In December 2022, in the review “International Living”, the journalist Ronan McMahon describes the bay of Kotor as follows “Steep mountains rise majestically from the great fjord-like bay’s sparkling blue waters, all fringed with tiny clusters of medieval towns and church towers built from honey-colored stone. A place with all the right pull factors, but Montenegro has remained undeveloped for so long.”
His thesis is that “the next 5 to 10 years will see Montenegro’s real estate values converge with Croatia’s as it establishes itself as a go-to destination. This, in turn, creates a very promising opportunity for real estate investors who get in now.” He believes “the rising number of tourists and the extreme shortage of mid-to upper-level rental options make this play a no-brainer. And I figure you could see your money triple in five to 10 years.”
Read the full article on International Living.