Overseas Property News

Montenegro

Montenegro Property Will Go From Strength to Strength

Montenegro joined the European Union's (EU) Competitiveness and Innovation Programme Monday 05 March2008. Their membership will see the European Commission (EU's executive arm) actively promoting innovation, entrepreneurship and growth in Montenegro 's small and medium size enterprises (SME's).

The European Commissioner responsible for the EC's industry and enterprise policies Gunter Verheugen, said Montenegro had affirmed it's European aspirations by joining the CIP program, and added:

"Participation in CIP, and, in particular the cooperation in the new Enterprise Europe Network, which Montenegro has already successfully entered, will help Montenegro to increase the competitiveness of its enterprises, in particular SMEs,"

Since it split its loose political union from Serbia in 2006, Montenegro has joined several world institutions in its own right, including the World Bank and International Monetary Fund, the latest two are in preparation for its eventual entry into the EU.

According to the CIA World Fact Book, the privatisation of their largest industry, Aluminium, has been good for the economy, as well as increased Foreign Direct investment through tourism.

The latter will be further increased now that the government has relaxed the laws preventing foreigners from buying land in the country. Now that foreign entities can buy actual plots of land for development, I foresee possibly a trump towers in Podgorica, maybe a Hilton, but definitely some of the major tour operators buying up land for development as tourism to the country increases as it has.

If the global market slow continues, the developing world's most beautiful places, like Montenegro , Albania , and others will become even more popular with tourists because they offer cheaper holidays because of the low cost of living. It would be wise to invest in a property there and wait for the changes ahead.

If you agree David Stanley Redfern's off-plan apartments in Lustica, Zambellici could be the perfect choice. In one of Montenegro 's long popular coastal areas, the apartments, which all have sea views surprisingly start at only £50,000. They have a communal swimming pool, fitted bathroom: electric water heater, wc, wash basin, shower, fully tiled walls, tiled floors and double glazed windows.

Find out about David Stanley Redfern's other Montenegro investment property at:
http://www.davidstanleyredfern.com/investment-property/montenegro/

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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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