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
Seagarden Resort is located on the Kotor fjord, a stunning natural inlet of the Adriatic Sea.
The deep waters of the fjord swirl around impressive rocky peaks, and this combination of sea and mountain scenery is breathtaking. The Lonely Planet guide describes the area as “Montenegro’s most dramatic setting”.
Seagarden’s proximity to the water makes it an ideal place to swim, dive or sail in beautiful surroundings. The area is popular with hikers and cyclists who relish the chance to explore the great outdoors. In the winter, it is possible to ski in the country’s interior mountains just an hour away.
Seagarden is situated two miles from the ancient and historic walled town of Kotor, a UNESCO World Heritage Site. It is a well-preserved medieval town with lots of charming narrow lanes to explore, and many beautiful and historic buildings and churches to visit. It’s a great place to sit at a pavement café and watch the world go by, or sample some local cuisine in one of the many bars and restaurants. It is possible to climb the town’s ramparts, which rewards the energetic with an amazing view over the town and fjord.
Kotor also has an active cultural life, with many unusual festivals and celebrations held throughout the year. These include a small Venetian-style masked “carnevale” in February, a festival of underwater film, a festival of camellias, and numerous other folk festivals and saints’ days.
For more details visit: www.visit-montenegro.com/cities-kotor-t-ev.htm