| Just a few short months ago the people of | | | | estate haven in a small coastal town in Montenegro |
| Montenegro voted to sever ties with Serbia even | | | | called Tivat. |
| though they knew that in the short term this would | | | | All efforts are being rewarded - Russian, |
| set back their nation's chances of EU entry and | | | | Scandinavian, US, UK and Irish interest in tourism and |
| destabilise the political and economic development of | | | | property is surging ahead and prices are creeping up - |
| Montenegro. | | | | and now that James Bond has showcased |
| As a result of achieving independence Montenegro | | | | Montenegro's diverse and stunning countryside, |
| did indeed lose its Council of Europe membership for | | | | summer 2007 could see Montenegro return to its |
| example, but in terms of what it gained, it gained the | | | | former glory days when the likes of Elizabeth Taylor |
| potential to become a tourism destination of note | | | | and Richard Burton holidayed on its shores. |
| once again and the chance to have an emerging | | | | In terms of the property market and its prospects - |
| property market with serious potential for expansion. | | | | well, the government have taken measures to |
| There has been a great deal of international focus on | | | | improve the buying process for overseas investors |
| the nation throughout 2006 and not all of the focus | | | | because those who come pay for their purchases |
| has been positive; some reports have tended to | | | | with cash that is needed to bolster the economy. |
| focus on what Montenegro lacks such as mortgages | | | | Those who are buying and investing want to see |
| and sophisticated infrastructure, some have focused | | | | Montenegro develop to become a sophisticated |
| on what Montenegro has but does not need such as | | | | tourism destination and they are not in any hurry nor |
| a history of black market corruption - but few have | | | | do they want to see the nation exploited, therefore |
| offered a balanced and tempered overview of | | | | those buying properties today should consider their |
| Montenegro and what it can offer a property | | | | investment a long term one. |
| investor over the longer term... | | | | Mortgages will come, as will much needed |
| Montenegro has a responsible government; since | | | | infrastructure improvements and the reduction of |
| independence it has been pursuing everything from | | | | unemployment. Local people will become more |
| EU entry in the medium term to immediate | | | | affluent and able and willing to buy real estate - and |
| membership of the World Trade Organisation, it has | | | | slowly but surely more and more prospects for |
| already attracted serious international direct | | | | profitability will become available for an investor. |
| investment in the form of the latest James Bond | | | | In the short term property price expansion and rental |
| movie which was filmed across Montenegro and in | | | | yields achievable from property stock are limited, but |
| the form of the chairman, CEO and founder of one | | | | 2007 is a great year to enter the market for those |
| of the largest real estate investment trusts listed on | | | | who can tolerate risk and who can recognise the |
| the NYSE who agreed terms with the Montenegrin | | | | inimitable potential epitomised by the property |
| government to buy and totally redevelop a former | | | | market in Montenegro right now. |
| rundown and disused ship yard into a tourism and real | | | | |