Montenegro
One of Europe’s newest emerging overseas property & real estate market that has recently caught the eye of shrewd property investors and buyers. The progressive government has already adopted the Euro, showing that EU membership is a top priority. This can bring massive overseas property and real estate growth as countries such as Bulgaria and Romania have proven.
Tourism numbers are almost as high as the population and are expected to surpass the 1 Million mark for 2007. Plans are in place for the development of marinas and new developments are now appearing on the coastline to cater for the increased demand for overseas property and real estate accommodation.
As with any countries that is on the cusp of a tourism boom, this is the time that overseas property and real estate investor and buerys are normally chomping at the bit. Overseas property and real estate prices have already seen a steady 20% increase per year with some locations even having price increases of 90-100% per year.
With a new infrastructure being built and the transformation of areas into luxury hotspots this could be set to continue years to come.
Why Invest In Overseas Property & Real Estate In Montenegro
- Tourism Boom happening.
- The need for more rooms and beds.
- Government improving country to receive EU membership.
- Steady property price increase of 20% per year.
- Property demand looking to out strip supply causing huge property growth.
- More annual tourists than population shows a potentially strong rental market.
- New marinas, infrastructure and tourist hotspots being created.
Key Facts
Capital:Podgorica
Money:Euro
Language:Serbian
Flight time from UK:3-4hrs
2006 property Growth:30%
Potential Rental Yields:7-9%
