North of Montenegro

The North Region of Montenegro has transitioned into a premier year-round investment destination. Thanks to the Bar-Boljare highway, the mountain resorts of Kolašin and Žabljak are now easily accessible from both the capital and the coast. Kolašin has emerged as the ‘Flagship Resort’ of the Balkans, featuring world-class ski infrastructure and luxury brand hotels that offer managed rental programs.

Real estate in the North Region is defined by ‘Dual-Seasonality’—offering high rental yields from skiing in the winter and eco-tourism, hiking, and rafting in the summer near Durmitor National Park. From modern ‘ski-in/ski-out’ luxury apartments to traditional mountain chalets, the North Region is the top choice for investors looking to diversify their portfolio. In 2026, the North represents the most exciting capital appreciation play in the country.