ontenegro is one of the operators’ brochures. This is of
most overlooked property extreme importance to the general
goldmines in Europe. With economic wellbeing of the country
absolutely beautiful terrain and and, of course, is fundamental to
rock bottom house prices, it is the growth of the property
hard to see why more people have market.
not flocked to purchase the
latest developments. Montenegro boasts numerous
geological attractions that have,
One thing to remember is that until recently, been hidden away
Montenegro is, in fact, a very from the rest of the world.
small country, approximately the Amongst these are Europe’s
size of Northern Ireland. largest canyon and Europe’s most
Therefore, there are actually southern fjord. It also has two
relatively few properties UNESCO listed heritage towns,
available for sale. namely Kotor and Perast.
Previously, Montenegro was linked The property market in Montenegro
with Serbia which was a larger is still very much in its infancy
and generally fiercer candidate and offers a lot of future scope.
both economically and As previously mentioned, this is
politically. Montenegro now wants also substantially linked to the
to go it alone and so far it is burgeoning tourist market which
looking good for this tiny little has yet to reach its full
gem of a country. potential.
Already, Montenegro is starting Developments are few and far
to gain considerable tourist between in Montenegro. Currently
interest and is now beginning to there are fewer than ten new
feature regularly in tour build developments across the
beautiful coastline. This may put off many investors;
however, this is where the more
This is not to say that there are adventurous investors can cash
not enough properties available in. Looking north, Montenegrins
to purchase. On the contrary, can see the success that Croatia
there is a good supply of older has experienced recently, which
properties that are ready for is a good indication of the
renovation and are a lot cheaper future for Montenegro.
to purchase.
Using this comparable
A renovation project can be information, experts are
purchased for as little as predicating an impressive 75
£38,000 and this includes percent rise in property prices,
spectacular views with plenty of across the country, with the
surrounding land. Alternatively, largest boom areas expected to be
a new build apartment may cost the ones that are attracting the
around £89,000, although this most tourists, at present, namely
higher price is partly down to the coastal resorts.
the lack of new build apartments
available on the market, thus One thing to bear in mind is that
pushing prices upwards. Montenegro is still very much at
the beginning of its property
In practice, the housing market boom. This country is likely to
in Montenegro is a potentially rumble upwards for some years to
risky option, because there is come. Investors wanting to make
very little in the way of the most of the gains in this
historic information available region should be prepared to
from which to draw future stick at it for the long haul.
projections.
Remember, the experts are
suggesting that Montenegro is investor, but pull out too soon
approximately three to five years and you could live to regret it!
behind Croatia and even Croatia
is still considered a relative Montenegro is certainly one to
newcomer. Getting in first has watch for the future!
clear advantages for the property
About the Author:
Providing essential information on buying property abroad, Tem Pearson is dedicated to offering all the necessary information for people looking to buy property in different countries. Visit www.buying-property-abroad.info for all the best info.
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Tem Pearson
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