Eastern Europe Property

Montenegro, poised on the brink of EU accession acceptance, is undoubtedly the most exciting country in Europe for property investors today.

The wealth of potential in the market stems from the fact that real estate in Montenegro is massively undervalued, it is growing in demand from those seeking an affordable holiday home in the sun, Montenegro is growing in popularity as a holiday destination, the country is aligned for EU acceptance and the local economic reforms entered into by the government of Montenegro are resulting in strong and sustainable levels of foreign direct investment.

The climate in the property market in Montenegro right now is therefore incredibly ripe and it is attracting real estate investors from around the world.

Immediate gains can be realised from the rental of suitable coastal properties to the fledgling but burgeoning tourism market, with longer term rental income likely from well appointed and located apartments in the main towns in this tiny gem of a European country.

Medium to long term the property market in Montenegro is likely to reward a patient investor with substantial capital growth because as the local economy is boosted by inward foreign direct investment, so the numbers of companies relocating to Montenegro increases and so the demand for properties to purchase goes up. Furthermore as the local economy is strengthened and the local people become wealthier in real terms, they will present an investor with a second tier to the market to target over the medium to longer term.

Montenegro was once a country frequented by the European glitterati, the famous, the beautiful, the royals and the rich, but many years of strife resulted in the oppression and depression of a nation and its people. Thankfully gone are the days when Montenegro suffered at the hands of the war hungry and Montenegro and its neighbouring countries have settled down so much that they are all either fully fledged members of the European Union or poised on the brink of entry. The years during which the country suffered are over and the unrivalled wealth of stunning architectural and geographical beauty that Montenegro is home to is once again drawing the crowds from across Europe.

Montenegro is truly a beautiful gem of a nation and one that is beginning to shine and sparkle once again making it the perfect place for property investors seeking substantial potential for profits and gains.

Rhiannon Williamson writes about real estate investment in emerging markets worldwide. To read more about property investment in Montenegro click here.

Article Source: http://EzineArticles.com/?expert=Rhiannon_Williamson

The EU opened formal talks on 7 November with Serbia and Montenegro on a Stabilisation and Association Agreement.

The opening of talks on the Stabilisation and Association Agreement (SAA) is considered a stepping stone towards membership of the Union.

The process was launched in October 2005, and during the first round of the negotiations in Belgrade the discussion points include the general principles of the agreement as well as political dialogue, regional co-operation and financial co-operation. The next – plenary – meeting is scheduled for 8 November, where the main topic will be Serbia and Montenegro’s co-operation with the international war crimes tribunal in the Hague and the rights of minorities.

A key condition to the success of the SAA process is the extradition by Belgrade of top war crimes suspects Ratko Mladic and Radovan Karadzic.

Further official rounds are scheduled for April and November 2006. There will also be five technical rounds, in December 2005 and in March, June, July and September 2006. The SAA negotiations are expected to last a year, and Belgrade hopes to qualify for EU membership by 2012.