Real Estate in Montenegro
The real estate market in Montenegro has good prospects of development. The recent years saw a steady tendency to annual rise in prices by 40 - 60%. Investors and buyers are attracted by unique environmental conditions of the country, its rich history and culture, good transport accessibility, safety of living, low consumer prices and certainly traditional Montenegro hospitality. The people of Montenegro have a special attitude to Russia, maintaining centuries-old traditions of friendship, assistance and commonness of cultural wealth.In analysing the real estate market, the following features should be noted. At present, the pace of construction at the Montenegro seaside is limited. The country has introduced strict rules of urbanization, a firm order of obtainment of licensing documentation and is seriously fighting illegal builders. In this connection, the coastal areas are not built up on a large scale as in other countries of South Europe. Against the background of growing demand for real estate, this fact provides a steady rise in prices.
On the other hand, demand is now shifting towards new construction. The segment of secondary houses and flats is regarded as stagnating one. High-quality new buildings are especially popular.
Under these conditions, Сenter Adria has focused its efforts on the projects meeting the high-quality criteria and having author's individuality and uniqueness.