Montenegro Property Flying High

Montenegro airlines have started a scheduled service from Gatwick. This bodes well for the country’s booming tourism industry and is great news for property investors.

Instead of having to fly chartered or via Croatia to enter Montenegro, British visitors can now take affordable scheduled flights from an accessible UK airport.



The World Travel and Tourism Council has predicted that Montenegro will become the fastest growing travel and tourism economy in the world, and the advent of more direct flights to the country takes it one step closer to achieving this.



The Montenegrin Ministry of Tourism has already 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.



Montenegro is also a nation with a healthy property market; one that is bucking the global downturn. There has been huge upward pricing of 26 percent for prime property in Montenegro, and property is expected to grow in value by 15-20 percent per year, and possibly reach growth of even 30 percent per year as Montenegro progresses towards full EU accession. The influx of EU money to develop infrastructure, tourism and other industry sectors is just another boost for a property sector that is expected to enjoy sustained growth for the next 5-10 years.



Rental yields of 6 percent are already been achieved, but higher yields of around 10 percent are being seen in the coastal areas. David Stanley Redfern’s 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 overseas property specialists’ 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.

Find out more about property Montenegro and buying property in Montenegro.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.

© 2009 Footprints-SEO.com

Montenegro Property Investment: The Real Beauty is the Price

Most potential investors will have heard about the massive boom that property markets across Eastern Europe have recently been experiencing. Right now three Eastern European countries in particular, Ukraine, Albania and Montenegro have become three of the most popular and favorable of today's hot, new emerging markets. Montenegro has always been sought after with second home buyers, who favored areas on Montenegro's beautiful Adriatic coastline. But since the country voted for independence in a referendum late 2006, and the country split from Serbia, prices have risen around 20% in that 2 year period, and the country has become one of the best for an overseas property investment.

Attractions include: no restrictions on foreign ownership, with the exception of vacant lots, which can only be purchased through a company and transferred easily when building has been completed, among the lowest property prices in the world $1000 per sq.m, giving way to yields of 18-24% in popular areas, capital gains tax is a reasonable 15% fixed, and inheritance tax a mere 2-2.6% depending on the closeness of the relation. The only disadvantage is moderately high rental income tax of 15-23%.
Speaking of popular areas, David Stanley Redfern are currently offering two excellent opportunities in the flourishing country. Lakeside Park, on the banks of Slano lake in Niksic, is a major new development of apartments and chalets, details haven't become available on the apartments as yet, but the chalet's will be 3 and 4 bedrooms with a plot of 1000 square meters priced from £63000. The cabin design can be tailored to suit the buyer's individual needs. Facilities will include swimming pool, authentic lakeside stone restaurant with bar, bicycle hire, children's playground and on-site rental management and care-takers office.

Although Niksic is thirty miles in from the always popular coast, inland areas provide the biggest opportunity for growth. Being previously undiscovered by global buyers, prices are much lower, as can be seen from the fact you can buy a three bedroom chalet in a beautiful location for only £63000. Montenegro is a beautiful unspoilt country from coast to coast, and for anyone worried about rumors of poor infrastructure, an article in last June's Observer told how Montenegro is benefiting from an injection of EU cash, June Dunford wrote: "roads and tunnels are being worked on wherever you look".

David Stanley Redfern's second offering is an off-plan apartment complex in another increasingly popular tourist area: Lustica. Prices start from £50,000 for a 1 bedroom apartment, 2 bedroom apartments are also available and the development is just 1800 meters from the aforementioned beautiful Montenegro coastline, namely Miristra beach, in Zambellici -- a quiet village yet only ten minutes from Tivat airport. The development features a communal pool, the apartments are serviced and rental management is available -- furniture packs can be purchased on request.

Find out more about property Montenegro and buying property in Montenegro.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com