New ryanair flights to give montenegro property a lift

Ryanair has announced new flights to Montenegro, which are set to give the country's real estate market a lift.

The budget airline has announced its first route from London Stansted to Montenegro's capital Podgorica, as well as new flights to Tivat from several European destinations from Tuesday 1 April 2014.

The new flights have been welcomed by developers such as Boka Group who are building the Royal Montenegro Golf Course and residential development and Sea Breeze, a villa development near Tivat.

The new route from Stansted to Podgorica will fly twice a week, on Tuesdays and Saturdays and is initially being offered from £69.98 return. Podgorica is just 80 minutes’ drive from the coastal resorts and Kotor Bay where the majority of tourists head. At the moment most visitors fly to Dubrovnik, just across the border in Croatia or in the summer months (April to October) to Tivat with  Montenegro Airlines on their twice weekly service from Gatwick.

By introducing more regular flights from a wider range of locations, Ryanair is expected to boost the number of tourists to country significantly – an increase that will encourage investment in the local housing market.

John Kennedy, the founder of Boka Group, the first western private equity fund to enter the Montenegro market, tells TheMoveChannel.com: “The growing air bridge to Montenegro from both established and new destinations is fantastic news for the growing second homes market, and with it comes a knock-on effect in terms of lettings potential for home owners.

“The timing coincides with a number of new developments, including our Royal Montenegro Golf and Country Club, now under construction. It means that new facilities, such as this first golf course on the Eastern shores of the Adriatic will be able to gain visitors from a diversified market base."

"With some of Europe’s most exclusive resorts and developments now open, this starburst in terms of direct access destinations is the point at which Montenegro will start to take advantage of a diverse regular and reliable feed of tourists from all corners of the continent,"  he added. "The country is now not just desirable, but simple and quick to get to.”