Own A House - real estate market news

Real estate market in Montenegro favorably differs with its strategic direction to tourism (as a matter of fact is a main income source for Montenegro).

The main market of real estate in Montenegro includes apartments, country houses, houses, hotels, restaurants, bars, i.e. the commercial and residential real estate intended for tourists and rest. The prices for such real estate, certainly, depend on a site and closeness to the sea. Having summarized - 1400 euros for sq. meter in a country house, house, and an apartment from 500m from the sea and farther. More than 2000 euros for sq. meter cost the real estate at the coast.

The Western Europe has always considered Montenegro as a place created for rest. Montenegro and the seaside in particular, has turned to an enormous building site for construction of elite real estate (country houses, houses, hotels) and apartments. Restaurants and bars are under construction everywhere and are offered for sale.

Real estate in Montenegro stably rises in price, taking the lead over statistics of other European countries; it is also find a ready rent market.

The legislation of Montenegro allows foreigners without difficulty to buy and sell both commercial and residential real estate. Procedure of registration is easy and takes a few days.