Montenegro - wild beauty - Emerging Real Estate

Montenegro - wild beauty

08/04/2010

A country where you can bathe in the sun and ski in the mountains, all in the same day, Montenegro combines the vibrant energy of modern cities, ancient sites and some of the most spectacular scenery in the world. Easily accessible by plane from all over Europe, visitors can arrive to airports in Montenegro, Croatia or Serbia.

Montenegro has fascinating history, culture and traditions, abundant wildlife, beautiful nature and dramatic landscapes whether in the towering mountains, green alpine meadows or by the sparkling Adriatic Sea. Exhilarating skiing is available in the winter and for those who want to snowboard or go cross country, the options are endless. Fishing, horse-riding, sailing and hiking are on the doorstep and for the keen wildlife enthusiast there is an endless variety of local species. The area around Lake Skardar boasts Europe’s largest bird sanctuary and Montenegro’s stunning National Parks are soon to increase from four to six. The Durmitor mountain range represents a fantastic destination for summer and winter tourism - deep natural canyons nestle in the amazing mountain passes and here you will find whitewater rafting, rock climbing and hiking and some incredible off-piste skiing in the winter. In the close vicinity there is the deepest canyon in Europe carved out by the magnificent Tara River.
 
Montenegro is an economically stable and socially integrated country, offering a safe and attractive environment for property investment. According to the leading Real Estate Associations, Montenegro's property market is set to grow for the foreseeable future. The key ingredients keeping Montenegros's housing market on track are consumer confidence and large scale developments such as Porto Montenegro, The Aman Resort in St Stefan, The Royal Montenegro Grand Resort, The St Marko Island and the upcoming Bear Mountain resort in Zabljak, the highest town in the Balkans at an altitude of 1456m in the very centre of the Durmitor mountain range.
 
Having recently achieved independence, the government of Montenegro understands the importance of EU membership with 2012 the proposed date for entry. Once part of the EU, property prices in Montenegro are expected to rise significantly. With over 500 million Euros invested since independence, Montenegro is one of the most attractive destinations in the world according to the return on foreign direct investment (FDI). The Foreign Investment Law guarantees the right to transfer and repatriate profits in Montenegro. As Montenegro uses the Euro there are no difficulties in the free transfer of funds exercised on the basis of profit, repayment of resources or residual assets. If you are interested in buy-to-rent investment, it’s worth remembering that the new road from Zabljak to the Coast is due to be completed by July 2010, resulting in your property benefiting from yearlong rental opportunities. There are also several ongoing improvements being made to existing road systems, central hotels and ski areas. The added fact that the fact that there is currently no Capital Gain Tax in the country, makes now the perfect time to invest in Montenegro.

For more details on exciting property opportunities in Montenegro, please contact paul.harrison@emergingrealestate.com or 01924 364754.