Montenegro could be 'next big thing' for property investors

17-Jan-2007

The Balkan state of Montenegro could offer first time buyers looking to invest an excellent rate of return.

According to experts at the forthcoming Homebuyer Show, the recently independent state could offer first time buyers high returns, as property price increases are now estimated to be the fastest growing in the world.

With house prices rising by over 80 per cent over the last three years, a property now costs between £38,000 and £88,000.

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"This is a market with great potential. The natural beauty of the land and the perfect climate will ensure continued rapid growth in the tourism industry," said Jonty Crossick, managing director of Ready2Invest, an exhibitor at the show.

"Montenegro offers property investors excellent investment opportunities for both rental income and house price growth," he added.

However, experts caution that as the market is still underdeveloped, first time buyer investors should be fully aware of their legal obligations and the housing market before making a purchase.

The Homebuyer Show will be open between March 2nd and 3rd in London's Docklands and will feature a number of experts who will be able to offer advice on house purchases for either residential or investment purposes.

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