Special edition newsletter
Real Estate & Construction - Market-changing investments
Nataša Grdinić, CEO of CMM Investment Consulting Group - Luxury residential complexes in the heart of Budva as a unique investment opportunity
(Photo: CMM Investment Consulting Group/Nikola Vukilić)
Besides providing all services related to real estate in Montenegro, this company is particularly proud of the three premium complexes they are developing in Budva. Royal View Resort and Spa City 5*, Sunny Side Resorts & Spa and Pine Village are projects that, each in its own way, are pushing the boundaries when it comes to residential complexes in Montenegro.
Luxury accommodation units, outdoor and indoor swimming pools and spa centers, conference rooms and coworking spaces are only part of the content that will be available to future tenants. With special off-plan prices with attractive repayment methods, and a secure return on investment, it is clear why buying real estate in one of these complexes represents a unique investment opportunity.
We talked about these projects, business and future plans of the company with Nataša Grdinić, executive director and partner in CMM Investment Consulting Group.
This year is, by all accounts, a very successful one for CMM Investment Consulting Group. In addition to being recognized once again by Top Business Montenegro for the best real estate agency, you recently announced entering into an alliance with Chestertons Global, a growing international real estate network. What does this partnership mean for the company? And what benefits will this cooperation bring to your clients?
- The alliance with Chestertons Global confirms the position of CMM Investment Consulting Group as one of the leading companies in the real estate sector in Montenegro. In addition to winning the award for the best real estate company in 2024, our company, CMM Investment Consulting Group, can also boast of numerous regional and international awards, among which the European Property Award, a prestigious award given in London, which is considered the most prestigious, certainly stands out by recognition in the real estate field in Europe.
Cooperation with Chestertons Global represents a significant step in our strategy to expand international services. Through this cooperation, we will take advantage of the opportunity to additionally and internationally expand our activities in real estate sales, investment consulting and investments in development projects to the global market using the network and resources of Chestertons Global.
In Montenegro, more precisely in Budva, you are developing projects that attract a lot of attention from investors. You recently presented the newest 5-star Royal View Resort and Spa City complex, which will certainly push the boundaries when it comes to real estate offers in the Montenegrin tourism capital. Can you tell us more about the project itself? What amenities will it offer to future tenants?
- Royal View Resort and Spa City 5* is a luxurious and unique residential complex, located in a beautiful environment, in the very heart of Budva. Thanks to its elevated position, a panoramic view of the sea is available from the lowest level of the building. From our complex Royal View Resort and Spa City you can enjoy panoramic views of the Adriatic Sea, the magnificent islands of Sveti Nikola and the famous Sveti Stefan, as well as a view of the charming Old Town.
It is designed as a luxury apartment complex with a rich infrastructure that includes a 24-hour reception, a 25-meter outdoor infinity pool with a poolside bar, as well as an outdoor and indoor pool heated to 34 degrees and open all year round. In addition, a spa complex will be built with an indoor pool about 15 meters long, jacuzzi, sauna, hammam, salt room and massage room. The complex will also have a fitness room, a fully equipped gym, an outdoor yoga area, a 50-square-meter children`s playroom, a conference hall and a 300-square-meter coworking space. Additionally, the complex will offer full concierge service, a spacious reception area, meeting lobby, handicap accessible transportation, storage and parking space in the underground garage, and luxury penthouse apartments with private rooftop relaxation areas, including a Jacuzzi, open kitchen, and fireplaces, one of which has a private pool.
The accommodation facilities of the Royal View Resort & Spa City 5* complex include over 150 residential units of various types, from one-, two- and three-room apartments to penthouse apartments with roof terraces. As we have already mentioned, Royal View will be enriched with various business facilities, which are unique on the market when we talk about residential complexes.
Royal View Resort & Spa City (Photo: CMM Investment Consulting Group)
- The implementation of the project starts now, and we will move in the first tenants in the season of 2027.
Given that the project was recently launched, have sales started and are there any customer benefits in terms of pricing and repayment plans?
- The sale of residential units of the complex has already started and this is currently the most sought-after and most interesting project. Special off-plan prices with an attractive repayment method are currently in effect. Also, what can be very interesting to investors are our special investment offers that include five or more residential units in a package, preferably whole floors. Given the uniqueness of the Royal View Resort and Spa City 5* projects, future investors can expect a very high return on investment of up to 70%.
In addition to this, you continued the implementation of the Sunny Side Resorts & Spa project. How was this complex conceived, who is it intended for and what benefits do you offer to clients?
- This residential complex, located about 600 meters from the sea, offers a beautiful view of the Adriatic Sea and a stunning mountain landscape, combining mountain and sea air that creates a pleasant and healthy climate. Everything is within walking distance - the beach can be reached in five minutes, and restaurants, shops and pharmacies in 10 minutes. The complex offers a level of service comparable to five-star hotels, including a 24-hour staff to maintain cleanliness and order.
Sunny Side Resorts & Spa (Photo: CMM Investment Consulting Group)
Sunny Side Resorts & Spa presents a unique investment opportunity, characterized by a luxurious lifestyle, a variety of amenities and a sure potential for future value growth. Thanks to its excellent location, exceptional design and construction quality, as well as infrastructure consisting of three receptions, three swimming pools (two outdoor pools and one indoor), two gyms, two Turkish baths, two Finnish saunas, massage rooms, conference rooms with a capacity of 50 persons, coworking space and children`s playroom, this complex offers a lifestyle of unparalleled sophistication amidst the stunning beauty of the Adriatic coast, as well as the possibility of renting during all 12 months of the year, which will bring a higher return on investment.
At what stage is the realization of the Pine Village project?
I can say with great pleasure that we are satisfied with the pace of implementation of the Pine Village project so far and that the rough construction works are coming to an end.
Installation works are currently underway, and at the same time we are working on landscaping the grounds, with the aim of creating a space that will meet all the needs and expectations of our clients.
We expect the project to be completed by the end of May 2025, and we are proud to say that Pine Village will be the perfect place to live, relax and enjoy.
In addition to development, construction and sales, the CMM team also provides real estate consulting. What services, that is, what kind of support do you provide to clients who decide to buy real estate in Montenegro?
Support for customers who decide to purchase includes a wide range of services:
- Assistance in buying real estate, including apartments, villas, houses and commercial buildings. Our portfolio includes real estate in prestigious locations throughout Montenegro, such as Budva, Kotor, Tivat, Herceg Novi, as well as other attractive destinations.
- Investment consulting, a very important service offered by the CMM Investment Consulting Group company, because it involves advising clients interested in investing in real estate, including identifying profitable investment opportunities and developing investment strategies.
- The real estate management service is equally important because it involves the maintenance, rental and administration of real estate to our clients, real estate owners in Montenegro.
- Interior design and furnishing service - helping clients design and furnish interiors according to the highest standards, adapted to their individual needs and aesthetic preferences.
- VIP club - premium and unique service of our company. CMM Investment Consulting Group provides all its clients with membership in its VIP club. Membership in the VIP club includes the support of a personal manager who is available 24 hours a day for all your requests. Your manager is here to help you from the simplest requests, such as restaurant reservations, to organizing excursions, trips or charters. All members of the CMM VIP Club also receive a card that allows them up to 20% discount in selected restaurants, wellness centers, hotels, salons, etc.
Pine Village (Photo: CMM Investment Consulting Group)
Why do you recommend Montenegro as a country suitable for real estate investment?
- Montenegro is a country with a growing market potential thanks to popular and attractive destinations on the coast, it is a member of the NATO alliance, and at the same time it is striving to join the European Union. Investments in real estate can open doors for further business investments and connections with European markets. We are connected by direct flights to all European cities, the tax regime is one of the lowest in the region, while the inheritance tax is 0%. We have 260 sunny days, five national parks and are a member of the UNESCO World Heritage.
Attractive locations such as Budva, Kotor and Herceg Novi increasingly attract tourists, and therefore investors and buyers, since real estate rental can bring stable income throughout the year, especially during the tourist season.
If we add tax breaks for investors, the possibility of obtaining citizenship and residence permits for foreigners, and the geographical location of Montenegro, we can say that investing in real estate is investing in your future.
What are the company`s plans in the coming period? Are you planning projects in some other cities in Montenegro, but also in Serbia and other countries in the region where you are already recognized as a reliable partner to your clients?
- Our team is working hard on developing new projects in Montenegro, and among the first is the development of residential villas and spa resort projects near Tivat.
We are also planning to expand our range of services in the field of real estate, consulting and investments to other areas, among which the prestigious Dubai is in focus. Accordingly, we are proud to announce that our partner Chestetons Global is organizing the Polo in the Park Dubai event in November.
When it comes to Serbia, we are intensively developing our activity with a factory for the production of bathroom equipment, while at the same time we are conquering the market with our Webe sinks for shower cubicles.
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"Real Estate & Construction - Market-changing investments"
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