Before this, both countries had been part of the former Yugoslavian republic. Today it is Montenegro with its stunning Adriatic coastline, along with improving infrastructure in the mountains that is seen as a great place to invest. The coastline may already be a popular purchasing option in Montenegro, but according to Someplace Else all eyes are beginning to turn inland to the rural mountain ranges and ski resorts that are largely
untrodden by investors. "The mountain areas are beginning to develop new infrastructure, amenities, and are increasing in accessibility," a spokesperson for the company comments, they are "slowly starting to attract more tourists."

In 2008, Montenegro had a further boost with the introduction of the first direct flights from the UK into Tivat. The flights from Stansted Airport, are running until October. As a country, Montenegro is a mix of rugged mountains leading down to the coast of the Adriatic. The coastline, particularly at Tivat, is a popular area that looks set to add to its status as a favourite with investors by becoming a recognised destination for nautical pursuits. The capital of Montenegro is Podgorica, which has a population of 136,473. Podgorica is currently going through a property boom, with prices steadily rising in the centre following increased foreign investment in the city after it became the capital of the country in 2006. "Every aspect of Montenegro is improving," says Caroline Hollingworth, Managing Director of Hollingworth and Associates. "The last four years in particular has seen the Montenegrin property market become an extremely popular place to invest with price rises on average at over 30 per cent per annum."

Hollingworth thinks that the best place to find a good investment is along the 294 kilometres of coast, where there are still some areas that are improving their accessibility and infrastructure. "Best investment potential, is the Lustica peninsula, The Ulcini area, and the ski resorts of Kolasin and Zabljak." Montenegro should see continued growth over the next few years. Prices are steadily rising and demand for new housing is still keeping the developers on their toes. Hollingworth continues, "Because of Montenegro's unquestionably and consistently beautiful landscape, if standards are not compromised by developers and local government along the way, Montenegro will be a marketplace that will always hold its value."
 
Whether buying on the coast, or in the mountains, it seems the sun is not going to stop shining on Montenegro just yet.

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Article published July 2008