A house by the sea for 100.000 euros: Montenegro in the list of profitable places to buy real estate.

If you've ever dreamed of buying an affordable home abroad and moving there to live the life of an expatriate, 2023 is a great time to buy cheap property around the world, says international real estate expert Ronan McMahon. He says there is an increasing shortage of quality real estate in highly desirable locations, but demand is growing at the same time. "We can still buy at a big discount compared to similar destinations and properties in the US, but that window will close soon," he added.

At the top of his list of the most profitable destinations for buying real estate is Montenegro, reports "Investor".

"In the early 2000s, real estate buyers rushed to Croatia, taking advantage of opportunities in historic Dubrovnik and Split. Today, the opportunities in Croatia have passed. Real estate prices have moved closer to other Mediterranean destinations. However, things are different on the southern Dalmatian coast. Montenegro is as beautiful as Croatia, but because it has not yet joined the European Union, it is not prospering like Croatia, and real estate prices are still relatively low," he said.

In Croatia in the late 1990s and early 2000s, you could buy an apartment with a sea view for 100,000 euros.

McMahon currently sees Montenegro as an ideal country for real estate investment. "The cost of land for development around Boka Kotorska is still extremely low by international standards. The figures for as little as 80-100 euros per square meter of land with beautiful views, 15 minutes from Kotor, are amazing. Buy apartments in Montenegro and wait until the destination develops and prices start to rise," McMahon advises.

Ronan mentions: it is heard that Montenegro will join the European Union by 2025 - which presents an interesting investment opportunity. "If Montenegro joins the EU, you could see a significant increase in the value of your real estate," says McMahon. "I believe you have the opportunity to triple your money or even more in five to 10 years," he emphasizes.

On Rohan's list of the most profitable destinations for buying real estate, after Montenegro, are the Silver Coast in Portugal, the Southern Zone of Costa Rica, Costa del Sol in Spain and Los Cabos in Mexico.