Investing In Montenegro Ski/mountain Property

Although, currently, the most popular region inThat said, in time, all the mountainous regions of
Montenegro is widely recognised as the AdriaticMontenegro are likely to become popular with skiers,
coastline, this is not to say that other regions shouldover the next few years and investing in a ski chalet
be overlooked.or renovation project is almost certain to produce a
In particular, Montenegro offers fantastic ski andgood financial result.
mountain resorts which are becoming increasinglyProperty in the underdeveloped parts of Montenegro,
popular with tourists and locals alike.which include the mountainous regions, is set to see a
Experts widely recognise that Montenegro and thegrowth of 100 percent, over the next five years,
ski resorts, in particular, are exactly where Croatiaand this could be larger still in the resorts that
was three years ago; this is fuelling a very buyoutbecome the most popular.
property market in the mountain regions.One of the resorts that has generated quite a bit of
In particular, Channel 4's 'A Place in the Sun' votedinterest recently is Zabljak. This region is of particular
Montenegro the best place to invest in property ininterest to investors as it is renowned for not having
2006, which has had a positive effect on thefantastic accommodation but, nevertheless, for
property prices, in recent months. This is not to sayoffering wonderful skiing and mountain sports,
that the property market has peaked; far from it,depending on the season. Zabljak is simply ideal for
there is still a whole lot more to gain from theproperty investors.
property market in Montenegro.By offering good quality accommodation, it is almost
Property prices are predicted to increase twentycertain that the owner will reap the rewards as
percent, annually, meaning a very healthy return overtourists realise that some of the best skiing and
the coming five years. Montenegro is also hoping tohiking in the world can be found in this stunning
become an EU member in the next few years whichmountain top resort. In the mountains, there are
should further drive up property prices across thestunning lakes and rivers that have very little
country.development.
It is also worth considering that there is zero capitalAnyone looking to invest in ski resorts in Montenegro
gains tax and only nine percent corporation tax,should be more than prepared to take on a
making Montenegro a very popular location to invest.renovation project. This because the vast majority
Ski resorts are developing at a rapid rate, inof property available for sale in these regions are
Montenegro, particularly as the government begins toolder style properties that need work in order to
invest heavily in the infrastructure that enablesbring them up to the modern standards required by
tourists to travel easily to these continually growingholidaymakers, worldwide.
resorts.Take some time to look at the areas that are
Skiing is still a reasonably immature market, inundergoing infrastructure developments, as these are
Montenegro, which can make it a relatively riskylikely to indicate the most popular potential ski
prospect for property investors. It is not yet clearresorts; this is also where the fastest growth is likely
which resort is going to become the primary resort,to be in the short to medium term.
which can make it difficult to identify the bestOverlook the ski resorts of Montenegro at your own
location.peril!