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February 28, 2008

Montenegro offers a favourable market for investment

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by Gill Montia

Montenegro offers a favourable market for investment

In the coming week, overseas property agent David Stanley Redfern, will be opening the show-home at its Lakeside Park development at Niksic, in Montenegro.

Montenegro is one of the smallest countries in the world, and since ending its union with Serbia improvements have consistently been made in its infrastructure.

The EU has provided substantial assistance for major project and the country is currently moving towards membership of the Union.

It is also beginning to attract attention world-wide as an emerging market and early property investors should benefit from high rental yields, as the economy grows and personal wealth increases.

As with Cyprus and other countries joining the EU, property prices in Montenegro are likely to see strong growth once it becomes an EU member.

Currently Montenegro offers a favourable market for investment in that there is no restriction on foreign ownership and a 15% rate of capital gains tax.

Properties at Lakeside Park are available from around £63,000.


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