Kotor Bay is one of the greatest natural spots of Europe. It is a natural fjord with lovely villas, stone houses, ruins and old mansions on its waterfront. Bay of Kotor is a UNESCO protected world heritage site with such historical pearls as Kotor, Perast, Risan and many more. On the other hand it is a center of luxury real estate development - with such projects as Porto Montenegro, Lustica Bay, Portonovi which are built up to the highest standards and attract investors willing to buy apartments or villas the Bay of Kotor. Another popular market segment for real estate in Kotor Bay are ruins and old mansions that those looking to buy property in the Bay of Kotor could restore and use as a second home property in Boka Kotorska. Most property buyers in Montenegro consider Kotor Bay a piece of heaven - that is why buying luxury property in Montenegro is usually associated with purchasing a house or villa on the waterfront in the Bay of Kotor.