Apartments Thyme K16

The K16 Peak, part of Kolasin Valleys resort, covers an area of ​​270,000 m2 and is located on the northern slopes of the Bjelasica mountain at an altitude of 1600 m.

Resort K16 will be the first ski-in/ski-out concept in Montenegro. It will consist of two zones of high-class hotels and apartments and a zone of exclusive mountain houses, typical for the northern region of Montenegro. All units within the hotel zones will be hotel-managed.

Thyme Residences hotel which will complete the first phase of K16 Peak, will have 98 units spread over 5 levels. Studio apartments of 27 m2 start at 151,603 eur and one-bedroom apartments of 35 m2 are available at a starting price of 191,388 eur.

Besides studio and one-bedroom apartments, Thyme Residences offers two-bedroom duplex apartments of 54,5 m2 at 378,032 eur and unique two-bedroom 63 m2 apartments at the price of 436,521 eur.

We recommend a one-bedroom apartment of 35 m2 at 213,273 eur.

Future owners of apartments in Hotel Thyme benefit from:

Full Hotel Management and Maintenance of the unit

Free use of SPA on two levels

Free Valet service and parking in the Hotel garage

Concierge services

Free daily housekeeping service

Discounted price on all requested services (Breakfast, beauty center, Ski rental, Ski room services, F&B outlets)

The resort is located right next to the ski slope, only 12 km from the center of Kolasin and 60 km from the capital Podgorica, which can be reached by highway. The nearest National Park Biogradska Gora is 30 km away, and the nearest airport in Podgorica is 73 km away.

At 6,093 € per m² this listing sits about 62% above the median for Kolašin, which stands at 3,750 € per m² across the 8 properties we hold there. A premium usually buys position: the first line, a higher floor, or a completed build rather than one still under way.

We currently hold 8 properties in Kolašin, running from €168,289 to €550,000; by price this one ranks 7 of 8. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €213,273 for 35 m², transfer tax comes to €7,664 — an effective 3.6%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.

Within 5 km of this address we hold 3 other for sale listings, asking between €168,289 and €292,300, with a median of €251,000. At €213,273 for 35 m² this one ranks 3 of 4 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.