 Currently the number of tourists visiting Montenegro is increasing at a rate of 17% per year and it is one of the top 10 holiday destinations in the world. By 2014 Montenegro is expected to become the fastest growing tourist destination in the world. Since 2000 the economy has been growing steadily at 3.1% and inflation has remained below 4.5%.
The land laws of Montenegro give foreign investors equal status with Montenegrin investors, with full deeds and title to land and real estate.
The Montenegrin government plans to turn Montenegro into a first class destination for discerning tourists rather than a budget holiday hotspot for those seeking a cheap getaway.
Montenegro is beautiful and rich in culture, history and natural wonders and property is still relatively affordable.
In 2001 the government created a 'Tourist Masterplan' which maps out the long-term national strategy up to 2020. In bays up and down the coast, new marinas and resorts are planned that will incorporate million dollar luxury golf courses and hotel complexes.
Over 80 tour operators from more than 15 countries, including 6 in the UK organize holidays to Montenegro.
Government backed tourism - the Government of Montenegro has introduced legislation to support and encourage investment, which includes a Free Trade Zone status for suitable foreign investments, repatriation of earnings and residency rights.
The Montenegro government made capital investments into construction and manufacturing of an estimated €42.8 million in 2004. By 2014 this amount is set to reach €121.2 million.
Funds are being invested by the EU - the ERBD Bank invested €11 million in 2003 into airports.
In 2004, the World Travel and Tourism Council, a trade group of business leaders, highlighted Montenegro as the 'fastest growing travel and tourism economy in the world'.
Montenegro is actively pursuing membership of the World Trade Organisation and it is working with the European Commission to get a Stabilization and Association agreement in place as a step on the way to accession to full EU membership.
Property is already in demand especially from the Russians, the British and the Irish following on from independence from Serbia in June 2006 and a stable economic and political climate.
The property buying process has improved and is relatively straightforward when buying off-plan.
Careful planning has helped Montenegro to limit the number of developments and avoid building the type of concrete jungle that has appeared in other countries.
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