Save Property in Montenegro from the Russians

Montenegro now officially receives more foreign direct investment per capita than any other European nation - and nowhere is the money being more obviously spent than in the property market.  And if you want to save property in Montenegro from the Russians it looks like you’re going to have to move very quickly indeed! 

Russian investment in this stunning nation is the most intense and it is also incredibly focused...and it is transforming the nation.  At Amberlamb we are divided as to whether this is damaging or positive really – because on the one hand the investment is certainly transforming the commercial real estate landscape and improving infrastructure and even the economic prospects of local citizens as it is resulting in greater employment prospects.  But then on the other hand, some of the construction that is under way is decidedly...well...Russian in taste...!

The fact of the matter is this, the Russians have decided that Montenegro is a fantastic investment bet and we can quite see why.  The tourism industry is thriving for one thing, and there was such an untouched tourism and commercial landscape to begin from.  Now there is US, UK and UAE money being invested into the nation’s real estate market - and year on year profit percentages have been in double figures for the past couple of years with no sign of a slow down any time soon. 

The benefit for foreign investors in this particular corner of Europe is that property ownership rules and regulations are straightforward with no need for the registration of costly and cumbersome limited companies for example.  On top of this, the government of Montenegro is actively encouraging investment and doing all it can to win greater international commitment.  This is resulting in a – dare we say it – win win situation…

In the latest round of ‘positive’ government interventions, Montenegro’s beaches are going up for rent – this will of course attract property and tourism based investment interest and ensure the country receives significant revenue as well as the creation of employment.  So not only are the Russians getting richer off the back of Montenegro, the government is also profiting, and slowly but eventually this increase in a nation’s affluence is transferring to the people.

In terms of the latest round of developments to be aware of – the Delta City group is set to open its first mega mall in Montenegro in the summer.  It’ll be located in the capital city of Podgorica where there is growing potential for a buy to let property investment approach.  Or for those who want to get in ahead of the (mainly Russian) crowd, there’s news that the government is seeking expressions of interest in developing “a world-class destination resort” on the Bigovo cove in Donji Grbaljon on Traste Bay near Budva and Tivat.  This part of Montenegro will likely benefit massively from the development over the medium term, and so the location represents a fantastic buy in for those looking to land or real estate bank.

There is still room to manoeuvre and profit in Montenegro’s property market – but it is getting harder and harder to beat the eager international investors who come armed with serious cash…

Special Reports: Property News for Montenegro

Montenegro Investment Property Buying Process
Buying investment property in Montenegro is buying in a truly emerging market and investors should be aware of the risks

Montenegro Property Buyer’s Guide
The real estate sector in Montenegro is emerging as one of the more exciting markets for property investors in Europe

Montenegro Property Investment Guide
Montenegro has substantial long term potential for a property investor seeking a rich emerging real estate market