Saturday, June 22, 2024
Real Estate

Remington Realty Montenegro – An Exclusive Affiliate Of Christie’s International Real Estate


Miodrag Spahić - May 25, 2024

There is only one associate who is entrusted with the use of the Christie’s brand on each individual territory and Remington Realty represents the local markets of Serbia, Montenegro and Croatia. The well-known, recognized and renowned company Christie’s International Real Estate chooses its associates according to rigorous criteria, which is why its network consists of an exclusive group of world-class brokers. Leaders in local markets, all members of Christie’s International Real Estate, including Remington Realty, operate according to the highest standards, demonstrating consistent success in the sale of luxury real estate, always under the auspices of the Christie’s brand, preserving its tradition and reputation.

Tell us about your history, experience, and expertise in your respective market, including why sellers and buyers should choose you as their preferred partner?

Christie’s International Real Estate represents a prestigious global network of luxury properties, a part of the renowned auction house Christie’s, with over two centuries of tradition in art, jewellery, antiques, and other high-quality products.

Focused on facilitating the sale and rental of exclusive properties such as villas, castles, and private estates, this company stands out with its brand as a synonym for excellence in the luxury real estate sector.

Christie’s International Real Estate operates globally with its headquarters in New York City, United States. Their engagement covers key markets in Europe, America, and Asia, and collaboration with local agencies grants them access to exclusive properties and a selective clientele.

Their affiliation with the auction house Christie’s further enriches their offering, creating synergy between luxury properties and art-works. This unique connection adds an additional dimension to life where art, culture, and luxury converge.Remington Realty, an exclusive partner of Christie’s International Real Estate and granted the exclusive privilege to utilize the prestigious brand in the territories of Serbia, Montenegro, and Croatia. With pride, the Remington Realty Montenegro branch unveils its new office nestled in the high-end destination – Portonovi in June.

Our branch in Montenegro brings Christie’s legacy to the Adriatic coast, offering unparalleled experience and insight into the local market. With a deep understanding of Montenegro’s unique real estate landscape, we provide sellers and buyers with a distinct advantage. Our team comprises seasoned professionals with extensive experience in luxury property transactions. We are dedicated to delivering exceptional service, tailored to the individual needs of each client.

Sellers benefit from our strategic marketing approach, leveraging Christie’s global network and prestigious reputation to showcase their properties to affluent buyers worldwide. Our comprehensive marketing strategies ensure maximum exposure and optimal results. Buyers choose us for our unrivaled access to an exclusive portfolio of luxury properties in Montenegro. Whether seeking a waterfront villa, ski-slope chalet, historic estate, or contemporary penthouse, our expert advisors guide clients through every step of the purchasing process with discretion, integrity, and professionalism.

How do you foresee your market in 2024 and beyond? What is the probable price growth, arrival of new projects, buyer profile and nationality changes etc?

In 2024 and beyond, the Montenegrin luxury real estate market is poised to elevate Montenegro as a destination to the next level, not only demand-wise but with the product offerings. We anticipate sustained demand driven by several factors, including the country’s growing popularity as a premier destination for luxury living, investment opportunities, and lifestyle experiences.

Price growth is expected to remain robust, fueled by increasing demand from both domestic and international buyers seeking premium properties along the stunning Adriatic coastline. On the other end, most significant movements in the high-end real estate market have been noticed in the North of the country with the development of premium ski resort properties. Both the traditionally developed coastal market and the emerging projects in the North are absolutely competitive with the most exclusive Christie’s destinations around the globe. Montenegro’s favorable tax environment and burgeoning tourism sector further contribute to its appeal among high-net-worth individuals seeking second homes or investment opportunities. The arrival of new projects is anticipated, as developers capitalize on the demand for luxury residences and resortstyle amenities. These developments are likely to offer a mix of contemporary villas, upscale condominiums, and exclusive gated communities, catering to diverse buyer preferences and lifestyles. As for buyer profiles and nationality changes, we foresee a continuation of the trend where Montenegro attracts a diverse mix of investors and lifestyle buyers from around the globe. While traditional markets such as Western Europe and CIS remain significant, we anticipate an increasing interest from emerging markets in Asia, the Middle East, and North America.

Additionally, there’s a growing interest among environmentally conscious buyers seeking sustainable and eco-friendly properties, reflecting a broader global shift towards responsible luxury living


We want to highlight the following properties from the offer:

Portonovi One&Only Private Home – Price upon request

Located at the entrance of the Boka Bay, One&Only Private Homes offer beautifully designed villas all blending in seamlessly with this remarkable landscape of mountains and sea. A Signature Private threebedroom waterfront villa is one of only ten Private Homes with a world-class resort available for a sale. Exquisitely crafted from the finest materials and finished to supreme levels of comfort, a Signature Private Villa is in total 571m2 from which 396m2interior and 175m2 exterior space. The villa is selling fully furnished with luxury furniture designed as per One&Only standards. The future owner will access to the One&Only Private Homeowner Network with benefits and exclusive perks, like property management via the One&Only booking system, giving residents a seamless service to rent their freehold property.

Luštica Bay – The Peaks Price €1,893,000

The Peaks is Luštica Bay’s most ambitious project. This hillside neighbourhood will host Montenegro’s golf residences and 18-hole course, featuring amazing views of the Adriatic and Boka Bay. The premier golf neighbourhood is Botanika, featuring impressive villas, townhouses with private pools, and one- to three-bedroom apartments.

These secluded private havens are created with sustainable architectural principles and natural materials such as stone and wood. The sophisticated neighbourhood provides seclusion and privacy, with the convenience of an upcoming town centre nearby for shopping, sports, and dining. Botanika townhouse villa with total 217m2 features three bedrooms, 2.5 bathrooms and private pool.

Penthouse, Elena Residence, Porto Montenegro – Price €4,204,980

Exclusive penthouse is located on the top floor at Elena Residence with sea view and the roof top pool. The total area of the penthouse is 449.56m2 . The apartment consists of open space living room, dining room and kitchen, three bedrooms with ensuite bathrooms, guest bathroom, large terrace around all apartment and roof top terrace with a pool, storage room, shower, kitchen, resting room and guest toilet. The penthouse is for sale fully furnished and equipped with modern and high-quality furniture and equipment; garage space also included in the price. Porto Montenegro is a leading resort community and the largest superyacht marina in the Mediterranean. Alongside its exquisite residences and 450-berth marina, the village is home to the five-star Regent Porto Montenegro hotel, world-class gastronomic outlets, bars and bistros, elegant boutiques, an array of sports, leisure and cultural amenities, innovative co-working spaces and an impressive calendar of events, together giving the destination a year-round appeal.

Contemporary Villa in Orahovac – Price Upon Request

New contemporary style villa of 526m2 in Orahovac, Kotor Bay. The villa has its own beach 20 m long, as well as a berth for a yacht up to 25 m long. Willa is selling fully furnished with the highest quality Italian luxury brands. The first floor of the villa consists with 4 bedrooms with bathrooms, gym, spa, laundry, technical room, garage with 2 parking spaces. On the second floor is located a spacious living room with fireplace, kitchen, dining room, bathroom and terrace. Outdoor space: Split level 2 terraces in the courtyard for relaxing and lounging, outdoor swimming pool total area of 70m2, parking place up to 6 cars, terrace with outdoor fireplace and contemporary outdoor design furniture and lighting.

What are some key insights and your tips of areas or property types which potential buyers should be aware of for future potential growth?

Emerging Locations: Keep an eye on emerging areas beyond established hotspots. Emerging destinations, both in the coastal area and in the North offer significant potential for growth due to ongoing infrastructure development and planned luxury projects. As an example, a premium ski resort in the North currently offers 45 km of ski trails which will become 141 km in the pipeline of several years, clearly showing the growth potential of this product.

Waterfront and Ski-in ski-out Properties: These properties with such distinctive positions typically retain their value and demonstrate strong appreciation over time.

Impeccable views: Properties gaining popularity, compared to waterfront ones are the products positioned above the hotspot locations with unparalleled views, offering seclusion and serenity. These properties are still not as valued in Montenegro and therefore offer a great opportunity for growth.

Lifestyle Amenities: Properties offering a unique lifestyle experience, such as access to marinas, golf courses, wellness centers, and cultural attractions, tend to attract discerning

buyers seeking a blend of luxury living and leisure activities.

Eco-Friendly and Sustainable Living: With increasing global awareness of environmental sustainability, properties designed with eco-friendly features and sustainable practices are gaining popularity among luxury buyers.

Off-Plan Investments: Off-plan investments in pre-construction or under-development projects can offer attractive pricing and potential capital appreciation upon completion.

What are the most interesting and exciting properties currently in your portfolio (any history or interesting facts)?

All of our offerings are handpicked to represent the best of the best, and in this issue, we will highlight just some of them. The reason why we have chosen to open the office in Portonovi project is that this is the only greenfield project in Montenegro to have a beach and a marina, while still being integrated within an existing settlement. As a part of the project, Portonovi features one of the world’s most prestigious hotel brands – being the first One&Only open in Europe at the time.

What are the primary challenges your agency faces in the current real estate landscape, and how do you address them?

The primary challenges our agency faces in the current real estate landscape include increasing competition, changing market dynamics, and evolving buyer preferences. We address these challenges by leveraging our global network, adapting innovative marketing strategies, and staying abreast of market trends to deliver tailored solutions and exceptional service to our clients.

K16 Peak Kolasin Valleys resort

Embraced within the picturesque expanse of the exclusive Kolasin Valleys resort, K16 Peak emerges as the apex of luxury and adventure. Comprising 10 hotels and 28 chalets, this part of the resort seamlessly integrates the thrill of ski-in and skiout accessibility. Offering a diverse array of activities, from exhilarating skiing and snowboarding to tranquil hiking and horse riding, it transforms into an all-yearround haven for nature enthusiasts and thrill-seekers alike. Additionally, K16 Peak will boast a myriad of indulgences, including fine dining venues, Japanese and French restaurant restaurants, a shopping center, cigar bars, whiskey bars and a spa haven.

K1450 Nest Kolasin Valleys resort

Introducing K1450 Nest, the vibrant exclusive ambiance of Kolasin Valleys Resort. This part of resort consists of 6 hotels, 7 touristic-apartment buildings and 45 distinguished chalets, each thoughtfully crafted to redefine luxury living. Homeowners of chalets can enjoy the convenience of ski rooms, ensuring seamless access to adventure with direct entry to ski slopes. Escape into harmony with the sauna and relaxing area, where tranquility awaits at every turn. K1450 Nest sets a new benchmark for sophistication and comfort, offering a retreat amidst the captivating beauty of the Kolasin Valleys. A home to discover a world where excellence meets luxury, where every detail is curated with care.

Swissôtel Resort Kolašin Kolasin Valleys resort

Swissôtel Resort Kolašin brings the renowned brand’s standards to our extraordinary location. This pioneer hotel in Kolasin Valleys resort, it’s K16 Peak village, opened its doors to first guests in January 2024. Swissotel boasts 116 rooms, featuring an all-day dining restaurant, a fine dining restaurant, and a sophisticated cigar bar, all conveniently situated at the base of the ski slope. The interior design reflects Swissotel’s commitment to luxury and functionality, with a modern aesthetic that incorporates elements inspired by the local culture. Plush bedding, sleek furniture, and state-of-the-art amenities ensure a stay that’s both indulgent and convenient.

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