Montenegro
Why dont you try to find out more about Montenegrian coast.
Flats and land prices increased more than 100percent in last 12mths.
I have purchased a 500m2 lot of land (in august 2007) and price I paid was 20 000 euros. Now the same one costs 50 000 euros.
I have a local knowledge so I contacted the seller directly but the local agencies are taking appr.3 percent of agreed price.
Nobody can say exactly how long prices are going to increase but in my opinion the biggest boom is still to come.
Big difference in prices for flats houses and land are dependig of position (how far from the sea, seavew and lot of other things) but if you are luckie you can find what you want.
The best money making there, is to buy some land, build the big house or as many small appartements you can and sell it than.Some people made a milions like that.
EXAMPLE- price of land 500 m2--------------- 50 000 euros
taxes and building licence ---------- 20 000
800m2 cost of building(2 levels)----- 560 000
Total appr.------------------------- 630 000
This house or whatever you make is easily sold for 1 500 000 euros.
That makes your proffit of ...well calculate it your self.
Even if you decide just to buy a flat or house I am sure you will be amazed with wonderful nature and sea.
There are many Russians and British buying the property now, so go to some websites about Montenegrian coast and think about it.
Regards from Djani.
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