Sirocco Studio Apartment, Boka Place, Tivat

Modern studio apartment in the Sirocco building, which is part of the new mixed complex Boka Place in Porto Montenegro. The studio has an area of ​​46 m2 and consists of an open space with a dining room and kitchen, sleeping space and a bathroom.

The apartment is fully furnished with hotel furniture by 5* standards.

There is a garage space available for additional price of 40,000 €.

The apartment belongs to Boka Place, the newer inland side of Porto Montenegro, where a cinema, a hotel and wellness center, galleries and fashion retail share the quarter with private homes and open green space.

The Sirocco building is run by the five-star SIRO hotel, which means an owner can place the apartment in the hotel’s rental program instead of managing lettings alone.

SIRO is One&Only’s fitness-led hotel brand: 144 managed residences, a high-performance studio and a gym, and a 20-meter pool on the roof.

Built on rising ground behind the marina, Boka Place keeps the view of Porto Montenegro open and the walk to the waterfront short.

At 8,695 € per m² this listing sits about 8% above the median for Porto Montenegro, which stands at 8,082 € per m² across the 27 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 27 properties in Porto Montenegro, running from €400,000 to €2,750,000; by price this one ranks 27 of 27. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €400,000 for 46 m², transfer tax comes to €17,000 — an effective 4.3%. 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 72 other for sale listings, asking between €125,440 and €5,500,000, with a median of €644,300. At €400,000 for 46 m² this one ranks 55 of 73 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.