Some parts of Europe avoided the mass development of the 20th century that blighted parts of the Algarve, Spain and Italy. One of those countries is Montenegro. It is a jewel of the Adriatic and is fast becoming a 21st-century Riviera. With impressive geographic diversity and lower prices than Croatia, Montenegro is attracting both tourists and investors. Montenegro once relied industries such as steel-making, but since it gained independence in 2006 but it started relying on tourism, and investors from around the world have found that its unspoiled coastline is a gem. Billions of pounds are flooding into the country, most of it for building properties. Buyers are piling in as holiday apartments start at around £150,000. For such a small amount you can buy a heaven. 2bn Euros of high-quality investments are planned over the next few years.  mm.hr

Montenegro has attractive property and personal income tax rates. Doing business is simple and fast; It takes a day to set up a company and it costs €1. It can’t be easier than that.

Montenegro’s prices have risen dramatically, however they remain lower than Croatia’s. In Dubrovnik, Croatia prices are €10,000 per square meter.

In Montenegro’s popular coastal towns prices range from €2,000 to €4,000 per square meter. The southern coast is about €1,500 per square meter, and inland prices are roughly €600 to €1,000 per square meter.

Most of Montenegro’s properties for sale are apartments, and they are most attractive.

Investment properties typically range from €100,000 to €400,000, although a luxury villa or apartment could exceed one million mark. The new development is focused around the Bay of Kotor, as well as Tivat, thanks to the luxurious yacht marina – Porto Montenegro. It’s still in development, but it has 185 marina berths, five mixed-use buildings with 130 luxury residences, more than 20 retail outlets, a full sports facility, yacht club, 64 meter infinity pool and lounge bar, a naval heritage museum, and a waterfront boutique hotel.

The important thing that you need to know is that foreigners can purchase property in Montenegro easily, with freehold ownership and they have rights equal to those of Montenegrins, but you won’t be able to buy bare land directly. However, you can buy it through a company. You have to set up a local company with local directors.

 

By yanam49

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