Published on 06 February 2008 at 09:58 am
Filed in Property News for Montenegro » Make Money from Property in Montenegro
It was back in 2006 when we first told you all about billionaire Peter Monk’s plans for Montenegro – did you believe us? I don’t think many of you did actually, no, because it’s all Russian money that’s moving in on this stunning little Adriatic facing nation – so we’re here to tell you again...you can make money from property in Montenegro, but only if you move fast!
Peter Monk is a Canadian businessman, philanthropist, risk taker and visionary who is buying up swathes of tiny Montenegro because he can see big business in creating a mega yacht marina in Tivat and now he can see big business in creating a mountain resort near Kolasin – and where Peter Monk can see big business, trust us, there is money to be made from Montenegrin real estate!
The development of Monaco mark two in the eastern Mediterranean is already underway with Monk’s purchase of the old naval yard at Tivat in Montenegro complete. Mr. Monk’s team of developers are now embarking on the transformation of this abandoned harbour into an elitist resort for Russian and European billionaire owned yachts and their guests and crew. This is not going to be the creation of a harbour from which cheap pleasure cruisers will take happy sight-seers out around the Croatian islands along the Dalmatian coast for the day – no siree, this is going to be the creation of a destination to which those who like to see and be seen will head and seek out high end boutiques for a spot of shopping and some casinos for a spot of evening’s entertainment.
And if you think you’ll have to wait to make money off the back of this little scheme, think again. If you travel the tiny and almost inaccessible roads to and from the likes of Tivat you’ll be mowed down if you’re not careful by big and imposing Range Rovers and other 4x4s because the investors and property developers are already moving in on the back of Mr. Monk’s plans.
So, make your move fast before the greedy few buy up that which we could be purchasing and profiting from! And it’s not just Peter Monk’s money and commitment that should be inspiring you to buy property in Montenegro, the politicians say they are committed to ensuring the money entering the nation is coming from legitimate sources. And to enable the country to maintain its lofty morals the World Bank and the European Bank of Reconstruction and Development (EBRD) are ploughing funds in the nation to help it along.
According to a special report on CNN, the World Bank and EBRD’s money is going into everything from roads, railways and transportation to water and power systems, airports and local banks “to create a better environment for foreign capital.” It seems that while the rest of the world is standing round in a semi-comatose state wondering about a recession in America, the sustainability of the British housing market, a global credit crunch and whether the price of oil can go any higher, a small number of highly astute individuals are transforming the landscape of a tiny European nation into one from which they will gain and profit greatly – so wake up and smell the coffee that’s brewing over in Montenegro...it’s the place to be for profitable property potential in 2008!
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