Investors from Bosnia and Herzegovina (BiH) are increasingly investing in real estate in Montenegro, recognizing the country as an attractive investment destination. Due to favorable conditions, proximity, and natural beauty, Montenegro is becoming increasingly popular among BiH investors seeking new opportunities in the real estate market.
The Montenegrin real estate market is currently experiencing a growth phase. This is evident from data released by the Montenegrin media in January, which stated that real estate purchases accounted for more than 53% of direct foreign investments. Foreigners purchased properties worth 380 million euros in the first nine months of last year alone, according to preliminary data from the Central Bank of Montenegro. In the first three months of this year, BiH investors invested 7.3 million euros in Montenegrin real estate.
In the same period, Serbian citizens and companies were the top investors in Montenegrin real estate, spending 14.6 million euros. Turkish investors were the second-largest group, with investments totaling 11.2 million euros, followed by Russians with 8.05 million euros.
Other significant investors include those from the United States (U.S.) (8.04 million euros), Germany (7.6 million euros), Switzerland (3.7 million euros), and the United Kingdom (UK) (3.6 million euros).
Interest from BiH citizens is not limited to regional properties; it extends to the domestic market as well. According to the Agency for Statistics of BiH, 1.555 new apartments were sold in the first half of last year, a 9% increase compared to the previous year. The price per square meter also rose by 6.5% during this period.
Along with gold, real estate is considered a safe investment because it provides tangible assets that generally do not lose value rapidly. Especially in times of economic instability, real estate is viewed as a secure refuge for capital, N1 writes.
E.Dz.
