Expert hails mighty montenegro

Montenegro is one of the few markets favourable for property investment in 2009, argues one company...

Montenegro is one of the few countries that saw continued and strong economic growth throughout 2008, and according to Property-Abroad, the Montenegrin government is one of the best in Europe.

Les Calvert, director of the portal said: "Montenegro property prices grew strongly throughout 2008, and every indication is that they will hold if not continue growing in 2009.

"We recommend Montenegro as not only an investment that can make substantial capital gains in the mid-long term, but property price growth is fuelled by rapidly rising tourism, which continues to grow, so carefully chosen Montenegro properties are capable of earning substantial rental incomes.

Impressive growth

In September last year,  the European Investment Bank issued a 30million Euro loan to a Montenegro bank to finance projects implemented by Small and Medium size Enterprises, in other words to make sure finance was available for productive investments. It gave this loan because of, 'Montenegro's impressive economic growth'.

Montenegro's impressive economic performance has been mirrored by impressive growth in property values throughout 2008, and Montenegro resilience to the credit-crunch continues in 2009, as has rising tourism. All indications are that Montenegro is as good as anywhere for a property investment in 2009. And if EU accession goes ahead as planned it will become very lucrative indeed.

Source: www.property-abroad.com