Foreigners in Montenegro purchased real estate worth 370 million euros, with Serbs ranking third on the list.

In the last 10 months of last year, foreign citizens and companies purchased real estate in Montenegro with a total value of 370 million euros, which is a significant increase compared to previous years, reports Vesti. According to the data of the Central Bank of Montenegro, in the last five years, real estate worth 1.2 billion euros was bought.

The largest number of real estate properties last year were purchased by German citizens and companies - in the amount of 57 million euros, followed by Russian investors who invested 50 million in real estate.

Montenegro is of interest to foreigners as a developing country with great tourist potential and because of the large number of exclusive tourist and residential projects, as they expect the prices of these properties to only increase with the development of the projects.

Also on the growth of real estate sales to foreigners last year strongly influenced the program of economic citizenship, which allows you to buy real estate - apartments in tourist centers in the south for 450 thousand euros and in the north and in undeveloped areas for 250 thousand and get citizenship of Montenegro.

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