Most potential investors will have heard about the massive boom that property markets across Eastern Europe have recently been experiencing. Right now three Eastern European countries in particular, Ukraine, Albania and Montenegro have become three of the most popular and favorable of today's hot, new emerging markets. Montenegro has always been sought after with second home buyers, who favored areas on Montenegro's beautiful Adriatic coastline. But since the country voted for independence in a referendum late 2006, and the country split from Serbia, prices have risen around 20% in that 2 year period, and the country has become one of the best for an overseas property investment. Attractions include: no restrictions on foreign ownership, with the exception of vacant lots, which can only be purchased through a company and transferred easily when building has been completed, among the lowest property prices in the world $1000 per sq.m, giving way to yields of 18-24% in popular areas, capital gains tax is a reasonable 15% fixed, and inheritance tax a mere 2-2.6% depending on the closeness of the relation. The only disadvantage is moderately high rental income tax of 15-23%.
Speaking of popular areas, David Stanley Redfern are currently offering two excellent opportunities in the flourishing country. Lakeside Park, on the banks of Slano lake in Niksic, is a major new development of apartments and chalets, details haven't become available on the apartments as yet, but the chalet's will be 3 and 4 bedrooms with a plot of 1000 square meters priced from £63000. The cabin design can be tailored to suit the buyer's individual needs. Facilities will include swimming pool, authentic lakeside stone restaurant with bar, bicycle hire, children's playground and on-site rental management and care-takers office.
Although Niksic is thirty miles in from the always popular coast, inland areas provide the biggest opportunity for growth. Being previously undiscovered by global buyers, prices are much lower, as can be seen from the fact you can buy a three bedroom chalet in a beautiful location for only £63000. Montenegro is a beautiful unspoilt country from coast to coast, and for anyone worried about rumors of poor infrastructure, an article in last June's Observer told how Montenegro is benefiting from an injection of EU cash, June Dunford wrote: "roads and tunnels are being worked on wherever you look".
David Stanley Redfern's second offering is an off-plan apartment complex in another increasingly popular tourist area: Lustica. Prices start from £50,000 for a 1 bedroom apartment, 2 bedroom apartments are also available and the development is just 1800 meters from the aforementioned beautiful Montenegro coastline, namely Miristra beach, in Zambellici -- a quiet village yet only ten minutes from Tivat airport. The development features a communal pool, the apartments are serviced and rental management is available -- furniture packs can be purchased on request.
Find out more about property Montenegro and buying property in Montenegro.
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
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