Property for sale in Montenegro

1/ Capital: Podgorica

Is the capital and largest city of Montenegro. It is at 42°28′12″N 19°16′48″E / 42.47, 19.28, 44 metres (140 ft) above sea level. Get more information on property for sale in Podgorica.

2/ Country: Montenegro

Is a country located in Southeastern Europe. It has a coast on the Adriatic Sea to the south and borders Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia and the disputed territory of Kosovo to the north and east, and Albania to the south.

3/ Property for sale in Montenegro

The potential for capital appreciation in Montenegro is significant. Property prices are very competitive even to when compared to its neighbours – e.g. 25% less than Croatia. As the Republic moves closer to EU accession we expect property inflation to rise as per other countries – e.g. Greek property prices rose by up to 400% in the 4 years running up to membership.

In addition, tourism and foreign investment demonstrates consistent growth. Accordingly, during the peak holiday season it is currently difficult to find vacant holiday properties. Following the end of the war in Kosovo, the economy of Montenegro grew sharply 6% in 2000 and 2001. The economy grew 4% in 2005. In 2005 Montenegro's GDP was US$ 25.46 billion with GDP per capita US$ 2,600.

Montenegro has completed its voucher-based mass privatization program. 50% of the economy has now been privatized.

Montenegro real estate currently provides some of the best value in Europe. Montenegro is now widely recognized as one of the world's fastest growing tourist economies. Annual growth of up to 20% is forecast between 2005 and 2014. The value of Montenegrin property should triple if not quadruple, given this phenomenal growth in demand.

The Montenegro property market is still relatively unexplored by the mass market which makes Montenegro potentially very profitable to international property investors and prices are still very affordable.