Prime Montenegro Property Beats the Credit-Crunch

Overseas property specialists Azure Overseas have launched a new development in Montenegro, the Blue Horizon apartments offer fantastic investment potential, according to research done for the firm. Liam Bailey, director of new PR and research company Write About Property; the man behind the research had this to say:

"Like all emerging markets, Montenegro property has fallen into the shadows since the credit-crunch became too big to brush-aside and most people ran for the hills rather than say a positive word about any property market. But now, when we look back it can be seen that Montenegro's prices climbed steadily during the early part of the credit-crunch and when it worsened, prices didn't begin to fall as they did in other countries, in-fact in some places they have actually risen a little. That prices have risen in Montenegro is proven by the launch price of Azure's new development, £125,000 for a 1 bedroom apartment, off-plan.

"Montenegro prices have continued to grow because prices rose in line with the rising cost of building materials, labour and the rising income of Montenegrin citizens. On top of that, prices have risen to this level before Montenegro has gained full accession to the EU, which is now thought to become a reality earlier than previously expected, this will sure up past growth and quite possibly accelerate future growth. In case there is any doubt, 1 bedroom apartments of this standard are around the same price throughout Montenegro. But there is still plenty of room for growth, 1 bedroom apartments in similar locations in France are over £600,000."

The Blue Horizon development will be a breathtaking glass-fronted complex, with an architectural mix of local stone, and tired swimming pools within landscaped gardens.

The Blue Horizon development is being built in one of the finest and most beautiful locations Montenegro has to offer; a peaceful green haven overlooking Przno village and beach out to the turquoise clean waters of the Adriatic. This part of Montenegro has been a favourite with jet-setters since the 50's, notably Sophia Loren, Liz Taylor and even Princess Diana and Prince Charles stopped here on their honeymoon.

Just behind the development is a breathtaking mountain range offering green hillsides as gorgeous back-drop all year round. This part of the coastline -- the most fashionable and upmarket area along the Budva Riviera -- is a popular holiday destination for British, Russian, Scandinavian, Irish and local tourists. Sveti Stefan and Montenegro's best beaches at Queens Beach and Sveti are just a short-walk from the development.