Adriatic Appraisal is a dynamic, all-around real estate consultancy, offering alongside valuation, building surveying, investment advisory, and market research services in Montenegro and the SEE region. We believe that we are a ‘new generation’ of valuers and consultants, with expertise which combines the local knowledge of our six-member Podgorica-based team, and an international level of service and professionalism in accordance with the standards of the Royal Institution of Chartered Surveyors (RICS).
We aim to provide a globally competitive range and quality of service at local fee levels.
Over the last year we carried out valuations of ca. €200 million of assets in Montenegro, having previously been responsible for the asset management of a portfolio of €600 million of commercial real estate. We are contracted with the largest local and international banks, and their wind-down entities, as well as private and institutional investors.
We have additionally offices in Bosnia and Herzegovina, Croatia, Romania, Serbia and Slovenia. We possess Professional Indemnity Insurance.
We in contact and have an extensive network of potential investors, locally and internationally, and our sales team is specialised in the brokerage for the following property types:
- commercial properties and portfolios
- distressed properties and portfolios
Backed by our asset management, valuation and building surveying team and legal partners, we provide support for the effective disposal of the banks’ distressed properties and portfolios, and for commercial properties.
We are readily available to negotiate a marketing programme for our clients’ properties and portfolios, while we focus on selling real estate ‘products’ rather than properties only. We understand that there is growing demand to present realistic profit expectations, potentially achievable yields to investors, advise them on market trends and the potential utilization of the properties, therefore, on request we also prepare the following types of analysis for our clients’ properties and portfolio to achieve the best sales results:
- investment brochures, which focuses on potentially achievable yields
- development brochures, which focuses on the introduction of achievable profits and return on investment
Adam Ragab, MRICS- Managing Partner
Adam has ten years of experience in real estate, including employment at Colliers in Vienna and in the banking sector as a valuer and asset manager. He has been active professionally in the SEE/CEE region since 2011, having led valuation, asset management and market research departments in various countries in the region, including managing a €300 million portfolio of assets Montenegro for an Austrian-based wind-down entity. He has a special interest in development properties and spatial planning. With extensive international experience throughout his career, he is fluent in English and German. Following studies in Hungary and Germany with an MSc in Engineering and Management, he obtained an MSc in Urban Design at Oxford Brookes University, UK. He has been a member of the Royal Institution of Chartered Surveyors (MRICS) since 2013.Darko Bogetic, d.i.g.- Partner, Head of Valuation and Building Surveying
Darko has 9 years’ experience in the real estate and construction field, engaged in the valuation of a extensive variety of real estate types, as well as in construction site management and supervision, and in construction design. As construction supervisor, he ensured that various challenging projects were in accordance with project documentation as well as statutory regulations. He has been involved in projects financed by the United Nations, the European Union and the Government of Montenegro, including residential buildings, apart-hotels, sport and healthcare facilities and parking garages. He has a special interest in development properties. He graduated in civil engineering from the University of Montenegro and gained international experience in Spain and Poland. He is native in South Slavic languages, speaks English fluently and he has been a member of the Association of Licenced Valuers and of the Engineers Chamber of Montenegro since 2014.Nevena Miskovic- Sales and Marketing Assistant
Nevena has been a part of our team since 2017, when she joined after an engagement in a real estate agency where she worked in Sale and Lease of properties. After graduating in Management Studies, she successfully took courses and trainings related to successful sales, which she promotes and improves in her practice ever since. Complied with her marketing knowledge and designer experience, she contributes greatly to successful sales activities. She is native in South Slavic languages and she also speaks English.Milica Popovic- Office Manager
Milica has a background in teaching and languages and has worked as office manager for several local and international companies. She has been previously employed as assistant for Montenegrin Tennis Federation in Podgorica and has been responsible for the international client liaison for local companies, while teaching at the University of Donja Gorica. She has graduated with outstanding results at the University of Montenegro, in French language and literature, and she has skills in five European languages (English, French, German, Italian, Spanish).