News Feature

Montenegro property hotspot

08 January 2008

The property boom in Montenegro has seen prices rise by up to 20 per cent on average over the past two years and experts are calling it the latest investment focal point.

The Adriatic coastal region of Montenegro "demands to be investigated", according to overseas property investment company David Stanley Redfern.

Properties in the capital, Podgorica, are producing rental yields of up to 24 per cent

Montenegro's capital gains tax is around 15 per cent and buying costs are approximately six per cent.

Off-plan seaside properties and three to four bedroom lakeside log cabins are available, with prices ranging from £50,000 to £79,000.

Mirista beach is a popular spot and is only 15 minutes drive from the airport. Slano Lake in the area of Niksic and the village of Zambelici in Lustica also offer beautiful surroundings.

This emerging property market is "hard to beat for quality, value and return", explains David Stanley Redfern.
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