Project: Kotour, Montenegro
Kotour, Montenegro
INVESTMENT SUMMARY
Key Universal is proud to announce one of the most exclusive investments in Kotor, Montenegro, where we have power purchased this development using our finance capability and network of resources. This project has now been asset syndicated where our aim to pass the significant discount on prices achieved onto our clients.
This is a unique opportunity to purchase a limited number of luxury apartments benefiting from both sea and mountain views. After our evaluation we believe that this is a once in a lifetime opportunity to buy in the best location in one of the emerging prestigious destinations in Europe.
MONTENEGRO FACTS
- Capital - Podgorica
- Area – 13, 812 sq.km
- Population – 684, 736
- GDP (PPP) – $3.443 Billion (estimate 2005-2006)
- GDP – Nominal – $2.27 Billion (estimate 2006)
- GDP per Capita - $3, 800 Billion (estimate 2006)
- Major Airports - Podgorica (10 mins drive), Tivot & the next
- Closest airport is in Croatia in a place called Dubrovnik approximately 1 hour drive away.
- Flight Time – Approximately 3 hrs
- Time Zone - GMT + 1 (GMT + 2 from last Sunday in March to last
Sunday in October)
LOCATION
- Location of development - Dobrota, Kotor. Three minutes drive from Old town Montenegro.
- High quality and high spec apartments built purposefully to exploit views over Kotor Bay and the surrounding mountains.
- Kotor considered as one of the best tourist destinations in Montenegro
- Considered as the best located development in Kotor Bay – by location and quality
- Protected views by planning laws, beautiful, unspoilt scenery and landscapes. There cannot be any structure built now or future to impede the views from these apartments.
- Rumoured to become the next Monte Carlo
- In close proximity to surrounding airports
PROJECT
- Project applicable for both investment and holiday home purchasers
- Limited development land available - protected by law which is increasing prices
- No capital gains tax
- Montenegro to be a member of the EU by 2014
- Bank Mortgage arranged (Adriatic Bank)
- 30% deposit remainder on completion September 2008
- Tenure: Freehold
- Only 12 apartments available
- Rental figures predicted at 15% per annum
- We can now offer up to 100% financing for this project.
- Prices start from 180,000 euros
- Various units available from 2 bedrooms to penthouses.
Floor plans, prices and finance structure available on request.
ECONOMIC FORECAST
- Demand outstripping supply
- Limited development land available, protected by law
- Prices increasing at 30% per annum
- Tourism at 3 million tourist per annum and continually increasing
- Montenegro Airlines to launch flights from direct London Heathrow to Montenegro from 4th May 2008.
- Peter Munk, chief of the world’s biggest gold mining firm reveals hopes to turn Montenegro into the second Monte Carlo.
- The resources from FDI plans, is to be potentially used to acquire an old navy dockyard belonging to the Montenegrin government. The ultimate objective being to develop the site into a huge marina attracting the super rich with large amounts of disposable incomes.
- FDI and cash injection has boosted the Montenegro economy to a platform of security and stability with a stage for exponential growth.
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