled people on earth ...

[@soundslight7754]

The guest pays through the nose. The owner puts up the capital, carries all the costs and risks to make below inflation returns. Is this an investment or day robbery?

[@Flat_Earth_Addy]

lol $300,000 for an apartment. In a country where people make $30 a month. lol

[@troymills9437]

OMG Dude, let her talk!

[@Flat_Earth_Addy]

Who would want to buy expensive real estate in a dangerous 3rd world nation with poor infrastructure? Why not get something nicer and cheaper in Germany, UK, France, or some other normal place?

[@philippeprinderre1234]

I looking for to buy land or old house to renovate around bay of kotor please contact me

[@TheWanderingInvestor]

Send Ksenija an email: [e-mail]