Foreigners in Montenegro spent 370 million euros on real estate last year.

Crna Gora continues to attract foreign investors with its developing tourism opportunities and the large number of exclusive tourism real estate projects. Their interest lies in the fact that they expect the value of these properties to only rise, not fall.

According to the country's Central Bank, foreign citizens and companies bought real estate in Montenegro worth 370 million euros last year between January and October, which is a significant increase compared to previous years. According to local media, foreigners have bought real estate in Montenegro worth 1.2 billion euros over the past five years.

The largest number of real estate in the past''year was purchased by German citizens and companies from this country in the amount of 57 million euros, followed by Russian investors who invested 50 million in real estate. In third place are citizens and companies from Serbia with an amount of 42 million, and in fourth place are buyers from the United States with 32 million euros.

Crna Gora was attractive to foreigners as a developing country with great tourist potential and due to the number of exclusive tourist real estate projects. They expected that the prices of these properties would not fall, but only rise with''development projects, as reported by Fena. In addition, the increase in property sales to foreigners last year, according to Vijesti, was influenced by the implementation of the economic citizenship program, where by purchasing property, in tourist centers in the south for 450,000 euros and in the north, as well as in less developed communities for 250,000 euros, one could obtain citizenship.