Montenegro: Tourism continues to grow
Overseas Property News - Montenegro
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Montenegro's tourism business is growing. The Montenegrin Ministry of Tourism announced that tourist arrivals grew six percent on the same period last year. And according to estimates, 1.3 million tourists will visit Montenegro before the end of the year, a 13 percent increase on last year's 1.15 million total. The number of visitors in 2007 was already up 20 percent on 2006.
It is the coastal region which is enjoying a particularly strong influx of foreign visitors and DSR has two incredible properties on the Montenegrin coast.
The Acacia apartments are towards the top of the village of Djenovici, set on a hill covered in olive trees and mimosa flowers, with stunning views of the Bay of Kotor, the wilderness of the Lustica peninsular and the snow-covered majesty of Mount Lovcen. With red sloping roofs and shutters, large balconies and terraces as well as communal piazzas; the development is designed in the style of a typical Venetian village. Surrounding the buildings are large landscaped gardens, the focus of which is a raised terrace with large swimming pool and café.
The off-plan apartments in the village of Zambelici are also located on the beautiful peninsular of Lustica. The development is situated in a tranquil area 1800 meters from the sea and the beautiful unspoilt beaches of Mirista. All apartments have air conditioning and heating; fitted bathroom; kitchen; communal swimming pool; onsite parking; double glazed pvc windows and large sea-facing terraces affording beautiful views across the open sea. Prices start from £50,000.
Coastal properties such as these are expected to achieve high rental yields of up to 10 percent as Montenegro benefits from ever increasing tourism numbers. And Montenegro property as a whole is expected to grow in value by 15-20% per year, and possibly reach growth of even 30% per year as Montenegro progresses towards full EU accession, which is expected to be sometime in the next two years.
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