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Montenegro

A mixture of rugged mountains and stunning Adriatic coastline, Montenegro, bordering Bosnia and Serbia, is fast becoming a favourite with investors keen to ride the wave of growth that the country is experiencing.

Montenegro

Improving infrastructure, foreign investment, and consistent house price rises of 30 per cent per year in the last four years has seen more and more buyers taking note.

Montenegro country profile
Capital City: Podgorica
Area: 14,026 sq km or 5,019 sq ml
Population: 678,177
Time Zone: CET
Country dialling code: 382
Currency: Euro

Montenegro's climate
The Montenegrin climate is generally divided directly by region - from the rugged northern mountains to the 295 kilometres of coastline. Generally the coast enjoys fairly mild winters and warm summers, with the worst of the winter weather occurring around the coastal mountain ranges.

Weather in the mountains can vary sharply, and with more than 60% of the country over 1,000 metres above sea level, this accounts for a lot of Montenegro! While temperate during the summer, the winter weather can be extremely fierce.

Country highlights of Montenegro
As a country, Montenegro has been subjected to a vast range of religions and cultures, most notably from the the Adriatic coastal nations. This influence is prevalent throughout the country with a vast range of religious monuments and cultural and historical heritage sites.

Having been a long-time favourite of the rich and famous, Kotor is the most popular tourist destination, a medieval fortress city (and UNESCO World Heritage Site) situated on the coast. Not to be overlooked are the many smaller coastal towns, all with excellent night-life and sandy beaches.

Inland are the many historical sites, such as the Ostrog Monastery or the pre-Roman Duklja archaeological sites, and as you move further from sea level there are many popular ski-resorts sitting amidst untouched - and until recently unmapped - natural wilderness.

Accessibility
Under 3 hours flight time from London, Montenegro is easily accessible via either of two international airports in Tivat or Montenegro, or via nearby Dubrovnik in Croatia. Regular ferries also operate between the coast and Italy.

Buying property in Montenegro
With tourism rising sharply, government and EU investments in improving the infrastructure and its recent EU membership, prices in Montenegro are rising.

Prices are currently lower than those of its neighbours, but are increasing at a steady rate. Currently the North is the focus of investment, but with the limited amount of coastline early buying could be favourable. Many buyers are now looking away from areas such as Croatia and Bulgaria and looking to Montenegro instead.

Destination Hot Spots

Kotor
Kotor Bay, on the Adriatic coast is a stunning area of natural beauty - and a popular tourist destination. The area has seen excellent rental growth recently, with 100% occupancy during high season in some areas.

Investment is being made into improving the local infrastructure, alongside several new marina developments, setting the stage for further increases in property prices.

Budva
A small town just outside of Sveti Stefan, Budva is probably one of the busiest areas for new developments in Montenegro at this time. Surrounded by 24 miles of beach, it can only get more popular!

Ulcinj
Only a small town, Ulcinj is a good example of one of the many coastal towns - good stretches of beach, and at the moment low in price, offering good opportunities for capital gain.

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Useful websites:
Montenegro.com
Visit Montenegro