Herceg Novi, located on the shores of the Adriatic Sea, attracts not only tourists with its landscapes, but also investors with its opportunities. Investing in real estate in this picturesque city can be a great way to increase your income. However, before making a decision, it is important to understand how to choose the right property and successfully rent it out to tourists.

Choosing real estate for investment in Herceg Novi

Location

  • When choosing real estate in Herceg Novi for investment, consider its location. The best options are properties close to the city center, beaches and tourist attractions such as the Old Town and the Forte Mare fortress.
  • Properties with panoramic sea or city views are also attractive to tourists and can generate higher income.

Facilities

  • The amenities offered play an important role in attracting tourists. Villas or apartments with a pool, terrace, barbecue and proximity to restaurants and shops are usually more in demand.
  • Consider providing additional services such as Wi-Fi, air conditioning and parking to meet the needs of modern tourists.

Profitability Potential

  • Analyze the rental property market in Herceg Novi to understand the potential return on investment. Research rental prices in your area, seasonality, and housing demand.
  • Consider the possibility of renting for short periods, especially in the summer, when the tourist flow in the city is most intense.

About the tourist season in Montenegro

The season on the coast of Montenegro lasts from May to October. May-June and September-October are characterized by warm, but not yet very hot weather with an air temperature of +20-25 Cº and a warm sea. In July-August the hottest time begins, the air temperature reaches +35 Cº, at this time Montenegro is visited by the largest number of tourists.
By the beginning of the season, the apartment should be prepared - registered as a tourist site, equipped for comfortable living and renovation work completed (during the season there is a ban on construction and renovation on the coast of Montenegro).
More than 16 million tourists visit Montenegro every year1, and the cost of housing starts from 30-50 euros per night.

crystal clear water and sand in Herceg Novi, Montenegro

Examples of apartments and houses suitable for investment

Beautiful studio in Igalo with a terrace 70 meters from the sea - 75000 euros.
Cozy, bright apartment in Djenovici, a 5-minute walk to the sea and Portonovi marina - 105000 euros.
Spacious apartment in Igalo with two bedrooms and panoramic sea views 2 minutes walk to the beach - 170000 euros.
Duplex in Igalo with panoramic sea views 200 meters from the sea - 188000 euros.

Renting out real estate to tourists, what is worth considering

So, we decided how to choose a suitable object, looked at examples and learned about the main features of the tourist season on the coast. Now let's move on to how to make sure that your guests find you and are satisfied with their vacation.

Creating an Attractive Ad

  • Create an informative and attractive listing for your property, including high-quality photographs and a detailed description of amenities and location.
  • Optimize your titles and descriptions for keywords such as “villa for rent in Herceg Novi” or “seaside apartments”.

Internet promotion

  • Use online booking platforms such as Airbnb, Booking.com and others to reach a wide audience of potential guests.
  • Update your availability calendar regularly and respond quickly to inquiries from interested guests.
  • Add a property to maps, Google Maps and others, keep information up-to-date, answer questions and feedback.
  • Contact your city's tourism organization to discuss adding your site to the recommendations.

Providing quality service

  • Provide excellent service, including a clean and tidy environment, prompt responses to questions, and assistance when needed.
  • Take care of the details - working appliances, a sufficient amount of dishes, bedding and towels, unobtrusive decorative elements so that guests feel comfortable and satisfied with their stay in your property.
  • If you rent out several apartments or rooms in a house, take care of soundproofing and silence in the evening so that nothing interferes with your rest.

Conclusion

Investing in real estate in Herceg Novi and renting it out to tourists can be a profitable venture if approached correctly. By following the guidelines for choosing a property and renting it out efficiently, you can maximize the income from your investment property in this beautiful city of Montenegro.

1 Source: Monstate