A property with stunning bay views for just €100,000: this country tops the list of budget destinations.

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 real estate around the world, according to Ronan McMahon, an international real estate expert. "There is an increasing shortage of quality real estate in highly desirable locations, but at the same time demand is increasing," McMahon told Forbes. "We can still buy at a big discount compared to comparable locations and real estate in the U.S., but that window will close soon," he added. At the top of his list of lucrative destinations for buying real estate is Montenegro, reports Investitor.

"In the early 2000s, real estate buyers rushed to Croatia, taking advantage of the''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 thriving 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. "Today you would have to pay several times that.

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However, in Montenegro, houses overlooking the most beautiful bay can still be bought for 100,000 euros," says McMahon. McMahon currently considers Montenegro''an ideal country for real estate investment. "The cost of land for development around Boke Kotorska is still extremely low by international standards. The price of only 80-100 euros per square meter of land with a beautiful view just 15 minutes drive from Kotor is incredible. Buy and wait as the area develops and prices start to rise," he says. McMahon offers first-hand advice: it is said 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 property," says McMahon. "I believe you have the opportunity to triple your money, or more, in five to 10 years," he emphasizes. On Rohan's list''favorable destinations for buying real estate, after Montenegro, the Silver Coast in Portugal, the South Zone of Costa Rica, Costa del Sol in Spain and Los Cabos in Mexico.