On March 17 and 18, CMM Investment Consulting group showed guests a wide selection of real estate in Montenegro and Turkey

Montenegro’s Prime Minister Dritan Abazovic recently announced that in 2022 Montenegro achieved tourism revenues of €997m, just €50m short of the total figure for 2019, which is an amazing achievement for a country which is home to just 619,000 people.

Over the last few years Montenegro’s government and representatives have been pushing hard for further foreign investment, and having received a significant amount of interest already from the likes of Germany, the USA & the UK it’s no surprise that investors from some of the UAE’s top global groups are now following suit.

Tourism is a huge benefactor for Montenegro’s economy responsible for around 25% of their entire GDP, so it will come as a major boost that tourism figures were nearly double in November this year (91,263 visitors) compared to November 2021 (45,665).

Montenegro is one of the most accessible countries in Europe! No wonder so many come and stay here for the rest of their lives!

Are you dreaming of a villa with panoramic sea views or a house towering over an ancient city? Do you imagine how you breathe in the sea air when you close your eyes and smile at the mere thought of the bright sun all year round? Do you want to live in a country of unearthly beauties, kind people and warmth? It's all about life in magnificent Montenegro!

International corporation CMM Investment Consulting Group is awarded by the experts at Luxury Lifestyle Awards in the category of Best Luxury Real Estate Investment Consultancy in Montenegro for 2022 

Much like Spain, Croatia, Portugal & other countries throughout Europe, there is talk of Montenegro introducing a Digital Nomad Visa imminently in order to attract top digital talent to the country on a more permanent basis. If approved by the government, the scheme could be a game changer for those wishing to live & work in Montenegro, without having to apply via the current visa rules & regulations.

For our clients there are special offers and privileges in SPA, restaurants and discounts on car rental! Bad weather does not interfere with your holiday. Write us to organize your time at a nice price!

Back in June of this year one of the UK’s largest Budget Airlines (Ryanair) released their Winter schedule, which included a brand new route between their base in Manchester and Montenegro. Already proving to be highly popular, the first few flights travelled the new route in early November, and it’s the first time that Manchester and Podgorica have been linked with a non-stop service.

New data recently released by Tranio (International Property Portal & Brokers) shows that Montenegro is still one of the most favoured places in Europe for investors looking to qualify & take advantage of the Golden Visa programme.

As Montenegro (who are already a well established member of Nato) push towards full EU membership, it’s good to know that they have a near neighbour’s full support in the likes of Poland, who’s president Andrzej Duda recently held talks with Montenegro’s President Milo Djukanovic regarding the Three Seas Initiative.

After initially signalling it’s intent to join the European Patent Association back in 2007, the long road has now come to an end, and Montenegro has finally become the 39th State to join the elite organisation. Starting in 1977 with just seven founding states, the European Patent Association has grown over the years, to include all 27 EU member states plus the likes of Albania, Iceland, Monaco, Norway, Turkiye and now Montenegro.

Be ready to go to Montenegro to explore the opportunities of investments and real estate purchase!

Montenegro, over the past few years has risen significantly and (as we keep reporting) is now regularly featured as one of the top ten places to visit, especially Kotor which dates back thousands of years and is a UNESCO World Heritage site, which attracts millions of tourists per year, many of which arrive by Sea.

The National Air Carrier of Montenegro, Air Montenegro, continues their strong growth this year and since the beginning of 2022 they have transported over 230,000 passengers which represents a significant increase of 150% compared to the same period of 2021.

A bright future is just around the corner! Chain hotels are gradually gaining a place under the Montenegrin sun. The luxury tourism map is expanding at an incredible rate: more and more tourists, buyers and investors come here to enjoy gorgeous views, delicious cuisine and high-level service.

Montenegro, a country which relies heavily on Tourism (around 25% of it’s total GDP is attributed directly to Tourism and Tourism based activity) received a boost this week, as it was confirmed that not only are tourist numbers back to pre-pandemic levels, but also that UK tourists are set to spend the most out of any Nationality as they look for more luxurious alternatives, without the long-haul flights and the high price tags.

It might have taken several years to build and surpassed the original deadline of May 209, but finally on the 13th July 2022 the Priority Section of Montenegro’s first Highway was opened, stretching around 41.5km from Smokovac near Podgorica to Matesevo near Kolasin. This section of the highway, partially built by a Chinese construction firm, stretches across Mountains whilst passing through 16 tunnels and 20 bridges. The full highway, once completed should be around 100 miles and will actually connect the resort of Bar in Montenegro to Boljare in Serbia.

The Summer ‘Theatre City’ Festival is being welcomed back to Budva for the 36th time in its history, and lasting from the 7th July to the 31st August it transforms this beautiful and culturally important city into a ‘live stage’ with every one of its squares, plazas and piazzas playing host to a series of plays, musicals, live concerts and poem readings.

Montenegro is one of the world’s fastest growing tourist destinations of the modern era and as its economy continually demonstrates positive growth (bar the covid pandemic) it’s no surprise that there’s an influx of property investment throughout the major resorts, resulting in an average price increase of around 7%, with new builds rising by between 10% and 13%.

You always know that things are moving well, when one of the world’s largest & most respected airlines in the world announces new routes to your country, and that’s just what happened recently for Montenegro as Turkish Airlines connected Istanbul with both Podgorica & Tivat.

Having started back in 2006, with the launch of our Management division, CMM Group has now become a fully established Property Company, servicing clients right across the globe and fulfilling their Real Estate wishes in both Montenegro & Spain.