Ulcinj Riviera

The southernmost reach of the Montenegrin coast, five kilometres from the Albanian border, anchored by Ulcinj's old town perched on a cliff above the sea. Velika Plaža — 13 kilometres of unbroken sand — is the longest sandy beach on the Adriatic, a rarity in a coast dominated by pebble and rock. Ada Bojana, a river-island at the Bojana delta, hosts naturist tourism and kitesurfing. Albanian cultural influence is strong — prices are the lowest on the Montenegrin coast. The investment thesis is patient and speculative: buy significantly undervalued, hold for EU accession tailwinds.