"Pilgrimage" in Montenegro

Solar resorts and increasing the price of residential property attract foreigners in Montenegro, as a magnet. Adriatic Mecca in the last two or three years, is extremely popular among Russians was Montenegro. First, there stretched the flow of tourists, so tight that air carriers in the peak periods are struggling to cope with the demand for this line. And after the tourists were pulled in Montenegro, and investors looking to buy a house or an apartment next door to Italy, Julia Titova, head of foreign real estate company "BEST real estate," explains the growing popularity of Montenegro: "This latest visa-free country in Europe, opening the door hospitably the Russians. The unusual nature, clean Adriatic sea, great environment, excellent sea food and many other amenities make Montenegro very popular among our citizens. " If we add the observed rise in the real estate market, it becomes clear why so many Russians, as well as other foreigners buy housing in Montenegro. According to Elena Nekrytovoy, project manager at the resort real estate luxury real estate agency "New Quality", in Montenegro, a sufficiently high potential not only for tourism but also for the purchase of real estate. "Those who bought the Montenegrin real estate a year or two ago, very happy, because no doubt further increase in prices - says Julia Titova. - Because the economic potential of the local market is gaining momentum. " Andrew Ekomasov, head of the "Trade World", also notes that Montenegro for centuries historically linked to Russia. Therefore, acquiring real estate in Montenegro, you sosedstvuete with people whose attitude to the Russian-speaking visitors are not just friendly, and very respectful. Their language is close and clear, many of the traditions and customs are the same as ours. Tremendous growth as the strategic direction of development of Montenegro's tourism is the most attractive to buyers in the real estate market apartments, cottages and villas located on the Adriatic coast. Their value has recently soared upward. Therefore, according to Julia Titova, of the availability of the Montenegrin real estate market talk today is not necessary, since the prices are close to Moscow. "The development of tourism in Montenegro has provoked a wave of interest in the country among foreign investors. And the increasing demand for real estate led to the fact that housing prices here are incredibly fast rise: the cost per square meter, compared with 2006 increased by 3.5 times, and on land - in 7-8 times - said Dragan Haydukovich, head of real estate "Monte-house." - Such a huge increase - a rise from zero. And on reaching the average for Eastern Europe, property prices, their growth will occur more smoothly. " Other experts estimate the price increase on the Montenegrin residential real estate a little more modestly. For example, according to the agency "New Quality", in the period from 2004 to 2007 is the average it is 70% per year. In 2004, the average cost of 1 sq. km. m stood at 750 euros, and in 2007 similar facilities cost around 2,500 euros per square meter. m. This figure is not final. According to the forecasts of market participants, the average price threshold of 4,000 euros per square meter. m will be met this year. According to Elena Neva, manager of customer service and business development "Adrionika" Montenegro property market already overheated. This means that in 2007-2008 prices dorastut to its market peak. Now, however, investing in residential real estate Montenegro is advantageous as there is today, prices will remain still during the year - one and a half years. As noted by Elena Nekrytova, Montenegro is among the five countries with the highest liquidity. "According to our estimates, the boom of real estate in Montenegro will last at least a half to two years and will continue to grow as the date of entry of Montenegro into the European Union", - says Andrey Ekomasov. With prices rising and the volume of construction - demand creates supply. According to expert estimates, in 2007, housing will exceed three times last year's figures. Increased demand Nekrytovoy According to Elena, the most in demand is housing in the price range of 100 to 300 thousand euros. It is most often the objects in the primary market (cottages, villas and apartments in apartment complexes) as the primary housing stock and the initial phase of construction is most advantageous. However, it should be noted and that the construction season on the coast runs from October-November to May, and thus increases the waiting period. Therefore, it becomes attractive and secondary housing market in Montenegro, the interest for which, according to Elena Neva, among Russian customers is growing. Alina Yakushev, Director, St. Petersburg representative office EstateService, notes, moreover, is the advantage of the secondary market as the sale of objects already furnished, which is quite convenient in a foreign country. The greatest demand on the secondary market are apartments costing up to 100-150 thousand euros. Total cost of the site is determined by several factors. For example, the closer to the sea, the higher the price. Property price increases in the case where a house, villa or apartment has just been built or repaired, have a private beach, marina. "Those who wish to purchase a house on the seafront with its marina, you must have a sum not less than 2 million euros - said Julia Titova. - It will not be a smart residence, but something modest, but on the shore. " The average price of apartments, according to agency "BEST-real estate", ranging from 2,000 to 3,000 euros per square meter. m But lovers of Class "luxury" apartments will cost from 3,000 to 5,000 euros per square meter. It turns out fashions for the purchase of residential property also has a certain fashion. Dragan Haydukovich said that it influences the choice of a place or object type. The first "hit Glory" took over the cities of Montenegro, as Budva, considered the most "rave" city of the coast, St. Stephen - the "elitist", Petrovac - "calm and family." "According to German experts, now the capital of the resort of Budva on the long term investment is only in third place, and on the ground - Ultsinskaya Riviera to availability for sale of land, pristine sandy beaches and the Great trinadtsatikilometrovym warmer sea", - says Andrey Ekomasov. Elena Nekrytova as fashion trend says foreigners purchase property in the town of Becici, which has a developed infrastructure, which is located close to the famous beaches, but it remains quiet and peaceful place. Real Estate, presented here, the agency specialists "New Quality" categorized exclusive. Alina Yakushev to the category of the most popular cities in Montenegro and adds Rezevici Perast and notes that the demand in the most fashionable places outstrips supply in order. Recently, however, the popularity of the vector moves from the coast in the direction of the ski slopes of Zabljak and Kolasin. Dragan Haydukovich explains this fact is quite simple: the Russians are extremely heat treated to Alpine skiing. Julia Titova said that because "the skiing area" is only beginning to develop, you can purchase only the land, but at low prices. What certainly will not lack, as it allows complete implementation of its own projects. Is it profitable to hire? Often the property is not acquired for his own residence, and for putting it out. This is precisely the situation in Montenegro. Dragan Haydukovich said that during the holiday season (May to October) on the coast in the lease rent almost any building, as well as in season from November to March - in the mountainous parts of the country near ski resorts. Alina Yakushev added that most of the houses originally built under the lease of premises: sometimes it's a couple of apartments with a separate entrance, and sometimes a few tiny spalenok. But the demand is everything, and even in a season filled spalenki. "However, not long season, but even with its short duration the price of apartments allow owners to have a good income," - says Alina Yakushev. According to Dragan Haydukovicha prices like housing formed in opposition to rather high prices for accommodation in hotels and lower - in the private mini-hotels. Emphasis is placed on the fact that in an apartment, rented, can live as one family, and the company, with no fee charged for the bed-place, but for all the apartments in the day that the per person is cheaper than in the the hotels. For example, according to forecasts, this season in Budva in double rooms in a private mini-hotel price will fluctuate between 25-35 euros per night, apartments will cost a bit more expensive - around 50-90 euros depending on distance from the sea and the state itself suites. According to the same agency "New Quality", the spread and all can be from 20 to 600 euros per night. Of course, high prices of rents intrinsic to the "royal" apartments. However, it should be noted that in the rental business in Montenegro is one "but". Alina Yakushev draws attention to the fact that the pass purchased real estate in Montenegro and just - in the absence of management companies. The most reasonable way seems buying a house with several bedrooms, which offered to settle friends or relatives from Russia, who for the right of free accommodation by the sea will agree to accept guests. If you consider a house with six bedrooms, one of them will get "administrator", then within 100 days of the season at 80% occupancy rate revenue will be 12 euros. Given that taxes and utility bills are low, profits will be almost pure. Such a house will cost around 250 thousand euros, its payback period is a lease of 17 years. Investing a small amount of money in upgrading and landscaping can raise prices and thus reduce the payback period by 1.5-2 times. We have the goods, you have a merchant Buying property in Montenegro is not a big deal. "Rules for the ownership of real estate in Montenegro is extremely loyal to non-residents" - confirms Dragan Haydukovich. The whole process takes 15-20 days, with the personal presence of the client is not required, it is enough to issue a power of attorney to the representative of the real estate agency to conduct the transaction. "If the apartment is sold by several owners, they must all be present or have a notary or a Montenegrin Embassy in Montenegro. Purchased property will be inherited, like the residents of the country. Taxes and utility payments do not differ from those that pay the locals "- says Alina Yakushev. However, each has its own ointment fly in the ointment. This spoon is, according to Alina Yakusheva, inability to obtain credit for non-residents in the Montenegrin bank. Also in Montenegro great opportunity to be trapped due to the fact that many real estate companies, opened a layperson. Therefore, when purchasing a property is worth paying special attention to the selection of the agency: it is better to give preference to long-running market and have a staff of qualified lawyers.