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Archive for December 3rd, 2008

Investment Property in Montenegro is Definitely One to Watch

Wednesday, December 3rd, 2008

Known for its spectacular scenery and A-list visitors, Montenegro is fast becoming the place to be seen. Add impressive capital growth and possible EU accession, and investment property in Montenegro is definitely one to watch. High mountains, deep inland lakes and a spectacular southern coastline of bays and beaches, plus sunny summers and mild winters, are just some of the reasons why Montenegro has become a holiday hotspot. Combine this with the fact that it occupies a key location for business, is attracting foreign investment, has a rapidly growing infrastructure and has been a sovereign state since 2006 upon its independence from Serbia and you have one of the world’s most intriguing emerging property markets.

Montenegro is aiming for EU membership in 2014, which will add to its attractiveness for buyers looking for investment properties or holiday-home ownership. There are no restrictions for foreigners wishing to buy property in Montenegro, other than land for development, and the buying process is relatively straightforward. Montenegro property prices and lawyers’ fees are low and there is no capital gains tax liability in Montenegro, all of which is helping to fuel the sector.

 

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