Red Corner: Real Estate in Montenegro

With Montenegro having recently gained its independence from Serbia, you can expect to see a slew of press about this new, emerging country.

The Times (UK) has jumped on board with an article about buying vacation homes on Montenegro’s beautiful Adriatic Coast as well as various locations inland. As you might imagine with an emerging country struggling with its infrastructure, there are great deals to be had. Prices are rising quickly, however. Investors are anticipating that the real estate market in this region, which is just south of Croatia, will soon boom just as Croatia has done. Predictions that Montenegro will one day join the EU will further exasperate prices.

In the meantime, deals can be had for £30,000-£200,000. And the buying process, according to The Times, is rather easy-except for the part about mortgages not existing.