Property in Kosovo
Kosovo
Kosovo is the Serbian possessive adjective of kos, i.e. "blackbird", an ellipsis for Kosovo Polje "field of the blackbirds", the site of the 1389 Battle of Kosovo Field.The name of the field was applied to an Ottoman province created in 1864.
The region currently known as "Kosovo" became an administrative region in 1946, as the Autonomous Province of Kosovo and Metohija.
In 1974, the compositional "Kosovo and Metohija" was reduced to simple "Kosovo" in the name of the Socialist Autonomous Province of Kosovo, but in 1990 was renamed back to Autonomous Province of Kosovo and Metohija.
The entire region is commonly referred to in English simply as Kosovo and in Albanian as Kosova or Kosove.
Since Kosovo declared independence, it is now also referred to as "The Republic of Kosovo" in English, though "Kosovo" is still the most common name used.
Pristina
Pristina: - lies in these geographical coordinates 42' 40' 0' North and 21' 10' 0' East;- covers 572 square kilometres (221 sq mi);
- lies in the Northeastern part of Kosovo close to the Goljak mountains.
It has a good geographical position because it lies in the continental cross roads. From Pristina there is a good view of the Sar Mountains which lie several kilometres away in the south of Kosovo.
Pristina is located beside two large towns, Obilic and Kosovo Polje.
In fact Pristina has grown so much these past years that it has connected with Kosovo Polje.
Lake Badovac is just a few kilometres to the south of the city.
There is no river passing through the city of Pristina now but there was one that passed through the centre.
The river flows through underground tunnels and is let out into the surface when it passes the city.
Population: between 500,000 and 600,000 inhabitants
Real estate market in Kosovo
After years of war and displacement, the independent state of Kosovo, sandwiched between Albania, Macedonia, Serbia and Montenegro, is looking to the future and embracing development and infrastructure.Today's Kosovo is beginning to emerge as an affordable destination for property investors.
Although the market is reasonably quiet at the moment, the locals are looking to sell their land as they need the money.
The capital of Kosovo, Pristina the best place to look for short to mid term property investments. Pristina is where the improved infrastructure is and that is where the people of Kosovo from all over the world will be returning to.
Pristina is where the most significant changes are happening at the moment. There is large-scale investment in the city, which is leading to renewed confidence and growth. Embassies for the UK and the USA are being built right now and the headquarters for the whole Balkan region is being built in Pristina. This shows confidence in the area and country. Large corporate businesses are also setting themselves up in the newly revitalised capital, bringing employment.
The ski regions are also areas to look towards in the long term.
As more and more countries sign up to recognise Kosovo as an independent country, property investors will have more confidence to buy in it. At present the incentives are very good with no VAT on purchase, no stamp duty, low corporate tax, and no capital gains tax.
You can also find more information on property for sale in Kosovo by following the link.