Montenegro benefits from an excellent climate, beautiful scenery and reasonable property prices.  The diversity of the country is quite astounding; from mountain ranges, deep canyons, fast-flowing rivers, glacial lakes to dozens of Adriatic beaches.  The Boka Kotorska is the only fjord in Southern Europe and is characterised by mountains rising almost vertically from the water. Lake Skadar is the largest lake in the Balkans and is a haven for wildlife and birds.

When one should present Montenegro and answer the question where is Montenegro, inexorably one has to start from her shore. Spreading across the south Italy, on the east shores of the Adriatic Sea, 293, 5 km of the Montenegrin coast again offers you diversity and variety as well as the entire state. If we start from the south, the first thing that will await us will be the 13 km long beach in Ulcinj, which freely can be called a Copacabana of Europe. On the north part, on an also big beach Becici, both geography and history write that this beach was proclaimed the most beautiful European beach in far 1930.

Mediterranean architecture which is characteristic for the Old town is most beautiful in Budva, Kotor, and Herceg Novi, which put Montenegro on a map of the centers with valuable cultural and religious monuments.

How to get there?
In Montenegro there are 2 International airports: Podgorica and Tivat. Also there is International airport of Cilipi located in Dubrovnik (Republic of Croatia) in near vicinity of Montenegro (from Cilipi to border of Montenegro there are only 16 km).

Airport Podgorica located at 11 th from center of capital of Montenegro. Every day there are scheduled flights to Belgrade as well as to various European and world destinations. During summer season there are many charter flights and air connections to all major cities of the world.
Info phone : +381 81 243 007

Airport Tivat is ideal choice for all intending to visit Montenegrin littoral. Only 20km away from tourist metropolitan of Budva and less than 10 kilometers from Kotor. There are daily flights to Belgrade as well as to different European destinations.During summer season there are charter flights to major cities of Europe and world.
Info phone : +381 82 670 960
Web site : www.aptivat.com

Airport of Cilipi (Dubrovnik, Croatia) is 25 kilometers far from Herceg Novi and there are for tourists arriving through this airport, organized transfer by buses to all tourist destinations in Montenegro.
Info phone : +385 20 773 377
Web site : www.airport-dubrovnik.hr

Main direct air routes from Europan countries are:

From UK
London - Dubrovnik -British Airways and Croatia Airlines
Glasgow - Dubrovnik - Croatia Airlines
East Midland - Dubrovnik - Croatia Airlines
Manchester - Dubrovnik - Croatia Airlines
Dublin - Dubrovnik - Aer Lingus
London - Podgorica/Tivat - Jat Airways
London - Podgorica - Adria Airways
London - Beograd - Jat Airways and British Airways

From France
Paris - Dubrovnik - Croatia Airlines
Paris - Podgorica/Tivat - Montenegro Airlines
Paris - Podgorica - Adria Airways
Paris - Beograd - Jat Airways and Air France

From Israel
Tel Aviv - Beograd - Jat Airways

From Scaninavian contrries
Oslo - Dubronik - Air Adriatic
Stockholm - Podgorica/Tivat - SAS
Stockholm - Beograd - Jat Airways
Gotheborg - Beograd - Jat Airways
Copenaghen - Podgorica - Adria Airways

From Switzerland
Zurich - Dubrovnik - Air Adriatic
Zurich - Podgorica/Tivat - Montenegro Airlines
Zurich - Podgorica - Adria Airways

From Belgium
Brusselles - Podgorica - Adria Airways
Brusselles - Beograd - Jat Airways

From Holland
Amsterdam - Podgorica - Adria Airways
Amsterdam - Beograd - Jat Airways

From Hungary
Budapest - Dubrovnik - Malev
Budapest - Podgorica/Tivat - Montenegro Airlines

From Spain
Madrid - Dubrovnik - Croatia Airlines and Air Adriatic
Barcelona - Dubrovnik - Air Adriatic

From Italy
Rome - Dubrovnik - Croatia Airlines and Alitalia
Rome - Podgorica/Tivat - Montenegro Airlines
Rome - Beograd - Jat Airways
Milano - Beograd - Alitalia

From Germany
Frankfurt - Dubrovnik - Croatia Airlines
Frankfurt - Podgorica/Tivat - Montenegro Airlines
Frankfurt - Podgorica - Adria Airways
Frankfurt - Beograd - Jat Airways and Lufthansa
Munich - Podgorica - Adria Airways
Munich - Beograd - Jat Airways and Lufthansa
Dusseldorf - Beograd - Jat Airways
Berlin - Beograd - Jat Airways

From Austria
Vienna - Dubrovnik - Austrian Airlines and Croatia Airlines
Vienna - Podgorica/Tivat - Montenegro Airlines
Vienna - Podgorica - Adria Airways

From Russia
Mosca -Dubrovnik - Air Adriatic
Moscow - Podgorica/Tivat - Kras Air
Moscow - Belgrade -Jat Airways

From Czech Republic
Prague - Beograd - Jat Airways

Why to invest?
Montenegro is fast re-establishing itself as a tourist destination of choice, with one of the fastest growing tourist industries in the world. This has been largely triggered by the burgeoning housing market and considerable foreign interest in the country. Although statistics are hard to come by, it is thought that since 2004, when Montenegro first found its way back onto the international map, well over 1000 Britons and Irish have invested in property alongside many other nationalities including Scandinavians, Austrians, Italians, Germans, Hungarians and Russians. Property prices have risen dramatically with some of the most popular areas seeing as much as 30% growth in the last year (2005).

It is still possible to find real bargains along the Montenegrin coastline with views over the Adriatic, starting from Herceg Novi (just south of the Croatian border and Dubrovnik), around the Bay of Kotor including the UNESCO protected towns of Perast and Kotor, heading further south to Budva, Becici, Rafailovici, Sveti Stefan, Petrovac, Sutomore, Bar and Ulcinj; some of the last on Europe’s coast. With Eco-tourism gaining popularity and potential for both summer and winter resorts in the mountain regions such as Durmitor, Kolasin, Zabljak and the Tara Canyon, and the famous Skadar Lake in the south, this is an undeveloped area with great potential.

So small and compact as Montenegro is, it offers great prospective returns from real estate for the investor as well as a fantastic destination for those searching for a holiday home.

Property Purchase Process
There are no restrictions upon foreigners buying property in Montenegro, be it an apartment, house or a ruin on some land. Foreigners cannot however purchase bare land, but in this instance you will have to register a company in Montenegro and then apply to the Ministry of Finance to approve your purchase.  The procedure of establishing a company and purchasing land can be obtained from local solicitors; we can provide you with contact details of English speaking solicitors. If a building exists on the land then there is no restriction on the size of the land that may be purchased by a foreign buyer.

To complete the purchase of a property and confirm ownership, it is necessary to fulfill two conditions; "justus titulus" legal entitlement to the property, and "modus aquirendi" the registration of the property with the Land Property Registry.

In order to do this a written contract is required which is signed by both the buyer and seller, or authorised representatives to act as signatories (on provision of certified authorisation).  Signatures of both parties or their representatives must be certified by a court in Serbia or Montenegro.

Once the contract is finalised and certified in court then a legal basis of ownership has been established. After the agreed amount of money has exchanged hands the purchase is complete.

Following this the acquired property is valued by a representative from the Inland Revenue Office to determine the value of the property and how much Purchase Tax will be paid. Purchase Tax is set at a rate of 2% of the valuation given by the Inland Revenue Office.

After the payment of Purchase Tax has been made and has been confirmed on the contract with a stamp, the contract needs to be given in evidence to the local Land Property Registry in order to register the property.