Montenegro attracts foreign investors

Foreign property buyers are increasingly considering investment opportunities in Montenegro, analysts have stated.

According to the BuyAssociation website, the eastern European country is attracting attention because investors are predicting strong growth in the market.

The optimism is based on the fact that a number of neighbouring nations have experienced housing booms in recent years, such as Bulgaria, Slovakia and the Czech Republic.

As a result, they have proved to be highly lucrative locations for many overseas property investors.

Paul Collins, property editor at BuyAssociation, commented: "Countries that are nearby another country that's become a huge emerging market take on more importance."

He added that authorities in Montenegro are reforming the property-buying system in order to make it easy for foreign nationals to enter the market.

This comes after NuBricks.com described Montenegro as a country which is "on the up".

According to the website, the nation has the necessary ingredients to be a highly prosperous property market.

Visit our off-plan property Montenegro page