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Montenegro’s economic strength to buoy property market
Country: Montenegro
15 August 2008
Montenegro’s property market, which has been met with tremendous demand from British buyers over the past few years, continues to go from stength to strength, on the back of a robust economy.
Montenegro is expected to record the highest economic growth in the Balkans region in 2008, according to the International Monetary Fund’s (IMF). The country’s economy is expected to grow by 7.2% by the end of 2008.
This is likely to culminate in further property price growth, following strong appreciation over the past few years.
Additionally, it’s just been announced that Sheikh Sultan bin Khalifa Bin Zayed Al Nahyan, son of the ruler of United Arab Emirates will invest around €2bn (£1.58bn) into constructing a 5-star hotel. This reflects the growing interest from overseas investors.
Justin Faiz, managing director at Pluto Developments, told Homesoverseas.co.uk: “The IMF report confirms that Montenegro has one of the most buoyant economies in the world, at a time when growth rates are declining elsewhere. The strength of its economy reflects the open policies pursued by the government in preparation for EU membership bid, such as its straightforward property purchase process.
“High economic growth often entails a rise in property prices, making Montenegro an ideal destination for overseas investors facing uncertainty elsewhere, especially as a lot of property is still undervalued in comparison to its neighbour Croatia.”
Pluto Developments is currently selling residential units within Acacia Hill, located in the cultural and tranquil fishing village of Djenovici on the Adriatic Coast of Montenegro. The scheme consists of a selection of 36 modern one, two and three bedroom apartments. Prices range from €130,000 (£102,500) to €215,000 (£169,500).
View other property for sale in Montenegro.
Some properties in Montenegro
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Price: £37,025
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Type: House
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Bedrooms: 1
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Apartment in the centre of Budva situated only 5 minutes walk from the school, hospital, hotels etc. It is a studio apartment consisting of a living rom with kitchen and a bathroom.
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View details | Enquire further
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Price: £43,062
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Type: Apartment
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Bedrooms: 1
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Additional information
Year of construction: 2008
Number of rooms: 1
Number of bathrooms: 1
Floor: Ground floor
Parking Spaces: 1
View at: ,,na zelenilo
Distance from sea: 400 m
Distance to public transportation: 100 m
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Price: £52,318
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Type: Apartment
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Bedrooms: 1
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Apartment on the waterfront in Dobrota. Apartment is studio and has a kitchen with dining table for 4 people. Living room which can be easily transformed into a bedroom, bathroom, hallway and a small balcony. Great location!
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Price: £52,318
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Type: Apartment
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Bedrooms: 1
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One bedroom apartment located in village Krasici on Lustica peninsula. Apartment is fully furnished. It consists from open plan living room, kitchen, bathroom and bedroom. Apartment also has a balcony which gets lots of sunshine.
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Price: £55,538
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Type: Apartment
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Bedrooms: 1
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Charming apartment situated in Prcanj with lovely views to the sea. Apartment consists from one bedroom, living room with kitchen, bathroom, hallway and a balcony. It has its own parking space!
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Price: £60,850
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Type: Apartment
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Bedrooms: 1
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Additional information
Year of construction: 2009
Number of rooms: 1
Number of bathrooms: 1
Floor: 2
Elevator: Ne
Parking Spaces: 1
View at: Sea
Distance from sea: 500 m
Distance to public transportation: 200 m
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View details | Enquire further
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Price: £63,587
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Type: Apartment
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Bedrooms: 1
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Additional information
Year of construction: 2009
Number of rooms: 1
Number of bathrooms: 1
Parking Spaces: 1
View at: Sea
Distance from sea: 50 m
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View details | Enquire further
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Price: £65,196
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Type: Apartment
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Bedrooms: 1
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Additional information
Year of construction: 2009
Number of rooms: 1
Number of bathrooms: 1
Elevator: Ne
Parking Spaces: 1
View at: Sea
Distance from sea: 50 m
Distance to public transportation: 50 m
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View details | Enquire further
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Price: £66,806
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Type: Apartment
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Bedrooms: 1
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Additional information
Year of construction: 2009
Number of rooms: 1
Number of bathrooms: 1
Floor: Ground floor
Parking Spaces: 1
View at: Sea
Distance from sea: 500 m
Distance to public transportation: 200 m
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Price: £70,026
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Type: Apartment
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Apartment is situated in a new development and has a large open-plan living/dining area and partially fitted kitchen, that opens onto the balcony,
It also has a fitted bathroom and a bright bedroom.
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View details | Enquire further
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