Montenegro Property Investment For Sale
"Its bewitchingly stunning scenery has created a growing tourist industry”
One of the smallest countries in Europe but with truly bewitchingly stunning scenery: vertiginous mountains skirting around deep lakes; elegant national heritage sited pale-walled cities and mile upon mile of golden beaches; Montenegro has emerged from the split with Serbia as a popular fast growing holiday destination.
Best described at a country in transition to a having market economy, the state sector still remains a dominant area and many changes are still needed although much has been achieved including privatisation of most of its financial sector and its large aluminium complex which is still the key industry in Montenegro. The economy is heavily reliant on tourism and it is in this area that there has been the largest direct foreign investment.
Whilst Montenegro is showing progress in its political stability, it still retains some of the scars of its troubled past. Land is not always registered officially and has often been in the same family for generations, meaning claims over land can be tangled for new owners. There has been widespread corruption and organised crime which now are being tackled by the government and unemployment and regional disparities have hindered growth, particularly since the economy and real estate market was badly hit by the international financial crisis and euro-zone problems. Montenegro also suffers from a very poor infrastructure that makes reaching the less popular and developed areas virtually impossible at times.