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MONTENEGRO:
Montenegro located in Southern Europe, is one of the newest countries in the world having gained its independence from Serbia in 2006. This small country of 14.000 km2, approximately the size of Wales, has a population of only 670,000. Montenegro's native name, Crna Gora, literally translates to "black mountain" or "black forest". Montenegro is one of the last undiscovered secrets, a country of medieval towers, ancient villages, rare beauty and artistic values, a country where 15% of its territory is under UNESCO protection. Montenegro is also known as a land of “6 continents”.
The geographical position of the country, a coastline of almost 300 km and a huge assortment of cultural, historical and natural treasures such as soaring mountains, deep valleys and glaciers make Montenegro one of the most beautiful countries in the Mediterranean. Such diversity of untouched nature on such a small terrain makes Montenegro a unique country. With four different climate types and a number of geographical variations, it has huge potential as a tourist destination.
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Montenegro Property, Montenegro Property Sale, Real Estate in Montenegro, Real Estate Montenegro, Montenegro Real Estate, Property in Montenegro
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MONTENEGRO:
Montenegro located in Southern Europe, is one of the newest countries in the world having gained its independence from Serbia in 2006. This small country of 14.000 km2, approximately the size of Wales, has a population of only 670,000. Montenegro's native name, Crna Gora, literally translates to "black mountain" or "black forest". Montenegro is one of the last undiscovered secrets, a country of medieval towers, ancient villages, rare beauty and artistic values, a country where 15% of its territory is under UNESCO protection. Montenegro is also known as a land of “6 continents”.
The geographical position of the country, a coastline of almost 300 km and a huge assortment of cultural, historical and natural treasures such as soaring mountains, deep valleys and glaciers make Montenegro one of the most beautiful countries in the Mediterranean. Such diversity of untouched nature on such a small terrain makes Montenegro a unique country. With four different climate types and a number of geographical variations, it has huge potential as a tourist destination.
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The government is very keen to pursue 2 goals; stimulating tourism growth and increasing its attractiveness as an EU candidate. With EU membership projected for 2014, and EU funds allocated to improve infrastructure, the looks likely to continue the strong 6% GDP growth of recent years. The Government have a very clear vision for the economic growth of Montenegro which is evident all ready in their intelligent taxation with corporate tax running at 9% and income tax at 15% and with the Government confirming that they will have all taxes at a flat rate of 9% by 2012.This demonstrates stability, both economic and political.
The creation of these conditions in economic growth allows capital growth which in turn gives investor’s huge growth. For the second year the world Trade and Tourism council report which is compiled by 150 of the top CEOS in the business world have ranked Montenegro as the number one destination in Europe for the next ten years and ranked it number two in the world, an excellent signal to the rental potential of suitable properties. 2004 saw 500,000 tourists, 800,000 throughout 2005 and 1,850,000 in 2006. Since Montenegro became an Independent republic in 2006, leading International business and private high worth individuals have contributed enormous foreign investment to this emerging economic giant. |
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In Montenegro there are 2 International airports: Podgorica and Tivat. Airport Podgorica located 11km from the capital of Montenegro. Every day there are scheduled flights to various European and world destinations. During the summer season there are many charter flights and air connections to all major cities of the world. Airport Tivat is the ideal choice of arrival to visit the Montenegro coast. It is only 20km away from the tourist metropolis of Budva and less than 10 kilometers from Kotor. There are daily flights to different European destinations. During the summer season there are charter flights to major cities of Europe and the world.
With 240 days of sunshine per year, deep blue sea, a stunning coastline of almost 300 km, crystal clear rivers, mountains that seem to reach the sky, the dense protected forests, lakes overflowing with fish, the diverse climate and such great value – all within a three hour flight of major European airports. All this mixed together with beautiful coastal towns with renaissance charm makes Montenegro an irresistible destination and a serious contender for anyone wanting to make an investment in an overseas property.
There is something here for everyone–You can ski in the morning and sun bath by the most beautiful beaches in the region in the afternoon and with 5 golf courses planned over the next 3 years there are no shortage of things to do!!
Why Montenegro?
• Montenegro is beautiful and rich in culture, history and natural wonders, it has a 283km Adriatic coastline with 117 beaches, parkland, the world's second deepest canyon, ski resorts, 40 large lakes and property is still affordable.
• In 2001 the Montenegrin government created their 'Tourist Master Plan' this maps out the long-term national strategy up to 2020. New marinas and resorts are planned that will incorporate luxury golf courses and hotel complexes. By 2014 Montenegro is expected to become one of the fastest growing tourist destinations in the world.
• The EU - ERBD Bank investment in the infrastructure of Montenegro ie airports, roads, etc. of €11 billion from 2003 is set to continue.
• Government capital investment into construction and manufacturing of an estimated €42.8 million in 2004 is set to rise to €121.2 million by the year 2014.
• In 2004, the World Travel and Tourism Council, a trade group of business leaders, highlighted Montenegro as the 'fastest growing travel and tourism economy in the world'.
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The EU - EBRD Bank investment in the infrastructure of Montenegro i.e. airports, roads, etc. of €11 billion from 2003 is set to continue.
• With capital appreciation rising at a steady 20-25% per annum and forecast to remain stable until 2014 Montenegro is proving to be a hot spot for investment.
• Careful planning has helped Montenegro to limit the number of developments and avoid building the type of concrete jungle that has appeared in other countries.
• Foreign investors share the same privileges and land rights as residents
• Currently the number of tourists visiting Montenegro is increasing at a rate of 17% per year and for the fourth consecutive year Montenegro has been ranked by World Travel & Tourism Counsel (WTTC) among the world’s top 3 destinations in terms of forecast travel & tourism growth over the coming decade.
• Over 80 tour operators from more than 15 countries, including 6 in the UK organize holidays to Montenegro.
• Government legislation to support and encourage investment, which includes Free Trade Zones for foreign investments, repatriation of funds and residency rights.
• The property buying process is similar to that of EU countries such as Spain and Italy when buying off-plan |
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Montenegro
