Dear Soup Dragon
As well as dealing extensively in the bouyant market of Montenegro, we also have wonderful beach front and City development investment opportunities in Albania.
As the orginal UK agency to go into Albania we have been actively trying to promote the country to the masses that feel that Montenegro is too expensive especially as a country it does not offer sensible finance as yet. It is offering fairly competative finance on certain developments however.
Albania is full of opportunities for the investor ready to add further diversification to their portfolio.
The country certainly comes with a chequered past but from what we have seen over the last two years it is now full of optimism and we have had huge interest for land and off plan property over the last year.
The country has low inflation, high GDP and decreasing unemployment to acceptable levels as well as continous investment from US and Europe which will increase as the country goes towards European ascension .
Finance is available through major European banks and is a main trade corridor from Italy to Russia.
Montenegro is a wonderful country and I have invested there myself but the market is becoming increasingly difficult to buy into now for average investor. We are finding that buying into investment funds for land purchase and development is proving popular as the outlay is very very low with small risk but high capital growth.
Drop me a PM at any time if you want to know more.
Stingo
Quote:
Originally Posted by The Soup Dragon
valnet, this is the first time I've spotted the New and Emerging Property Markets section, otherwise I would have responded sooner. I like Montenegro, but am unlikely to invest unless mortgages (with decent interest rates) become more readily available over there or I can find a fund (closed ended) that focusses in that area. If you have news on those fronts I'd be interested to hear about it.
Do you have any dealings with neighbouring countries (I'm thinking Serbia and Albania) or are your interests solely in Montenegro? (I feel the markets are considerably less mature in these locations.)
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