Property for sale in Montenegro
Montenegro has decidedly taken the road to Europe: this is one, but certainly not the only one, of the reasons why companies should carefully consider the growing business opportunities. Montenegro has the aspiration to enter the European Union in the near future. If the road map outlined by Brussels quotes the hypothesis 2025 for the possible entry of both Montenegro and Serbia, it is obvious that Podgorica is in the lead.
Montenegro is back from an economic growth that rose to + 4.3% / 4.4% last year. It is a country that is focusing a lot on modernization and openness to international investments.Prices for Montenegro homes are ready to rise thanks to strong housing demand and a booming tourism sector.
Until the second quarter of 2017, the average price of new properties for sale in Montenegro rose by 4.95% to € 1,102 per square meter , according to the Statistical Office of Montenegro. This is in sharp contrast to a 10.18% y-o-y decrease over the same period last year.
However, on a quarterly basis, the average price of land in the country fell 5.97% during the last quarter.
Despite this, the signs are good. Real estate deals have increased by an average of 10% each year in the last two years.
Demand for property for sale in Montenegro should continue to rise thanks to tourist arrivals, which increased by 18% to 737,753 people compared to the same period last year.
The ownership of Montenegro offers an excellent investment opportunity. The country has a thriving tourist industry that aims at a luxury hotel, golf courses and other luxury facilities to attract wealthy tourists.
Since there is not much confidence in this country, property prices are still fashionable and attractive for early-mover investors.
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