Montenegro property - property for sale in Montenegro
On 21 May 2006, the people of Montenegro voted in favour
of ditching their union with Serbia and becoming an independent state,
thus ending the last remaining alliance of the former Yugoslavian states.
It’s a date that will go down in history in these
parts and the referendum result means that this tiny Balkan region (about
the same size as Northern Ireland) is set for an exciting period of
progress in the near future, both in political and economic terms. And
these big developments are widely expected to have a positive effect
on the country’s property market.
One of the mains reasons that Montenegrins backed becoming
an independent state is that they felt that association with Serbia
was holding back the nation’s aspirations to join the EU. And
it looks as if they were right – the European Union’s expansion
commissioner, Olli Rehn, has already stated that he now hopes to speed
up efforts to bring Montenegro into the EU, with an agreement over closer
economic and political ties with Montenegro scheduled to be agreed by
the end of the year.
But there are no cast-iron guarantees that Montenegro
will be allowed to join the EU any time soon – especially considering
that much of Eastern Europe is already queuing up to join the European
alliance. Having said this, Montenegro isn’t sitting back and
waiting on EU accession to start reaping the benefits of its stunning
Mediterranean coastline, and the tourists are already being enticed
to this beautiful spot in ever-increasing numbers. Visitor total s are
going up year by year, and naturally overseas property investors are
keen to tap into this burgeoning holiday hotspot.
There are currently a few purpose-built developments
that are worth taking a look at, but it may also be worth considering
picking up one of the stunning historic Montenegrin buildings that are
on the cheap and getting your teeth into a renovation project. Stone-built
ruins in need of complete restoration are going for as little as £15,000,
while a recently built one bed apartment will cost from around £20,000.
It’s an exciting time for Montenegro and it won’t
remain in the background for long.
Airports: Podgorica/Tivat (Montenegro)/Dubrovnik (Croatia)/Belgrade