This highway is expected to open up the Bosnia and Herzegovina property market to overseas investors. Corridor Vc, a four-lane motorway from Budapest in Hungary to Ploce on the Croatian coast, is to be completed by the end of 2010 and will connect the Bosnia and Herzegovina property market to the main European traffic network.

Areas of investor interest include the Bosnian city of Visoko, 30 kilometres from Sarajevo, where three pyramids are currently being excavated, and the 22-kilometre long stretch of coastline at Neum. Land with a view of the pyramids is selling at £2-£5 per square metre and the coastline at Neum (pictured) for half the price of neighbouring Croatian coastline.

The Bosnia and Herzegovina property market is surrounded by other emerging markets such as Croatia, Hungary, Bulgaria and Montenegro and offers foreign investors the same owner rights as nationals, although mortgages are currently not available to foreign buyers. 

Currently in a process of re-development since the early 90s Balkans war, tourists are attracted by the country's cultural heritage of Ottoman, Western European and Byzantine civilizations, along with its limestone landscapes and green rolling hills.

Those interested in entering the Bosnia and Herzegovina property market before it has the 'emerging market' tag slapped on it will be interested to note that an established block of nine sea-front apartments over 450 square metres in Neum is available for 600,000 euros, while large family houses in the area start from 150,000 euros.

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Bosnia Herzegovina Property

Article published on 7 December 2006