According to Serbian Economist, the largest resort hotel project in the region, Carine Resort in Baosici, is being built in Montenegro and will welcome its first guests in June 2026.
The new 5-star resort will include about 800 rooms on the coastline in Baosici, municipality of Herceg Novi.
The infrastructure will include restaurants, a wine boutique, a beer garden, an à la carte café, indoor and outdoor swimming pools, a ~1,000 m² spa center, an event hall for 500 people, an entertainment area, and an indoor park.
The opening is scheduled for summer 2026.
The project is positioned as the largest in Montenegro and the region, making it a significant bet on strengthening the country’s tourism potential.
In 2024, the country welcomed 2,606,854 tourists, who made 15,594,299 overnight stays. At the same time, 96.1% of overnight stays were made by foreign tourists.
The main countries of origin of tourists are Serbia (23.5%), Russia (18.3%), Bosnia and Herzegovina (8.4%), Turkey (4.9%), Germany (4.7%), Ukraine (4.3%), and the United Kingdom (3.8%).
Source: https://t.me/relocationrs/1513
According to the Serbian Economist, Montenegrin President Jakov Milatovic said that the country’s migration policy should be revised, emphasizing that the influx of foreigners has made housing and rent unaffordable for Montenegrin citizens. According to him, the real estate market is overloaded, and young Montenegrins are deprived of the opportunity to rent housing and combine study with work, Adria TV reported.
“Because of the large number of foreigners, a square meter of housing has become a luxury, rent has increased many times, and young people who could work, including while studying, have been left without the opportunity to earn for themselves and their families. It’s time to change the approach: first jobs and apartments for our citizens, and then open doors for foreigners,” said Milatovic.
He emphasized that migration policy should be “responsible and fair”, and the priority is to provide housing and jobs for locals and create conditions for the return of those who have gone abroad.
After 2022, Montenegro faced a marked increase in the number of foreigners, which sharply increased housing and rental prices. This was especially felt in Podgorica, Budva and seaside regions.
In the case of stricter rules of stay and rent, foreigners living in Montenegro are likely to look for alternatives in neighboring countries:
– Serbia is the most likely destination. The country is distinguished by its lenient migration legislation, proximity, common language space and developed infrastructure for foreigners. Belgrade, Novi Sad and Nis have already become centers of attraction for migrants, especially from Russia, Ukraine and CIS countries.
– Bosnia and Herzegovina is also attractive for migrants because of low housing prices, although it is much less developed in terms of infrastructure and labor market.
– Croatia – as an EU country remains an option, but high real estate prices and visa restrictions make it less accessible.
Thus, the most real “beneficiary” of a possible tightening of migration policy in Montenegro will be Serbia, where large migrant communities have already formed and where the authorities are interested in attracting foreigners to stimulate the economy.
According to the results of the 2023 census, there were 122,744 immigrants in Montenegro, i.e. people who lived outside the country for at least a year and later returned or resettled.
Of these, 35.3% were citizens of foreign countries (≈ 43,268 people).
Among the countries of origin of immigrants:
– Serbia – 45,000 persons;
– Russia – 15,000 persons;
– Germany – 7,000 persons;
– Ukraine – 3,000 persons.
In the municipality of Budva in 2023 among the inhabitants were 14 % of Russians and 4 % of Ukrainians.
https://t.me/relocationrs/1469
According to Serbian Economist, the body of Ukrainian citizen Oleksiy Polyakov, who disappeared on September 12, has been found in Montenegro. According to unofficial information, he was found near his car in the area of the Praskvica monastery.
The police and official authorities have not yet provided detailed comments.
The police reported that the lifeless body of a man, presumably Polyakov, was found near the monastery.
The mother of the missing man, Olena Polyakova, appealed to Montenegrin Interior Minister Daniel Sharanovich and the police chief to use all available resources to investigate the case. She also stated that $26,000 was withdrawn from her son’s bank account shortly after his disappearance.
According to media reports, the preliminary version of the investigation is considering the possibility of a crime, but there is no official confirmation yet.
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An earthquake struck Serbia on September 5, with tremors also felt in Montenegro. According to the Seismology Sector of the Montenegrin Hydrometeorological Institute (ZHMS), the signal was registered at 14:43 local time, with the epicenter approximately 15 km east of Senica (Golija district) with an estimated magnitude of 3.7 on the Richter scale and a depth of about 7 km. The agency notes that such a tremor “could have caused only minor material damage in the epicenter zone.”
The Serbian Seismological Service clarified the parameters: according to its assessment, an earthquake with a magnitude of 4.2 occurred in the Golija area, approximately 20 km east of Senica, with an estimated intensity of up to VI points on the MSK-64 scale at the epicenter.
No serious damage or casualties had been reported at the time of publication; reports of tremors were received from border areas of Montenegro.
In the first quarter of 2025, foreigners purchased €113.5 million worth of real estate in Montenegro (-21% year-on-year), with citizens and companies from Serbia, Turkey, and the US being the largest buyers, according to data from the Central Bank of Montenegro (CBCG) published by Vijesti.
Ukrainian citizens ranked 11th, along with buyers from Poland and the Czech Republic.
Ranking of countries by purchase volume, Q1’2025
Outside the top ten, Ukraine, Poland, and the Czech Republic are in 11th place (€2.3 million each), followed by Bosnia and Herzegovina (€1.9 million), Canada, and France (€1.4 million each). The geography of the deals covers buyers “from five continents,” the source notes.
According to CBCG, in January-March 2025, the total inflow of FDI into Montenegro amounted to €211 million, of which 54% was accounted for by real estate purchases. Other forms of FDI (investments in companies/banks, intra-group loans) declined. Monstat records a steady increase in prices for new buildings: the average price exceeded €2,000/m²; the coastal region remains the most expensive.
The rating is based on the value of transactions concluded in Q1’2025 according to official statistics from the Central Bank of Montenegro (CBCG) published in Vijesti; the countries and amounts are given in euros. The final annual results are usually published by the CBCG in consolidated reports.
Source: https://t.me/relocationrs/1340
