Montenegro Property Prices Just Keep Rising
July 11th, 2007 by Dino
Distinguishing hyperbole from genuine promise can be difficult in the fast-growing market for holiday properties in Montenegro.
Some local real estate watchers, their spirits buoyed by growth rates as high as 200 percent since 2004, no longer compare Montenegrin real estate merely to similar offers in neighbouring Croatia. Instead, they compare directly with Mediterranean region’s most glittering resort destinations.
“Montenegro is small, and it lacks space for developers. As it moves towards the European Union, prices will go sky high. In Monte Carlo, one square metre of an apartment costs 100,000 euros,” says Predrag Drecun, an economic analyst.
To read the whole text, click here.
- Posted in Uncategorized, Europe general, Montenegro, Europe real estate