Hot Property Montenegro

Property investors go to Montenegro

2009-01-04T05:10:00.000-08:00

Montenegro is the latest investment focal point that overseas property investment specialists David Stanley Redfern Ltd have added to their extensive list of worldwide properties. Priced from £50,220 - £75,860, their contemporary off-plan 1-2 bedroom apartments in the village of Zambelici, Lustica and more traditional 3-4 bedroom lakeside log cabins overlooking Slano Lake in Niksic are simply stunning. Since gaining independent status last year, Montenegro has seen a property boom that has lead to its desirable real estate pricing increase by as much as 20% on average over the past 2 years.

With Podgorica, the capital city producing rental yields of anything up to 24% and capital gains tax of around 15%, this Adriatic coastal region and its 6% buying costs simply demands to be investigated. If low cost living combined with a tranquil off-plan seaside property with an accommodating terrace looking out onto expanse views near the revered Mirista beach, just 15 minutes away from the airport sounds like the right property for you, read on. If a beautiful tailor-made log cabin with convenient family facilities, restaurants and easy pool access just 10 minutes away from Montenegro’s second largest city sounds good, again, read on.

Between the 2 featured properties on David Stanley Redferns site, a host of enticing attributes are listed: Water, electricity, telephone, air conditioning/heating, fitted bathroom (electric water heater, WC, wash basin, shower, fully tiled walls), tiled floors, communal swimming pool, fitted kitchen (with installation of white goods if required), optional furnishing packages at discounted prices, optional property rental management, double glazing, parking space, yard, dining room, utility room, study, gardens, full insulation, lounge and fireplace. These affordable and fully accommodating properties amidst an emerging property market are hard to beat for quality, value and return. Contact David Stanley Redfern Ltd for a non-obligatory chat about all the different specifications of these Montenegro properties, as well as any other queries you might have

Find out more at http://www.davidstanleyredfern.com/investment-property/montenegro/

About David Stanley Redfern Ltd

David Stanley Redfern Ltd is an overseas property specialist, working directly with developers in more than forty countries. Most properties are exclusive to David Stanley Redfern Ltd, giving an unparalleled selection of resale and new builds. David Stanley Redfern Ltd is AIPP accredited.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com.

Montenegro Property Flying High

2008-07-15T06:28:00.000-07:00

Montenegro airlines have started a scheduled service from Gatwick. This bodes well for the country’s booming tourism industry and is great news for property investors.
Instead of having to fly chartered or via Croatia to enter Montenegro, British visitors can now take affordable scheduled flights from an accessible UK airport.

The World Travel and Tourism Council has predicted that Montenegro will become the fastest growing travel and tourism economy in the world, and the advent of more direct flights to the country takes it one step closer to achieving this.

The Montenegrin Ministry of Tourism has already announced that tourist arrivals grew six percent on the same period last year. And according to estimates, 1.3 million tourists will visit Montenegro before the end of the year, a 13 percent increase on last year’s 1.15 million total.

Montenegro is also a nation with a healthy property market; one that is bucking the global downturn. There has been huge upward pricing of 26 percent for prime property in Montenegro, and property is expected to grow in value by 15-20 percent per year, and possibly reach growth of even 30 percent per year as Montenegro progresses towards full EU accession. The influx of EU money to develop infrastructure, tourism and other industry sectors is just another boost for a property sector that is expected to enjoy sustained growth for the next 5-10 years.

Rental yields of 6 percent are already been achieved, but higher yields of around 10 percent are being seen in the coastal areas. David Stanley Redfern Ltd’s Acacia apartments are towards the top of the village of Djenovici, set on a hill covered in olive trees and mimosa flowers, with stunning views of the Bay of Kotor, the wilderness of the Lustica peninsular and the snow-covered majesty of Mount Lovcen. With red sloping roofs and shutters, large balconies and terraces as well as communal piazzas; the development is designed in the style of a typical Venetian village. Surrounding the buildings are large landscaped gardens, the focus of which is a raised terrace with large swimming pool and café.

The overseas property specialists’ off-plan apartments in the village of Zambelici are also located on the beautiful peninsular of Lustica. The development is situated in a tranquil area 1800 meters from the sea and the beautiful unspoilt beaches of Mirista. All apartments have air conditioning and heating; fitted bathroom; kitchen; communal swimming pool; onsite parking; double glazed pvc windows and large sea-facing terraces affording beautiful views across the open sea. Prices start from £50,000.

Find out more about Montenegro property.

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com

Montenegro Property: Europe's Next Big Thing

2008-05-23T06:39:00.000-07:00

According to many various reports, Montenegro is shaping up to be the next big thing in European tourism, and property investment. Last month direct flights began between London airports and Montenegro, which immediately made the country more popular with tourists and property investors, and Montenegrins are gearing up to fully capitalise in the increased popularity of the country.

Plans are being drawn up to turn Montenegro's coastal areas into massive tourism resorts, and the masses of money being poured into the infrastructure since last year, is beginning to take effect, and work is still ongoing across the country.
Tourism revenues for such a tiny country were over 1billion dollars last year, and visitor numbers were far higher than the small countries population.

Property prices have risen considerably since Montenegro became popular, but you can still get a real bargain if you know where to look. David Stanley Redfern Ltd are currently marketed two extremely good value Montenegro properties.

The Lakeside Park apartments are the second release on the Lakeside Park developments, following the incredibly popular Lakeside Park chalets, which sold out recently. The development is, as the name suggests, on the banks of Slano Lake, near Montenegro's second largest town, Niksic. But you would never know it, the location is like a snapshot advertisement for the beauty of Montenegro's countryside, rolling hills, sweeping valleys and an environment that you can really relax in.

Of course for those who want to be active, there is fishing and water-sports on the lake, bird-watching, walking, and Niksic has all amenities and facilities for a perfect family holiday. Prices start at just £25,000 for a 1 bedroom apartment.

David Stanley Redfern Ltd's other Montenegro property is in the beautiful coastal peninsular of Lustica, nr the small village of Zambellici. The development is a short-way from Montenegro's beautiful coastline and only 10mins from Tivat international airport. Again Lustica is as picturesque as anywhere else in Montenegro, but has added extra's like medieval towns and villages in near perfect condition, perfect for sightseeing and history buffs. Prices start at £50,000 for a 1bedroom apartment.

Find out more about Montenegro property

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey at media@davidstanleyredfern.com

Montenegro Property Will Go From Strength to Strength

2008-04-08T07:02:00.000-07:00

Montenegro joined the European Union's (EU) Competitiveness and Innovation Programme Monday 05 March2008. Their membership will see the European Commission (EU's executive arm) actively promoting innovation, entrepreneurship and growth in Montenegro's small and medium size enterprises (SME's).

The European Commissioner responsible for the EC's industry and enterprise policies Gunter Verheugen, said Montenegro had affirmed it's European aspirations by joining the CIP program, and added:
"Participation in CIP, and, in particular the cooperation in the new Enterprise Europe Network, which Montenegro has already successfully entered, will help Montenegro to increase the competitiveness of its enterprises, in particular SMEs."

Since it split its loose political union from Serbia in 2006, Montenegro has joined several world institutions in its own right, including the World Bank and International Monetary Fund, the latest two are in preparation for its eventual entry into the EU.

According to the CIA World Fact Book, the privatisation of their largest industry, Aluminium, has been good for the economy, as well as increased Foreign Direct investment through tourism.

The latter will be further increased now that the government has relaxed the laws preventing foreigners from buying land in the country. Now that foreign entities can buy actual plots of land for development, I foresee possibly a trump towers in Podgorica, maybe a Hilton, but definitely some of the major tour operators buying up land for development as tourism to the country increases as it has.

If the global market slow continues, the developing world's most beautiful places, like Montenegro, Albania, and others will become even more popular with tourists because they offer cheaper holidays because of the low cost of living. It would be wise to invest in a property there and wait for the changes ahead.

If you agree David Stanley Redfern's off-plan apartments in Lustica, Zambellici could be the perfect choice. In one of Montenegro's long popular coastal areas, the apartments, which all have sea views surprisingly start at only £50,000. They have a communal swimming pool, fitted bathroom: electric water heater, wc, wash basin, shower, fully tiled walls, tiled floors and double glazed windows.

Find out about David Stanley Redfern's other Montenegro investment property at: http://www.davidstanleyredfern.com/investment-property/montenegro/

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com

Montenegro Investment Property: The Real Beauty is the Price

2008-01-29T06:05:00.000-08:00

Most potential investors will have heard about the massive boom that property markets across Eastern Europe have recently been experiencing. Right now three Eastern European countries in particular, Ukraine, Albania and Montenegro have become three of the most popular and favorable of today's hot, new emerging markets. Montenegro has always been sought after with second home buyers, who favored areas on Montenegro's beautiful Adriatic coastline. But since the country voted for independence in a referendum late 2006, and the country split from Serbia, prices have risen around 20% in that 2 year period, and the country has become one of the best for an overseas property investment.

Attractions include: no restrictions on foreign ownership, with the exception of vacant lots, which can only be purchased through a company and transferred easily when building has been completed, among the lowest property prices in the world $1000 per sq.m, giving way to yields of 18-24% in popular areas, capital gains tax is a reasonable 15% fixed, and inheritance tax a mere 2-2.6% depending on the closeness of the relation. The only disadvantage is moderately high rental income tax of 15-23%.
Speaking of popular areas, David Stanley Redfern are currently offering two excellent opportunities in the flourishing country. Lakeside Park, on the banks of Slano lake in Niksic, is a major new development of apartments and chalets, details haven't become available on the apartments as yet, but the chalet's will be 3 and 4 bedrooms with a plot of 1000 square meters priced from Â£63000. The cabin design can be tailored to suit the buyer's individual needs. Facilities will include swimming pool, authentic lakeside stone restaurant with bar, bicycle hire, children's playground and on-site rental management and care-takers office.

Although Niksic is thirty miles in from the always popular coast, inland areas provide the biggest opportunity for growth. Being previously undiscovered by global buyers, prices are much lower, as can be seen from the fact you can buy a three bedroom chalet in a beautiful location for only Â£63000. Montenegro is a beautiful unspoilt country from coast to coast, and for anyone worried about rumors of poor infrastructure, an article in last June's Observer told how Montenegro is benefiting from an injection of EU cash, June Dunford wrote: “roads and tunnels are being worked on wherever you look”.

David Stanley Redfern's second offering is an off-plan apartment complex in another increasingly popular tourist area: Lustica. Prices start from £50,000 for a 1 bedroom apartment, 2 bedroom apartments are also available and the development is just 1800 meters from the aforementioned beautiful Montenegro coastline, namely Miristra beach, in Zambellici -- a quiet village yet only ten minutes from Tivat airport. The development features a communal pool, the apartments are serviced and rental management is available -- furniture packs can be purchased on request.

Find out more about Montenegro investment property at:
http://www.davidstanleyredfern.com/investment-property/montenegro/

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com