Overseas Property investors 'snapping up Montenegro'
Montenegro is showing definite signs of popularity among foreign investors, following reports that non-domestic buyers are buying up a significant portion of land and accommodation.
Figures reveal that foreign investors account for almost 1.4% of the total territory in Montenegro, coupled with 8.49% of accommodation including houses, apartments, business spaces and hotels, according to Visit-Montenegro.com.
These trends highlight Montenegro as an emerging hotspot for overseas property investment, with many international buyers attracted by affordable properties in an open, unsaturated market.
It is thought that the rising popularity of the location among foreign buyers will help attract further international investment, boosting demand and ultimately helping the market develop.
Commentators maintain that the country's property market has enjoyed a boom in recent years which is set to continue, fuelled in part by an increase in buyers that are relocating abroad or looking to make good investment returns in a growing property market.