Modern One bedroom apartment Thea Building, with private garden terrace

Furnished, one bedroom apartment in Thea building, part of the new mixed complex Boka Place in Porto Montenegro.

The apartment offers a spacious interior area of 48 m2 and consists of an open-plan living room with a dining room and kitchen, one bedroom, one bathroom and a private terrace of 24 m2.

The apartment is sold fully furnished and comes with one garage parking space.

Future owners will have access to the swimming pool, concierge services, etc.

Boka Place holds shops, cafes, galleries, world fashion brands, a cinema and a hotel with a wellness center, with private residences above and planted open space in between — a full district inside Porto Montenegro rather than an extension of it.

Boka Place occupies higher ground above the marina; the central waterfront resort and everything in it are a few minutes away on foot.

At 7,638 € per m² this listing sits about 7% below the median for Porto Montenegro, which stands at 8,182 € per m² across the 27 properties we hold there. Below-median usually means one of three things: set back from the water, an older build, or a floor plan that needs work.

We currently hold 27 properties in Porto Montenegro, running from €400,000 to €2,750,000; by price this one ranks 18 of 27. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €550,000 for 72 m², transfer tax comes to €25,000 — an effective 4.5%. 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 73 other for sale listings, asking between €125,440 and €5,500,000, with a median of €650,000. At €550,000 for 72 m² this one ranks 41 of 74 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.