About Real Estate in Montenegro
An astonishing growth of interest
In Montenegro, the interest for buying property started when Europeans and particularly British started to notice Montenegro is as attractive as Croatia yet the prices were much lower, with many advantages Montenegro had to offer to property buyers like having no legal restrictions on purcases made by foreigners and having an euro for official currency. Furthermore, many regions along the coast were relativly undeveloped and had excellent investment potential since number of visitors started to rapidly grow and it was obvious that putting a money in real estate or construction will lead to nice profit. Russian buyers also started to invest in Montenegro real estates, buying large lots, sometimes kilometers of land along the coast followed by British buyers who seemed to be more interested in old houses in Boka Kotorska bay. Several respected newspapers in UK, Germany, France and even USA made an articles about growing real estate market in Montenegro and TV coverages about Montenegro were aired several times on BBC and other networks. Property buyers from Germany, France, Netherlands, Scandinavian countries started noticing Montenegro as a new destination for their property investment endeavors. The rush to get a favourite Montenegro property has begun across the Europe.
That is, in few shot lines how a real estates in Montenegro exploded into one of the most attractive property markets to put your money in. At a time of writing this text, beginning of 2007 the zenith in property investment not only that hasn't been reached yet but it seems that the biggest years for investing in Montenegro are coming.
Newest Properties (in construction)
Where to buy property in Montenegro?
With all governmental incentives, investors on a small and large scale are buying property in Montenegro, mainly along the country’s coastline. Small towns near ski centers to the north, such as Zabljak started to get some attention as well. But mostly the coastal properties are being grabbed up. Budva, which has been a beach hotspot 20 years ago for Germans, who want sunshine every day is one of the top focused areas for development in Montenegro. Surrounding Budva are not only pristine beaches, but mountains, cliff faces, and various outdoor excursion possibilities. Other cities in Montenegro that are frequented by tourists each year are Kotor and few very small but extraordinary places like Perast, Prcanj and Krasici. The Kotor Bay area has become exceptionaly popular for real estate investments The popularity of restoring an old house somewhere along the bay has widely spread through European property buyers, which makes the market becoming more saturated each year.
Choosing a real estate agency in Montenegro
Since the for long time Montenegro real estate market was so undeveloped finding and purchasing property requires the work of a professional real estate agent. Rather that looking around the coast to talk to the property owners in hope to get a good bargain for a plot along waterline or old ruin with beautiful sight, better to contact an agency who is willing to do a professional job of finding a holiday home in Montenegro. Thing is, many people right now are involved in real estates in Monenegro yet not all of them are professionals. If you don't give credence to a trusted, legally registered real estate company you may end up paying more to feed up the chain of intermediaries
Montenegro started to boom in in both industry and tourism. With such a vast expanse of land with a medium population, Montenegro has a lot of appeal to those on the market for a holiday home in an exotic location. With land prices rising, the time for investment is still open, but you’d better hurry before this new discovered jewel of Adriatic gets oversaturated.
About this web site
Real Estate Montenegro is web site that aims to present you the most updated real estate database in Montenegro. The property listings have been advertised and put through respectable Montenegro real estate agencies and this web site can not quarantee the quality of service nor is responsible for the accuracy of informations in property listing. However, the highest assurance has been made that all advertisers are legal entities with real estate business held in Montenegro.
You can access the property listing here. We hope that your real estate search in Montenegro will be succesfull and wish you a nice time spent here in Montenegro. If you have any questions please do not hesistate to write us an email.