The British return to the real estate market in Montenegro

This is an automatic translation.
Click here to read the publication in the original language.

The British return to the real estate market in Montenegro

The first half of 2015 was marked by the return of British capital to the real estate market in Montenegro.

It is believed that British customers are shaping the growth trends in real estate markets around the world.

According to analysts of the company Dream Estates Montenegro, one of the leading real estate market in Montenegro, part of the international real estate network Savillsove, British investors again began to invest in Montenegrin real estate. First of all, on the territory of Boka Kotorska.

Experts explain this by a fall in property prices in general and an improvement in the investment climate in Montenegro. When comparing objects in Kotor with similar ones in Dubrovnik, it turned out that the price in Kotor is lower by more than 60%. This becomes interesting for investors from western and northern Europe.

Also in the company Dream Estates Montenegro note that the real estate market in Montenegro can be conditionally divided into two types: elite housing and standard. The elite real estate projects include: Porto Montenegro, Luštica Bay and Dukley Gardens. These projects were most affected by the fall of the Russian ruble.

At the same time, the market of so-called standard real estate began to revive, first of all, due to the planned growth of the golden triangle for the next 5 years.

Under the golden triangle means a huge investment in three cities: Kotor, Tivat and Herceg Novi. According to preliminary estimates, in the coming years, about 2.4 billion euros will be invested in joint projects of Boki for infrastructure development.

#Prutkov

This is an automatic translation.
Click here to read the publication in the original language.