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REAL ESTATE AND CONSTRUCTION - From vision to investments
Historic villas on the coast for people with refined taste - Montenegrin luxury real estate also delighted the British
Tripkovic Palace (Photo: Montenegro Sotheby's Realty)
It is these historical properties that represent the character of the famous house Sotheby`s. It is a serious British brand that has existed since 1744 and values architecture, art and sophistication. They recognized this in Montenegro as well, so Niko Laković, partner and executive director of Montenegro Sotheby`s International Realty, recently presented the offer of luxury real estate in this country on the famous British television channel Chanel 4.
- In cooperation with colleagues from the London office of UK Sotheby`s International Realty, we made a presentation for the British Chanel 4 and created a great story about the Montenegrin luxury real estate market. The show was shown in prime time, had a strong response and the reactions were great - Niko Laković told eKapija.
The real gems of Montenegrin offer were presented to the British audience. Tripkovic Palace, which is located in Dobrota and is one of the most imposing baroque captain`s palaces of Boka Kotorska, attracted special attention. It was built at the end of the 18th century, at a time when the Tripkovic family played a significant role in the development of Dobrota in the areas of trade and merchant marine.
Tripković Palace is currently one of the most prestigious properties on the Montenegrin coast (Photo: Montenegro Sotheby's Realty)
The interlocutor of eKapija points out that, considering that part of the Montenegrin coast was under Venice, Austria-Hungary, there are beautiful historical palaces that have a specific value.
- We try to tell stories about them, so that they are not forgotten, but to present them to a global audience and to show them that this region has its own advantages, its own history that is not only related to wars - he says.
Along the Bay of Kotor you can see palaces from the 16th, 17th, 18th and 19th centuries.
- Their peculiarity is precisely the architecture through which you can see that some other civilization lived there, that Montenegro was part of the serious world. If you walk through the streets of Perast, you will notice that every house has Latin inscriptions, it`s a real curiosity - Laković points out.
The Vrachien Palace (Photo: Montenegro Sotheby's Realty)
- This palace is characterized by its coats of arms and ornaments. It is located near the Cathedral of St. Tryphon, needs to be reconstructed and has a well-preserved interior. It is being sold for 1.5 million EUR and can also be a great hotel - he says.
Above the entrance is the most outstanding decorative detail: a composition of angels in stucco with a baroque frame with the coat of arms of the Vrachien family, depicting a swallow. Next to the entrance is an arched street passage, above which is a room that originally served as a house chapel, the only one of its kind in Kotor.
Interior of the Vrachien Palace (Photo: Montenegro Sotheby's Realty)
We asked Lakovic how much of a challenge it is to renovate buildings like this - to preserve their original appearance, authenticity and architecture, and yet adapt them to the needs of modern man.
- It is a challenge, but the builders have adapted and trained themselves to build such palaces. What we got through a strong investment cycle is that the British came to our country and taught us how to renovate such houses. They have it in their DNA and their history, houses from the 16th or 17th century are not unknown to them. Now we have learned to do it too, we preserve the architecture, materials and elegance that those buildings have. I notice more and more people`s awareness that this heritage should be preserved. It`s a good thing that even Unesco does not allow construction of buildings that deviate from the concept of the bay - says our interlocutor.
The villas are surrounded by spacious balconies, gardens and greenery, there is a pool in the yard, and the complex also has a separate sauna with a gym. The yard and most of the rooms provide a wonderful view to the Bay of Kotor. The modern concept of living, complemented by the traditional style of construction and stone as the dominant material, gives a special charm to these villas. The price of this complex is EUR 4.5 million.
Historical complex Palazzo Jerovica in Prčanj (Photo: Montenegro Sotheby's Realty)
- These are people who, above all, love the Mediterranean, who love history, know how to appreciate the entire heritage that stands behind such buildings. They are mostly business people, who have seen and experienced a lot. They know how to recognize true values, take care of history and architecture. Although we are talking here about buildings that were built with only a compass and a ruler, at a time when there were no computers and modern programs, they have incredible beauty. You can clearly see that the people of that time knew what they were doing, that they assessed every corner, every surface, every window, that a lot of love was put into those houses. Therefore, the buyers of such buildings must be truly experienced people, who recognize all this, have love for such real estate and who, through their family upbringing and family values, have learned to appreciate it - concludes Lakovic.
Villa Casa Mare e Monti (Photo: Montenegro Sotheby's Realty)
Residential complexes
In addition to historical buildings, Montenegro Sotheby`s Realty has in its portfolio real estate in the resorts of Porto Montenegro, Lustica Bay and Portnovi, as well as residential complexes along the entire coast.
An excellent investment opportunity is Villa Casa Mare e Monti in the Blizikuće neighborhood of Budva.
A unique luxury villa of more than 2,000 m2 of living space, located on a large landscaped plot, perfectly positioned on the slope above St. Stephen. The land has an area of 8,413 m2, with a wooded area above the property, which provides additional privacy. There is also an independent fresh water well on the property, which provides an unlimited source of fresh water of exceptional quality.
The villa has a total of 12 rooms, 11 bathrooms and three toilets. The main house covers an area of 1,769 m2, and next to it are positioned a guest house of almost 300 square meters, as well as a house by the pool of 126 m2.
There is also a spa center with sauna, Turkish bath, gym... There is also a garage for parking four vehicles.
The property is located in one of the most beautiful, yet secluded and untouched places on the Montenegrin coast, 1500 m from the prestigious island of St. Stefan. It is 2 kilometers from the main road, and the Tivat airport is only 20 kilometers from the villa. Attractive locations such as Porto Montenegro, Budva, Miločer, Bar or Ada Bojana are a 10-45 minute drive from the villa.
Villa Krtole (Photo: Montenegro Sotheby's Realty)
Villa Krtole in Tivat represents a unique complex of three villas with 60 meters of private beach.
The total area of this complex is 900 m2, and it is spread over 1,500 square meters of land. It has a total of 10 rooms and 10 bathrooms.
Villas 2 and 3 are connected by a huge entertainment area, with a fireplace, a table for 15 people and a sound system.
The complex is located directly on the waterfront, on the southern side of the Tivat Bay, at the beginning of a long line of villas, family houses and cottages. The area around the entire complex is carefully arranged and maintained. In front of the complex is a berth for yachts, for boats up to 25 meters. There are also four garage spaces at street level.
Dragana Obradović
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