Informations
Montenegro tourism overview
Tourism is without doubt one of the most imortant branches of Montenegrin economy. Each year more and more tourists are visiting Montenegro, bringing home impressions and good reviews that carry over to new visitors each year. Just by this unformal but powerfull form of "viral marketing" Montenegro is aquiring status of imortant european turistic destination, let alone real estate and property buying stuff that is going on. On top of that Montenegrin government have put vast efforts in the last two years promoting Motnenegro and surely the results are there.
There are about 270 sunny days with average around the year temperature of 15,5°C. Montenegro has a very diverse climate, from Mediterranean along coast of Adriatic Sea, to mountain on hillside of Durmitor and Bjelasica. South of Republic is characterized by typical Mediterranean climate with hot, long and dry summers, and gentle rainy winters.
The president of World Council for Tourism and Travel held recently said that Motnenegro is on top three fastest growing touristic destinations on the world. According to predictions of this respected organisation in the next decade the growth in tourist economy of Motnenegro will be 10% yearly which is impressive.
Real Estate investment in Montenegro
People from around the world have purchased land and built private villas in Montenegro for investment, as well as for their own retirement. They enjoy the rewards of reliable positive cash flow when these properties are rented or leased and free accommodation when they visit fantastic coast of Montenegro and Bay of Kotor. According to real estate publications, land values in Montenegro are forecast to grow at rates as fast as 30% yearly. Since Montenegro become independent the securitu of those real estate investments are very high - Montenegro does not have any international disputes, issues and unsolved matters, the political climate is stable and that is something real estate buyers are alwars looking for to secure their investments. A law protects foreign investments, particularly real estate buying and taxes are low. Montenegro is very fast developing country and the government are putting great efforts to attract the capital investments. Combined with excellent, clean and unspoiled surrounding, thriving combination of mountains, fjords, beaches, warm climate and growing econoby, real estate investors continue to see Montenegro as one of most prosper regions and opportunities for snapping up a peace of real estate that will yield to financial gains.
Montenegro is small country. So small infact that it is is around the edges of being called "miniature country" in Europe. It is hard to find a country with less than 700 000 of population, packed on a relatively small space yet offering so much to its visitors. The only reason why Montenegro hasn't been discovered as top real estate destination for such long time is being in a political climate while it was a part of ex-Yugoslavia and latter in union with Serbia. But Montenegro has come a long way since then and today it is stable and committed to economic reform. It is now a modern, strong and rapidly growing country that has recently become recognized as for its promise on the international market.
Traditionally new EU countries experience steep increases in property values and tourism from other EU nations, whilst having brought their infrastructures and economic standards up to EU standards. So it is wise to invest into Montenegrin real estates now, while the prices hasn't been leveraged to match those of other EU countries. Now that Montenegro is establishing itself as a top location on the European real estate market, it is shifting construciton emphasis towards higher quality and more prestigious, exclusive developements. Only projects of the highest quality in terms of construction and location are being considered. The first such accomplishments can already been seen like the newly built five stars hotel Splendid in Becici near Budva. Permission for construction will be granted only if the developer can highlight a minimal effect to the environment and protection of areas of natural beauty.