Real Estate in Montenegro: The Secrets of Popularity
Today the market of foreign real estate is at the stage when it can offer the resort property in any country and any reasonable prices. Therefore, among the vast supply of foreign real estate it’s very difficult to make a responsible step and buy overseas property of good quality and appropriate price. But why the estate of Montenegro so stands out against the other and is popular among investors and consumers?
First of all, the popularity of property in Montenegro is greatly influenced by geographical location and favorable climate. Due to its large coastline and variety of landscapes, Montenegro can offer great selection of resort properties in Budva, Bar, Tivat or property in the popular ski resort Kolasine. Mild continental climate makes the weather in Montenegro friendly all year round. Here you can comfortably relax in the hot summer months and cooler, but very warm autumn.
Thanks to the steady development of the country and its property market to buy estate in Montenegro has become much easier and more promising. Many buyers, having no previous opportunities to buy property in Montenegro now prefer it to other countries, thanks to its favorable investment attractiveness. In Montenegro the property market is actively developing for 6 years and during that time his appeal has grown by more than 50%, while sales of property in Montenegro every year increase in arithmetical progression.
Thanks to these indicators resort property in Montenegro is now in the top among the list of most popular European real estate. More and more foreign investors and real estate agents want to cooperate with local property and land owners, to represent Montenegro property far beyond its borders.
Today, in Montenegro property prices are still at a fairly high level and often exceed the price of property in Spain or Turkey. But don’t think that only wealthy people can buy real estate in Montenegro. In Montenegro purchase of house or apartment can be affordable for everybody, whose goal is the profitable investment and quick return. Indeed, apartments and villas in Montenegro are in great demand not only among consumers but also among tourists. Therefore, any owner of apartment or villa in Budva, Bar, can lease it year round. And thanks to the large influx of tourists and it’s possible to repay the loan, which was purchased by real estate in a couple of years.
Montenegro is constantly evolving in economic terms, forging links with reputable European states and positioning itself as the convenient and promising platform for business. Therefore, in Montenegro annual demand is growing not only for the resort property, but also commercial. The increasing stream of tourists requires continuous infrastructure development. And this factor is the main driving force for the price increase on commercial estate in Montenegro. Totally for 2 years, except generating the profit from tourists, the owner of bar or restaurant in Budva may sell its business by 20-30% more expensive than its original cost.
So, what kind of real estate in Montenegro it would be: luxury apartments in Tivat, villa on the coast in Budva, the mansion in the ski resort Kolasine or commercial real estate, becoming its owner, you’ll always win.And besides the material satisfaction you still get morale. Because feeling that you are owner of property in Montenegro, the pearl of the Adriatic Sea is exclusive pleasure.