Imagine a place where you can bathe in the sun and within 2 hours you could be skiing...
That place is Montenegro!
A spectacular country measuring an area of under 14,000 km and just 294 km along it’s coastline with exclusivity and picturesque environments, 240 days of sun, temperatures exceeding 38°c, mountains reaching over 2,500m in height surrounding the bay like a man’s palm cupped when thirsty.
Montenegro is one of the most attractive destinations in the world according to the return on foreign direct investment (FDI)
With over 500 million € of investment since the independency of Montenegro clearly illustrates the attraction of Europe’s new Monte Carlo.
Why invest in Montenegro?
- International tourism is rising fast, up by 38% from 2006, which means Montenegro has the second fastest growing tourism in the world.
- EU membership is a government priority, with the planned date set at 2012. Once Montenegro is part of the EU property prices are expected to increase significantly.
- Property prices have risen on average 20% for the past two years, and in some areas they have increased by over 30%.
- Since independence from Yugoslavia, there no longer remains any political risk involving Serbia and Montenegro, and in 2007 Montenegro became an independent state.
- Montenegro is not just a place for property investors; it also makes a fantastic holiday destination and a nice, relaxed place for retirement.
Why buy off-plan property?
Buying off plan today means that you pay the going rate or discounted rate of the current market value. Buying early ensures that you are in the prime position of not only securing a great property in a prime location, but also enjoying the benefits of investment.
- Off plan sales are sold at or less of the current market value which means that once the property has been built you stand to make a much higher capital gain.
- Off plan property usually includes a discount i.e. 20% off plan discount which means that you instantly gain capital appreciation as you have purchased property at a discounted value against today’s current market value.
- Buying a property in the early stage means that you also have input in the way you want your property furnished, decorated and equipped – therefore your property can be customised to your taste making it ready for you to move in hassle free!
- Payments are not made all at once. Buying off-plan incorporates that you pay in stage payments. Therefore your money is not tied up all at once – your payments are spread throughout the stages of development.
: 650 575
2½ hour flight from the UK
(Tivat, Costal and Podgorica, Capital)
: Podgorica, population 136,473 (03 census)
Average no of sunny days
Average no of snowy days
Average Temp in July
Average Temp in January
: Kuk 2.522 m
: 293,5 km
: Boka Kotorska
Croatia, Serbia, Boznia and Herzegovina and Albania
Summer in Montenegro is one not to be missed. With temperatures climbing over 38°C in summer 2007 and with an average of 240 sunny days a year is only a pinch as to why Montenegro is a truly amazing country.
The width of the sea surface 12 nautical miles (22,224m)
Total surface of the sea 4,800km2
Coast length 294km
The Adriatic sea is one of the cleanest in Europe and in front of Boka Kotorska (Kotor Fjord/Boka Bay) the Adriatic is the deepest measuring 1,330m while it is the widest between Bar and Brindisi (Italy) 114 nautical miles (211km)
This is also the zone of the greatest saltiness (38%), the zone where the sea is the most transparent (69m) and with the warmest water (25°C in July)
There are over 27,820 sunny hours a year in Montenegro, the annual temperature of the coastal sea water is 17.4°C and the annual average air temperature is 17°C. These values make the length of the bathing season in Montenegro one month longer than it is in Malaga, Spain or Nice, France or even two months longer than the Black Sea.
Things to do in Montenegro include:
Rafting, Snow kite surfing, Mountaineering, Balloning, Diving, Fishing, Water kite surfing and much more!
The winter period in Montenegro is wonderful. With an average temperature of 14.5°C in Zabljak which is the largest town on mountain Durmitor 2,522m above sea level.
Zabljak itself is 1,453m above sea level, on average there are 138 snowy days a year and the highest depth of snow measured in the very town was 210cm.
Zabljak currently has 3 ski centres ''Savin kuk", "Bosaca" and "Jovoraca". With Savin kuk meeting the expectations of the more demanding skiers, with the ski run being 3.5km and with the capacity of 4,000 skiers per hour.
On the slopes of the Orjen mountain, within the area of Krivosije, in the locality called Crkvice at an altitude of 1,097m there is a meteorological station with precipitation of 5,155 mm/m2 and with absolute daily record of 480 mm/m2 (recorded 21 November 1927). This record can be found only in one more place called Karapandza which is under the Himalayas, opposite of Bengal Bay.
Kolasin famous for it's winter season is situated between central and northern Montenegro at an altitude of 950m, at the foot of the mountain massifs of Komovi, Bjelasica and Sinjajevina, just next to the national park "Biogradska Gora". Beside its ideal altitude and favourable winter sports, Kolasin also has an ideal geographical position. It is situated on a highway between Beograd - Bar, only 80km away from Podgorica.
Montenegro is rich in lakes. The largest one is Skadar Lake followed by Sas Lake and Plavsko Lake. The deepest lake is Black Lake on the mountain Durmitor (49m deep) and the largest glacial lake is Pivsko Lake.
There are 29 glacier mountain lakes in Montenegro, of which Plavsko Lake is the largest.
The Hydrographical system of Montenegro consists of two basins - The Adriatic (47.8%) and the Black Sea (52.2%).
Montenegro's native name, Crna Gora, is first mentioned in 11th century in Vatican documents and translates literally to "black mountain" or "black forest", a reference to the dark forests that once covered the slopes of the Dinaric Alps as seen from the Adriatic coast. The country's name in most Western European languages, including English, reflects an adoption of the Venetian term monte negro, also meaning "black mountain".
Old royal capital Cetinje
Nationality Montenegrins 43%, Serbs 32%, Bosnians 9%, Albanians 7%, Muslims 5%, Croats 1%
Religion 65% Orthodox, 19% Islamic, 4% Roman Catholic, 2% Protestants, 1% Other
The coastal food in Montenegro is rich in fish, olives and cereals while the continental is based on dairy products, "red" meat and potato.
We try to make the purchase procedure in Montenegro and the Balkans as simple as possible allowing the customer to plan and look forward to their newest acquisition.
Buying property in Montenegro and the Balkans is a relatively straightforward legal process which can be carried out much faster than purchasing property in the UK. Legal representatives will be required if you wish to complete the purchase procedure from the UK, in this case VProperty can assist you with providing power of attorney.
Property purchase procedure
- A reservation deposit is paid
- A Preliminary contract is signed followed by a 10% deposit*
- The remainder of the balance is then requested within the timescale outlined in the preliminary contract
- The main contract is signed in front of the county courts either by the buyer or legal representative and the deeds are then transferred to the buyer
Off-plan property purchase procedure
- A reservation deposit is paid
- The signing of the preliminary contract is required followed by the first instalment 30%*
- Further instalments are then paid as stated in the preliminary contract until completion
- On completion the main contract is then signed in front of the county courts either by the buyer or the legal representative and the deeds are then transferred to buyer
*Unless otherwise stated