Overseas Property News

Montenegro

Montenegro: Property Investment Prowess

David Stanley Redfern Ltd are happy to inform potential investors that the show-home on our Montenegro development: Lakeside Park in Niksic will be completed by next week. The show house is one of the chalets that are available on the site from £63,000 and is a good chance for potential buyers to find out exactly what quality they are getting for their money.

Montenegro has gone from strength to strength since it severed its loose union to Serbia to become one of the smallest countries in the world. It has proven to be a good decision for the ex-communist state: allowing them to join financial institutions in their own right, bringing substantial assistance from the EU to improve the country's stability and infrastructure, and ensuring its current path of attracting increasing foreign direct investment continues -- all in preparation for Montenegro's ascension into the EU, undoubtedly just around the corner.

Some people are worried about emerging markets, and saying things like they shouldn't be invested in, people should put their money into the safety of established markets. As they say a little knowledge is a dangerous thing, because these people are completely wrong. Most experts are full of optimism, even excitement about the emerging markets of Eastern Europe and around the world.

Businesses are attracted to invest, and/or set up branches of their company in an emerging market because they can do so cheaply, and hire a hard-working labour force for a comparatively low wage budget. When this happens, unemployment is reduced in the country, and affluence begins to spread to previously impoverished areas. Living costs rise, in the form of price rises across the board, which of course includes building materials. Labourers and tradesman demand and need higher wages to get by with the increased living costs. This all pushes house prices up.

When emerging markets like Montenegro start to attract global attention prices are nowhere near what people abroad are willing to pay as the houses have previously had to be affordable to local people. To start with the low prices mean incredible rental yields for early investors as tourism grows rapidly, but often prices rise faster than rental rates which cause yields to drop. Sufficed to say the early bird catches the worm.

Montenegro is a very favourable market to make a property investment in. There are no restrictions on foreign ownership, round-trip transaction costs are only around the 5% mark and capital gains a competitive 15%.

Find out more about Montenegro property investment at:
http://www.davidstanleyredfern.com/investment-property/montenegro/

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About David Stanley Redfern

David Stanley Redfern Ltd is an overseas property specialist, working directly with developers in more than forty countries. Most properties are exclusive to David Stanley Redfern Ltd, giving an unparalleled selection of resale and new builds. David Stanley Redfern Ltd is AIPP accredited.

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