Visit-Montenegro.com: Demand in Petrovac and Becici has increased

While real estate markets around the world are facing long and severe winter in which investors and clients keep their hands and wallets deep in their pockets, the Montenegrin market shows good signs of growth, Amir Rosman, the manager of the Israeli real estate agency More Group, says.

“With certainty we can recognize that there have been some changes at the market. There are many more clients, demand is slowly increasing, and the sale prospects have been improved since the end of winter”, Rosman said, as cited on many internet portals.

He said that the demand has increased particularly in Petrovac and Becici where this agency has finished property.

“We are good at this”, Rosman added.

He claims that unlike many other countries there is a limited number of high-quality real estates in Montenegro. This keeps the prices stable and in good direction. “Obviously you have to be creative in current market conditions and you should provide assistance to clients. For this reason we are offering credits to our potential buyers, as well as guaranteed models for renting and other advantages in order to survive in the market”, said Rosman. His agency has offices in Podgorica and Budva.

He said that Montenegro uses Euro as official currency since it has been introduced five years ago. Also, Montenegro is one of the countries which are future candidates for joining EU.

“With its wild nature and extraordinary beaches this small country has positioned itself well on the world tourism map. According to the latest data of the Ministry of Tourism the number of arrivals and flights has increased. Particularly interesting is the fact that visitors are coming from new destinations. This means that a greater number of people will reveal the beauty of Montenegro as well as its investment opportunities. Recently the influential American weekly magazine BusinessWeek has been writing about potentials of the Montenegrin market. According to this magazine Montenegro and Croatia are the “hot markets” which will be the first to attract investors who are being cautious due to financial crisis.

Signs that the real estate market is recovering after serious downfall which lowered prices in Spain for 35% indicate that investors are willing to back to the “hot markets” such as Croatia and Montenegro in Europe – as it has been stated in the BusinessWeek.

According to the survey conducted among traders Montenegro is said to be the best opportunity for investing. Before the crisis, 600M USD was invested in Montenegro on a yearly basis. The next on the list are other countries from the region of the Eastern Europe. Western countries where the prices reached the lowest levels because of the recession are also on the list.

by A.K.