Real Estate Hotspot The Adriatic Coast and Montenegro

Adriatic Sea Dream

First Published Date: July 1, 2015

Who does not remember that it was only a couple of years ago when the Adriatic regions of what used to be called Yugoslavia was known for all the wrong reasons. All that we got from the media was generally about bloodshed and what came to be known as ethic cleansing. In a little while the former communist republic began disintegrating and small tribal units were seceding and becoming republics on their own, whether they had international support or not.

Talking about the region today and mentioning places like Montenegro you will elicit a completely new set of feelings, especially from people who are very keen on real estate. Every international investor you know about is jostling for a share of the former hotspot of the bloodbaths of modern Europe because people just discovered the golden coasts that been forgotten for years on end. After the years of war and destruction, reconstruction has begun in earnest and the focal point seems to be the Adriatic coast. There are all manner of developments already taking place and foreign investors are falling over themselves to build up the coastal are and right now it is littered with industrial investments and holiday resorts of the highest standards you can ever imagine.

What seems to have awakened the great interest may be the fact the several celebrities have toured the Adriatic sea coasts of the former Yugoslavia not just as tourists, but they have ended up buying a piece of the cake and you will be in for a surprise if you found who has property in this lovely coast. From film stars to rally champions and all the rest you can mention, the destination is the Adriatic Sea coast and Montenegro is real hot spot currently. You know what follows when famous people invade a place, the prices of property begin sky rocketing and this is what is happening in Montenegro right now. The ordinary Joe will be hard pressed to manage anything at this time. What with prices rising by up to 40% in just one year.

One of the hottest spots in Montenegro where the high and mighty are settling is known as Kotorska Bay, which is a scenic are that has mountains overlooking three sizeable bays and because of space and height limitations, the developments here are not allowed to go more than three storey high. The one thing that has also catapulted the developmental status of this enclave is the recognition by UNESCO to make it a world heritage site. The sandy beaches are always full of people and the cost of property is just not what you would expect of an area with history like this one.

And for those who would love to acquire built up properties, there is no shortage of apartments that have been put up overlooking the sea, where you stay as you enjoy the cool breeze of the evening. All that was lacking due to the bad history that the area went through just a few years ago, moneyed investors and developers are bridging the gap with so much zeal. The good news is that real estate lovers are not letting them down, seizing every available piece of lane or built up apartments.