International real estate buyers considering buying
property abroad need to consider Montenegro. This Adriatic
State has witnessed a flurry of activity from those keen to
get a foothold on a relatively new market. Investors
looking for a quick Buck and those who like renovation
projects are now being replaced by buyers who want a home
of their own in the region. Resale property market is as
yet untested brand new off plan properties are a great way
to enter this soon to explode property hotspot
Montenegro it is one of the most southern European states
and faces the south part of the Adriatic Sea. About 500km
from Rome, 1.500 km from Paris, and Berlin, and about
2.000km west from Moscow, Montenegro lies on the Balkan
Peninsula in the very heart of Europe.
So what is the attraction of owning a property in
Montenegro? The regions natural unspoilt beauty that
includes beaches, mountains, and fjords makes this place a
visitor's paradise.
History has seen that where tourism thrives so does the
overseas property market. It makes sense that those who
fall in love with a place whilst on holiday will want to
have a more permanent place their. Potential buyers will
also see that other tourist love the region and this fact
may mean that a property bought in Montenegro could provide
an income. The World Travel and Tourism Council reports
that Montenegro visitor numbers are anticipated to rise on
average 9.9 per cent each year until 2015
My top tips when buying a property in Montenegro all
revolve around using a truly independent and reputable law
firm to conduct the buying process. Title can be an issue
and the last thing you want is someone claiming it's their
land after you have paid your money. Your lawyer will
examine the title deeds this is hugely important with land
being taken from its owners in communist times and split up
into parcels of land for the poor. The original owners may
want to stake a claim to what was threes.
Overseas buyers should familiarise themselves with popular
regions including one of Montenegro property hot spots in
Kotor Bay and the town of Kotor.
The relatively new market is proving to be a great place
for all types of international buyers and all indications
point to the continuing success in the region. A word of
warning is that this region is attracting the wealthy and
in a few years time property may only be the t is easy to
see why.
----------------------------------------------------
Nicholas Marr is CEO of Marr International Ltd a UK based
property marketing company who are responsible for the
overseas property website at http://www.homesgofast.com
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