Unique investment opportunity in the historic city Budva, Montenegro



The area around Budva
The whole area along the cost overwhelms of a romance and you can’t get enough enjoying the beautiful nature that rejoice the eyes and lift up the soul. If you have never been in Montenegro before, you will get an experience you have ever even dreamt of - and it is two and a half hour from Denmark. We have focused on Budva which is probably the most beautiful and spectacular town in Montenegro.

The beach
In Budva you will also find the finest beach with white sand. The water is crystal clear and its temperature is perfect. The clear water nearly invites you on the journey with a diving mask and snorkel. If you need refreshments there are nice cafés just beside the beach.

The possibilities for funny and exciting activities are countless along the coast, like diving tours, waterskiing, fishing or surfing. You can also rent an impressive boat in the harbour and sail to the various cost- and fishing towns.

The town of Budva
Budva, the holiday paradise of Montenegro, consists of two parts, the old stronghold with the oldest parts of the town behind its protecting walls. This part of the town is also the oldest of the towns along Montenegro’s 73 km long coastline. The 2500 years old and charming town behind the walls is inviting you to a romantic dinner or shopping in the narrow streets. Outside the walls you can find a modern town with shops, restaurants and a fantastic spirit. Budva has a rich nature with enormous palms, a rich wildlife and vigorous vegetation. It is more unlikely not to see and experience the turtles and the dolphins play about in the water than the other way around.

Go out                                                                                                               
In Budva there is an exciting night life, especially in the high season with bars and discos. The restaurants are placed side by side along the promenade and you can listen to live music all night long. You can also take a tour to Sveti Stefan, a former fishing village from the 14 century. Here you will find night clubs, piano bars and discos.

Take a taxi or a bus from the biggest airport in the region which is in Dubrovnik and take directly to Budva. Enjoy the trip - you will never feel that an hour has gone, before you arrive in Budva. There is also an airport in Tivat, situated approx. 20 minutes drive from Budva.




The property market and the perspectives
The property market in Montenegro is experiencing strong growth because of the rising demand from foreign buyers among other things. Especially Russians buy up properties and land areas in this beautiful country with only 621.000 inhabitants.

After some years with economical stagnation the development in Montenegro has gathered pace. The signs of achievement of a sustainable macroeconomic stability are growing as are the beginning of a gradually privatization process in both the limited productive sector as well as the more important service sector; including the tourism sector, communication sector and recently the bank sector.

Like in the bordering countries this development has drawn foreign investments to the country; especially Russians invest in Montenegro both in productive factories (including the biggest aluminium factories) and the significant tourist sector alongside the coast of the Adriatic Sea.

Compared to the bordering countries the informal economy in Montenegro is very extensive, especially in relation to purchase of tobacco without revenue labels with is still very common in the cities of Montenegro.

At the referendum on the 21st of May 2006 the Montenegrins voted in favour of the breakaway from the state union between Serbia and Montenegro. The 12th of June 2006 the EU accepted the result of the referendum and recognized Montenegro as an independent country.

The picturesque Montenegro
Montenegro borders to Croatia and the Adriatic Sea. The country consists mainly of mountains and has only one bigger plain north of the Sava River, which is a feeder to the Danube. It is on this plain most of the agriculture is concentrated. This region has also continental climate while the coast areas have Mediterranean climate. By the town Budva the sandy beach stretches 3 km along the coast after the marina and the harbour.

The interesting old part of Budva lies by the harbour. From Budva you have a good view to the beautiful island San Nikola. In the background lies the black mountains that have given the country its name. At a distance the mountains seem to be black but if you take a closer look you notice it is the dark green vegetation of softwoods that gives the mountains their characteristic colour. For more than 2500 years a town with its harbour has been standing here. The first people who came here was the Phoenicians, later on the Venetians came and today tourists from all over the world travel here.

- Magnificent rock formations

- Outstanding hunting and fishing possibilities

- Attractive golf courses

- Beautiful port cities with rural idyll

- Good and cheap wines from wine districts all over the country

- Healing mineral springs (600 all over the country)

- Life enjoying culture with a bunches of cafes, bars and discos

- Restaurants with fresh meals

- Healthy and gentle climate, daily temperatures: Jun 25˚C, Jul 29˚C and Aug 28 ˚C

- Unique possibilities for sailing and race

-A kind nation

- Well educated physicians and dentists

- Very well functioning state system

A considerable quantity of minerals is found in the mountains in the form of bauxite, coal, copper, lead and zinc. These minerals and the tourism alongside the coast of Montenegro are important sources to foreign currencies for the country.

The old part of Budva named Stari Bar (Old Bar) is mentioned in a letter from the 9th century. By the city approach you will find an olive tree which is between 2000 and 2500 years old. This is the oldest known olive tree in the world and it still bears fruit.

Montenegro is situated right opposite of the heel of Italy. The country has a total area of 13.812 sq. km. and is one of the small countries on the Balkan Peninsula being about the same size as Zealand. The nature is breathtaking and the atmosphere exceptionally cosy, the weather is nearly always perfect and the food is good and cheap.

Bigger cities in Montenegro

Podgorica (capital of Montenegro)
The capital has approx. 130.000 inhabitants. Until 1991 it has named Titograd. The name Montenegro is an old Italian translation and means the Black Mountain.

The old gothic city Anagastum was built in the 4th century as a Roman military fortress at the place where the most important roads at that time crossed each other. The city has approx. 58.000 inhabitants. Through the centuries the placed has been ruined and rebuilt, changed its appearance and its ruler. It was an active military fortress until the Turkish people arrived.

Bijelo Polje
The city has a population of 16.000 people.

Herceg Novi
This city has also around 16.000 inhabitants. The city lies in Montenegro near the bottom of the Orjen Mountain (1895 m) and the entrance to one of the most beautiful bays in the whole world: The Buka Kotorska Bay. The city was established in 1382 by the Bosnian king Tvrdko the first Kotromanić who named the city Sveti Stefan (St. Stefan). It is one of oldest cities by the Adriatic Sea and has had several names: Novi, Castrum Novum, Castel Nuovo etc.

The Adriatic Sea
The Adriatic Sea is that part of the Mediterranean which lies between the Italian peninsula and the Balkan Peninsula.

Many languages are spoken in Montenegro: Serbian (the official language), Montenegrin and Hungarian. Knowledge of a foreign language isn’t widely spread yet many older people can speak Russian and German. The brightest ones of the young generation are able to speak English and Italian is beginning to spread out.

Currency unit
Montenegro has enforced the Euro as its official currency.

Montenegrin food
The most coveted dish on the menu card is mjesano meso, which you can translate into meat-mountain because that’s what it is. The giant dish is crammed to bursting point with grilled pork chops, meatballs of veal with cheese, grilled burgers, tiny pieces of meat on a spit and cevapcici (minced beef kneaded with onion and crumps of bread). Along with the dish comes French fries and salad made of onion, tomato, cucumber and cabbage. The dish is completed with a beer called Niksicko or just “nik” and costs around 1 Euro a bottle. One litre white “Banatski Rizling” made of grapes from Yrsacki in Serbian costs 6 Euro (approx. 45 DKK). A dinner with two courses costs in the most places around 10 Euros (76 DKK). Try also the local yoghurt that is almost a liquid substance and is being kept in the large mug. It tastes delicious and keeps the stomach in balance.

Montenegro is a secular state which means the country doesn’t have a religious point of view. The main part of the majority of the population in Montenegro; the Montenegrins and Serbians are orthodox Christians while the Bosnian and the Albanian minority of the population are Muslims. The population consists of 80 % Montenegrins/Serbians (out of this population 57 % declared they were Montenegrins and 43 % declared that they were Serbians at the latest census in 2003), 12 % Bosnians, 7 % Serbians and 1 % Croatians.