Montenegro: Europe's Emerging Holiday Hotspot

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The small nation of Montenegro, one of Europe's newest countries, is attracting the attention of both holidaymakers and serious high rollers. Developers are building golf resorts, marinas and residential and hotel resorts aimed at a sophisticated international audience who are attracted to the natural beauty and easy accessibility of this Balkan country.

Budva Old Town (Montenegro Resort)

Montenegro, dubbed the Pearl of the Mediterranean, lies south of Croatia and north of Albania. It is small in size - just 5,333 square miles with a population of 650,000 - but big on beauty with mountains, canyons and stone Venetian architecture. Inland there are five National Parks, ski resorts and the Balkans largest lake and deepest canyon but it is the slim and rocky 183-mile Adriatic coastline and in particular the waters of UNESCO Heritage Site Kotor Bay, that is attracting most international attention. Back in the 1960s the region was something of a celebrity hangout, popular with stars including Sophia Loren and Elizabeth Taylor but the Balkan Conflict of the 1990s put paid to that. After years of destruction modern Montenegro was created in 2006 from part of the former Yugoslavia and Serbia and today the country, which uses the Euro as its currency, has applied to join NATO and the EU. Now tourism is back with a bang too. Visitors from across Europe and Russia have helped to make tourism the fastest growing economic sector in the country with revenues increasing by 17 per cent each year. The latest data from the World Travel and Tourism Council placed Montenegro at the top of a list of 184 countries for predicted tourism growth over the coming decade. - See more at: http://www.worldpropertyjournal.com/real-estate-news/montenegro/montenegro-real-estate-market-homes-for-sale-in-montenegro-montenegro-resorts-sophia-loren-elizabeth-taylor-porto-montenegro-lustica-bay-kotor-bay-8577.php#sthash.8PC9FYSm.dpuf


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