Competitive spirit is important not only in sports but also in real estate business. Real estate touches almost every aspect of life and offers huge growth potential, with values expected to rise in the coming years. The key mantra: build or buy and hold, because in real estate, money is made when you buy, not when you sell.
This message was delivered by Predrag Savović, former professional basketball player with NBA and European experience, now a successful businessman. After retiring from sports, Savović transitioned to business, co-founding IBEXMONT Advisory, helping companies with internationalization and strategic sales, particularly in real estate in Montenegro. Since 2022, he has been the business development director at Kai Capital Markets, focusing on ethical management and innovative tech startups in proptech and fintech.
Savović emphasized the competitive nature shared by sports and business, highlighting his belief in following structured processes and careful project analysis. He views real estate as one of the world’s most valuable industries, illustrating this with the example of the wine business, which heavily depends on land and property assets.
He stressed the importance of digitalization and technology in real estate, mentioning projects like Wypo and Inmoverse that enhance efficiency and transparency. Savović called for digitalization at the state level in Montenegro to streamline processes.
Key to his success, he noted, is active listening and asking questions to understand problems deeply and find solutions. This approach guided the development of innovative platforms improving real estate transactions.
Regarding Montenegro’s potential, Savović believes the country has all the assets needed for growth — beautiful coastline, mountains, and increasing interest from international investors. He acknowledged challenges like market unfamiliarity but pointed to early successes selling properties to foreigners.
He suggested Montenegro should find its own niche in real estate, positioning itself as a luxury destination while ensuring affordable housing options through regulatory measures similar to the UK’s Section 106 agreements.
On the future of real estate business, Savović advocates building family-owned villas and promoting year-round tourism, expecting property values to continue rising. His core advice: “Build or buy and hold. In real estate, you make money when you buy, not when you sell.”
