Montenegro next holiday home hotspot?
Montenegro next holiday home hotspot?
Property prices in Montenegro remain low, but the unspoilt country could be the next big thing in the property market.The country retains an unspoilt character, which appeals to many investors looking for a different kind of place to live, according to Dream Croatia.
According to the World Travel and Tourism Council, Montenegro is predicted to have the fastest growing tourism economy in the world over the next ten years.
Holiday lettings will be popular as the tourism industry expands and more people search for that spot in the sun which they can retreat to.
Many investors are interested in lands or ruins which can be developed and sold on, fuelling the growth of the market.
A spokesperson from the company explained that Croatia did not attract the same kind of market as Romania and Bulgaria: "It's not attractive just because it’s cheap – but because it has the wow factor - there lies the difference."
Montenegro only gained its independence from Yugoslavia a year ago and has today joined the International Monetary Fund and the World Bank, reflecting its strong economic growth.
22 January 2007
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