Project: Contemporary Nine, Montenegro
Contemporary Nine, Montenegro
INVESTMENT SUMMARY
Key Universal is proud to announce one of the most exclusive investments in Kotor, Three Villas are situated in Orahovac, in proximate vicinity to UNESCO'S HERITAGE Old City of Kotor from one side and beautiful baroque city of Perast from the other side. Orahovac is a picturesque fisherman-seaman settlement in the Bay of Kotor with lovely old houses made of stone and way of life that still speaks of long gone times. Orahovac provides luxury of enjoying the sea and seaside without making compromises when it comes to privacy and harmony with nature. This exclusive project includes three Mediterranean style villas with one apartment on each plane. Each phase of designing and construction has been thoroughly thought through and everything up to smallest detail is oriented towards User's satisfaction. With beautiful Bay view, natural materials, lovely green areas surrounding them - these Villas are marvellous place for both living and vacationing.
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).
- Closest airport is 15 minutes drive with an option to an international airport in Tivat.
- 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 - Orahovac, 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
- Orahovac provides luxury of enjoying the sea and seaside without making compromises when it comes to privacy and harmony with nature.
- 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.
