About Montenegro

Now, the secret’s out and this stunningly beautiful and diverse country is tipped as one of the most dynamic property investment hotspots in the world.


Thanks to its breathtaking countryside, glorious coastline and tourism potential, Montenegro is a country of remarkable geographical contrasts. Its unspoilt Adriatic coastline, with azure seas and hidden coves, sits alongside shimmering glacial lakes, lush forests, soaring mountains and picturesque villages. The undisputed jewel in the crown is Boka Kotorska - the Mediterranean’s only fjord.

KEY FACTS

  • Steady economic growth
  • Excellent climate
  • GDP growth 4.5%
  • Growing FDI levels
  • Free trade zone status

 

RENTAL RETURNS AND TOURISM

In 2005, the World Travel and Tourism Council highlighted Montenegro as the fastest growing Travel and Tourism economy in the World. With over 80 tour operators now receiving holiday makers from over 15 different countries worldwide demand for luxury accommodation is rife. Rental yields can be as high as 8% net, with most off plan new properties coming with rental guarantee programs.

 

CAPITAL APPRECIATION AND THE PROPERTY MARKET

Dubbed as the new “Croatia”. The potential for capital appreciation in Montenegro is significant with most properties being sold off plan, at up to 30% discounted market rates in compensation for the delivery time frame of 18 months. Many are looking to this new and fresh destination as the cheaper alternative to its popular neighbour. Economists believe
Montenegro will offer the same levels of capital appreciation as Croatia which in the last
two years has achieved on average 47.5% increases.

Montenegro, in the News...

"To join the eurozone..... Montenegro already meets some of the tests. It has
a budget surplus of 3 per cent and a public debt of 35 per cent of GDP."

http://www.ft.com/cms/s/0/71c9a8f2-74ef-11dc-892d-0000779fd2ac.html

 

"Real GDP growth rate (2006/2005): 6.5%."

USA Department of state

 

"The Euro replaced the DM on March 31, 2002. The country established the
lowest corporate tax rate in the region (9%)."

http://www.state.gov/r/pa/ei/bgn/70949.htm

 

"The European Union signed visa agreements with five Western Balkan nations yesterday making it easier and cheaper for citizens from those countries to travel to some parts of the 27-nation union. Agreements were signed with Albania, Bosnia and Herzegovina, the Former Yugoslav Republic of Macedonia, Montenegro and Serbia on simplifying travel documents."

http://www.ekathimerini.com/4dcgi/news/world_&xml/&aspKath/world.asp?fdate=19/09/2007