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Publication in the community "Montenegro"

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Serbian media: Russians sell real estate in Montenegro for a pittance

In one of the Serbian news sources there was information that property prices in Montenegro are falling rapidly, but the consumer interest in it is still in no hurry.

Interlocutor News Agency, a businessman from Russia, who bought a number of apartments in Budva for 3.5 thousand euros per square meter, said that today he can not realize them even for half of this cost. Plus, the tax for owning this property by this moment was more than 25 thousand euros.

As a commentary to the news, the Serbian agency cites the opinion of experts who argue that the reason is not only in the world economic crisis - the domestic price policy of the country recently does not correspond to reality, to put it mildly, and even its adjustments are not yet effective.

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