Quote:
Originally Posted by propertastic
Yes, I've thought Chisnau is interesting for someone who's ready to take a bit of a gamble.
I've always liked Podgorica, the capital of Montenegro as well. All of the action has been on the coast so far, but there's a real absense of good property in the capital, so I've heard that yields are sky high there too.
It's going to be finding good quality housing stock in both these cities available to buy though - I've searched a lot in the past and it's hard to find.
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Prices in Podgorica growed up too much in last 2 years and for oridnary people it's hard to even afford to buy flat. Average salary is 400 EUR or something like that so it's impossible to buy flats with prices 2000 EUR/m2 and up to 3500 EUR/m2. You can also get off-plan developments for less but if you want to move in at once it's hard. I manage to buy very nice flat on good location for 1200 EUR/m2 in August 2006 and let it for 800 EUR/month which is even better of what I have expected. But demand have stopped recently and we'll see if it's only temporary. Otherwise anyone who is more interestedin Podgorica or Montenegro feel free to PM me.