Buying property in Montenegro for investment offers anyone wanting to invest in property a superb opportunity for big capital gains.
The country was recently voted one of the top 5 overseas investment destinations and investors are looking at property investment in Montenegro and its advantages longer term and buying in increasing numbers.
Why Montenegro Property Investment is rising in popularity
Many countries that have recently joined the European Economic have seen strong growth in property prices and Montenegro look set to follow this trend.
Montenegro could could join the EU as early as 2010 and has already adopted the euro as its currency.
Montenegro's property market offers capital growth potential on property values, but there are also great buy-to-let options in the cities and popular tourist resorts.
Montenegro Facts
Montenegro is a small country of just 14,000 sq km. that sits in the Balkans.
It recently voted to become fully independent of Serbia in 2006 of which it had a loose federal union with after the break up of Yugoslavia in 2003.
Montenegro maybe small but has something for everyone from:
The fascinating capital of Cetinje, to rugged mountains, breathtaking river gorges such as the awesome kotor fjord and finally, the beautiful beaches of its Adriatic coastline.
With approximately 200 kms of coast and some of the most stunning bays in the Mediterranean, like the Bay of Becici - Montenegro has much to offer and is far cheaper than its near neighbor Greece.
So why should you buy be looking buying property in Montenegro?
1. The best value in Europe
Capital appreciation according to the World Travel and Tourism Council should see growth of up to 20% between 2005 and 2014; and the 'value of Montenegrin property should triple or quadruple, given the huge surge in demand.
2. Tourism set to boom
In 2005 Montenegro was chosen as the #1 Country for tourism growth over the last ten years, by the World Travel and Tourism Council.
The government is committed to the development of tourism having realized that there is exceptional potential in this area.
The potential can clearly be seen in the recent development of the Tivat marina, costing in excess of $600 million and more such developments look to follow.
Montenegro benefits from close transport links to Dubrovnik's International Airport, which offers competitive and regular flights in and out of Croatia.
Getting Dubrovnik takes only around 20 minutes.
In the near future, the budget airlines are expected to reduce the cost of flying to Montenegro as its popularity increases as a tourist destination.
3. Rental yields and capital growth potential
Montenegro is short of quality summer rental properties to accommodate an ever-increasing number of tourists visiting Montenegro beautiful Adriatic coast.
This means, rental yields should remain strong for the foreseeable future.
4. Montenegro enjoys a low cost of living.
This includes the cost utilities, making it extremely attractive for renting out investment property to the tourists.
5 Montenegro has a booming economy
The economy is strong and overseas investment is increasing, when Montenegro joins the EU investment will accelerate.
6. The buying process is straightforward
The buying process is relatively straightforward and transaction costs and taxes are cheap.
Montenegro property investment looks a great investment for long term investors all the above will come together to create both capital growth and lucrative income from buy-to-let properties.
With average growth of 30% per annum and far higher in many locations and strong growth likely to continue astute property investors are buying property in Montenegro for high rewards and low risk.
If you are looking for the next property hot spot consider Montenegro Property investment and you may be glad you did.
