CONTACT |
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19. Decembra b.b., Gradski Stadion "Buducnost"
81000 Podgorica - Montenegro
Phone: +382 (0)20 665-835, +382 (0)68 888-888
info@sublimedevelopments.com |
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About Montenegro |
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For such a small country, Montenegro has so much to offer.
There is something here for everyone – You can ski in the morning and sun bathe by the most beautiful beaches in the region in the afternoon.
This gorgeous country has a coastline of just 175 miles, but they are miles of pristine shores, washed by the warm, clear waters of the Adriatic Sea and sweeping from the Venetian port of Kotor to the border with mysterious Albania. Between the two are 117 beaches, some in sheltered inlets, bays and coves, others, like famous Sveti Stefan, reaching out to rocky outcrops. Dramatically shaped and forested hills form a fabulous backdrop and lead to Montenegro's mountainous interior.
The annual average of 240 sunny days is a bonus too for city botanical gardens and for the colourful flora of four National Parks.
For those whose interests are more closely focused on history, atmosphere and architecture, Montenegro has more than its fair share of intriguing sights and cities. The imposing fortress and labyrinthine streets of Kotors old quarter are now a UNESCO World Heritage Site. Medieval Budva was built by the ruins of an ancient Greek settlement its history dating back 2,000 years. Museums and monasteries, ramparts and Romanesque cathedrals open a window on the past in several towns and cities while, in the mountains, tiny villages perch precariously on the peaks, as high as eagles eyries.
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| Montenegro Fact sheet |
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| Area |
13,812km2 |
| Population |
672,000 |
| Language |
Montenegrin, English widely
spoken |
| Currency |
Euro |
| Government |
Multi-party parliamentary republic |
| Main Cities |
Podgorica (capital), Kotor,
Budva |
| Visas |
Tourist visa not required but
Work visa is required |
| Electricity |
220V |
| Time Zone |
+1 GMT (+2 in summer) |
| Flying
time |
2.5 hours from Ire/UK Airports
Podgorica, Tivat,
Also accessible
from Dubrovnik, Croatia – 14
km from border |
| Sunshine |
Average 240 days per year |
| Climate |
Mediterranean |
| Beaches |
73km |
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Development, Infrastructure and Property |
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Montenegro severed its economy which led to independent membership in several international financial institutions, such as the European Bank for Reconstruction and Development. In January 2007, Montenegro joined the World Bank and IMF. Montenegro is pursuing its own membership in the World Trade Organization and signed a Stabilization and Association agreement with the European Union in October 2007. The European Council granted candidate country status to Montenegro at the December 2010 session. Montenegro has privatized its large aluminum complex - the dominant industry - as well as most of its financial sector, and has begun to attract foreign direct investment in the tourism sector. The global financial crisis has had a significant negative impact on the economy, but the past has gone and future seems bright. Montenegro looks upon European Union, the official currency is Euro and many laws are already adjusted to fit the EU legislations. The results are obvious: tourism economy is growing at incredible rates, foreign investments are higher each year and Montenegro real estate market is as alive as it could be.
The actual process of buying a Montenegro property is very easy. Two main conditions have to be fulfilled: legal entitlement to the property and the registration of the property with the official Property Registry. A contract has to be signed between property owner and buyer and the signed contract has to be verified by a court.
Key selling points have been the Montenegrin picturesque coast, pleasant year-round climate and still, un-spoilt and underdeveloped feel to the place. The Bay of Boka, which is considered to be the most attractive part of the Montenegrin coast and voted as one of the top 10 most beautiful bays in the world, lists celebrities amongst the new property owners which has helped the country’s marketing efforts and has put Montenegro on the list of ‘hotspots’ for residential real estate. |
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