Montenegro Property: Boost from EU Accession Maybe Needed

Montenegro is attempting to establish diplomatic relations with Kosovo, according to Podgorica-based daily Vijesti, who made the report based on a goverment document regarding Montenegro's continued efforts to stay on track for joining NATO. The report prepared at the beginning of 2009 said talks were ongoing on the opening of a new road and two border crossings.

Montenegro also plans to strengthen cooperation between its police and the new Kosovo Security Forces, said the Vijesti report, aimed at enhancing their efforts against drug trafficing, and fighting other crimes in the border area.

It is absolutely vital that Montenegro take steps like this, in order that it is accepted into the EU as soon as possible. Montenegro's property market is one of the strongest in the world; even during the credit crunch prices are holding. But as other markets where prices have fallen become more attractive to investors, EU accession will give Montenegro property the extra arm of attractiveness it needs to compete.

EU accession will aide the Montenegro property market in the following ways:

• By making holidays in the country more affordable
• Improving access to the country from other EU states
Boosting the economy from enhanced trade ties

The latter because it will ensure a growing number of Montenegrin's will be buying their own homes for when investors want to realise their gains.