Introduction
Since declaring independence from Serbia in June 2006 Montenegro’s government has been keen to pursue the twin goals of 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 country looks likely to continue the strong 6% GDP growth of recent years.
Montenegro has also been placed in the top three destinations in the world by the World Tourism & Travel Council in terms of forecast growth in this sector over the next decade – the highest figure in Europe and an excellent signal to the rental potential of suitable properties.
Coupled with the country’s great beauty and thriving economy, the country is also becoming increasingly popular with investors. Since 2005 land values have significantly increased, and popular tourist destination the UNESCO-protected Kotor fjord’s landscape of steep mountains rising from deep waters naturally restricts over-development, limiting supply and creating demand for highly sought-after frontline developments such as the Seagarden Resort.
Situated on the banks of the stunning Kotor fjord, Seagarden offers sympathetically stone-built frontline apartments with views over the water and surrounding mountains. A high-spec, boutique development, Seagarden will have its own small marina, underground parking, waterside restaurant/bar and private beach.
Prices for 1-bed apartments start from €155,000 (~£114k), that’s around 16% under current market value. You can secure one of these apartments with just a 20% commitment deposit. The remaining 80% of the purchase price is due at completion. One of Montenegro’s largest banks is offering mortgages on the completed value of the property which means you could potentially (depending on your financial status) cover the remainder with finance.
This is a rare instance where a sound, long-term investment destination with plenty of potential for growth is also somewhere you would like to holiday.
Call us on 01273 627 900 to get your questions answered and to reserve your property.
Regards
Montenegro Venture Partners are the developers for Seagarden Resort.
The company was founded by Roland Dürr and Andreas Scholz. Both partners have a financial background, having gained many years’ experience and expertise working for major banking corporations.
Roland formed his development company in Germany nine years ago, where he gained comprehensive experience in residential builds. Andreas joined him three years later and together they have grown the company and expanded into Montenegro. Andreas is now based there to provide hands on attention to their projects.
Their concept at Seagarden is to create very special homes for quality-conscious people, in a beautiful part of the world. They believe that the careful planning and professional execution of all building phases lay strong foundations to provide the customer with the best possible return, and ensure the properties’ ongoing increase in value.
Architects and interior design
Architectural planning and design is provided by Studio K, a well-respected Montenegrin company, whose director, Dragan Komatine, is chair of the architecture department at Podgorica University. Interiors are being designed by a Vienna-based company, Bea and Kate Interiors.
Studio K took inspiration for the Seagarden project from the pristine, natural environment. Their stated intention is to harmonise the development with the landscape. Each residence will have a generous, light-flooded, modern design, with great attention to detail.