Real estate in Kotor

Kotor is a trio of micro-markets: Old Town (apartments in 15th–18th century stone palaces, €4,500–7,000/m², any renovation requires UNESCO committee approval), Dobrota and Muo (waterfront with bay views, €3,200–5,500/m², family villas and modern blocks), and Prčanj + Stoliv (authentic bay-side villages with stone jetties, €2,500–3,800/m², slow-tourism premium).

Seasonality is flatter than Budva because Kotor receives cruise traffic year-round. Letting yields: 6–9% gross for old town apartments with bay views; only a 2–3 point drop on long-term lets to foreign professionals.

Sigma focus: carefully restored units inside the old town walls, Dobrota villas with private jetties, and former fishermen's cottages in Stoliv that can convert to boutique apartments.