Property News for Montenegro

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Montenegro Property Potential Being Ripped Apart

Montenegro Property Potential Being Ripped Apart

Oh magical, marvellous and majestically magnificent Montenegro (sorry!), what are you doing?  On the one hand you have everything and then some going for you – a flourishing tourism industry that is going the right direction to become a booming and thriving tourism industry for example, as well as significantly strong levels of foreign direct investment.  And then on the other hand you risk tearing your fledgling real estate industry apart with inter political party quarrelling about who has the right to buy what.

In recent weeks there has been a heated debate raging in Montenegro about whether foreigners should have such liberal rights to purchase what they like in Montenegro in terms of real estate, and all of this fighting means that Montenegro’s property market could potentially be ripped apart.  But – that might not be such a bad thing!  We actually think that some of the politicians in Montenegro have got a very good point…

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Property in Montenegro the Problems and the Potential

As with any emerging property market Montenegro has its fair share of problems restricting the market currently and possibly likely to affect the long term appeal of property in Montenegro – but at the same time it has immeasurable potential which is why property investment activity in Montenegro is currently so high.

We’ve decided to break property in Montenegro down into the problems and the potential so that interested investors can see what they’ll be letting themselves in for if they do decide to go ahead and buy real estate in Montenegro.

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Montenegro Property’s Long Term Appeal Starts in 2007

In 2006 Montenegrin’s voted in favour of independence from Serbia even with the knowledge that in the short term this could set their nation back politically and economically.  As a result of achieving independence Montenegro lost its Council of Europe membership for example, but it gained so much more in terms of its long term attraction as a tourism destination, a country attractive for foreign direct investment and as a nation with an emerging property market exuding serious potential.

Some have remarked that Montenegro is a nation steeped in a history of black market corruption, that it is a country suffering serious infrastructure issues and a country with short term limited tourism appeal – but all of these people have got one thing in common, they are short-sighted and have not dug deeply enough when doing their due diligence on this small but perfectly formed eastern European nation.  As far as we are concerned Montenegro property’s long term appeal starts in 2007.

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Why Speculators are Buying Property in Tivat in Montenegro

Apparently Romania, Poland and the Czech Republic are the places to invest in 2007 for those seeking steady gains with Turkey, Egypt and Morocco hot for anyone with a little more risk tolerance…but then why are the really savvy investors buying property in Tivat in Montenegro and keeping quiet about it?

Tivat - with its fairly industrial image, with its out of service ship building yard, abandoned naval enclosure and fairly serious environmental issues - is a little known secret that is about to become a well known and well healed resort with a 700 berth luxury yacht marina and an international airport – that’s why speculators are buying property in Tivat in Montenegro!  Want to know more?  Then read on…

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What’s Happening to Property in Montenegro?

Montenegro finally became independent from Serbia in June 2006 and ever since then property prices in certain parts of the country have started to go up so rapidly that it’s not a question of whether local residents will be priced out of the market it is simply a fact that they already have been.  So what’s happening to property in Montenegro?

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Property for Sale in Montenegro

What does Montenegro’s independence from Serbia mean for the investment property market in Montenegro, and how should property investors assess the announcement from Serbia that they accept the Montenegrins’ wish to secede from Serbia and re-establish the independent statehood that their country lost over eighty years ago? 

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Tourism Growth Will Push up Property Prices in Montenegro

The latest Tourism Satellite Accounting Report released by the World Travel and Tourism Council (WTTC) this month indicates that for the third year in a row Montenegro tops the league of travel and tourism economies, proving that the Montenegrin government’s active objective to maximise tourism potential is literally paying dividends.

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Tourism Driving Economy & Property Market in Montenegro

According to a recent report produced by the World Travel and Tourism Council, Montenegro’s tourism sector could achieve annual growth in demand of 10.3% over the next ten years which would result in travel and tourism GDP rising by an estimated 9% annually for at least a decade. 

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