New Apartments for Sale - Montenegro

ACACIA HILL APARTMENTS

An exclusive new development at the entrance to the Bay of Kotor, Montenegro - with stunning views of the Bay, the Lustica peninsula and Mount Lovcen.

Exciting investment opportunity

Despite being as beautiful (if not more so) than next door Croatia, property is considerably cheaper. This price gap is rapidly closing, and there is a unique opportunity in the next 12-24 months to buy in Montenegro before the prices rise to Croatian or even Spanish levels. Price growth has been strong in the last year and prices are likely to more than double in the next 2-4 years. Buying in Montenegro today would be a bit like buying in Spain or Tuscany 20 years ago.

The Montenegro government recognizes that the coastal region is the country’s greatest asset and is taking firm steps to protect it from Spanish-style over development. This will limit the supply of coastal property and will lead to continuing price appreciation for properties on the sea. Montenegro uses the Euro and since separating from Serbia in summer 2006 is firmly on the track to EU accession.

• A prestigious development finished to an exclusive standard with stunning views of the Lustica Pennisula, St.Marko Island and the Bay.

• Good rental expectations; parking spaces available

• Outstanding potential for capital appreciation in the very strong Montenegrin property market (prices have risen 20 - 40% in the year and are still substantially cheaper than neighbouring Croatia)

• 30km away from the International Airport in Dubrovnik (Croatia)