After years of fighting and political unrest, these countries are beginning to be seen as a great place to invest, with low prices and room for growth. Serbia and Montenegro  are both individually experiencing interest and slowly increasing tourist numbers.

Serbia has recently had preliminary talks to join the EU, and membership looks likely to be drawn up in the near future. Talks with the heads of the European Commission have resulted in financial assistance being poured into the country to the tune of 170-million euros.

The capital Belgrade, now free from the tyrannical shadow of former rulers, is an attractive place to visit, and demand is growing for property. The demand is however, higher in sought after areas such as Dedinje, Senjak and Dorcol, rather up-market areas that are, according to website Property Frontiers, "green and pleasant."

The outlook for Serbia is positive, Property Frontiers explains. "The country looks set to continue on its path to development and shake off the legacy of war." This won't happen overnight, but they add, "as the economy and infrastructure improve the market is likely to reap the benefits."

Montenegro's coastline is already seen by more and more buyers as a great place to invest, but according to Someplace Else all eyes are beginning to turn inland to the rural mountain ranges and ski resorts that are largely un-trodden by investors, "The mountain areas are beginning to develop new infrastructure, amenities, and are increasing accessibility," they comment, adding they are "slowly starting to attract more tourists."

Montenegro has also been boosted this month by the introduction of direct flights to and from the UK. The flights, which go from London's Stansted Airport to Tivat airport in Montenegro, are running until October. 

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For more information visit:
www.propertyfrontiers.com
www.someplaceelse.co.uk

Article first published 15 May 2008