- Montenegro gaining popularity as a tourist destination
- Investment in tourist accommodation looks increasingly attractive
- Benign investment climate for foreign capital
With temperatures in the Adriatic hovering at 72-86°F (22-30°C) in the summer, it’s no wonder that the beaches of Montenegro are teeming with tourists. In 2017, close to one million of them perambulated along the country’s 72 kilometers (45 miles) of beachfront, an influx of foreigners that, though welcomed, must have caused some trepidation, since the local population is just around 625,000. As the friendly hordes hunt for accommodation, investment in camping facilities, guesthouses, holiday villages, hotels, mountain huts and villas is scrambling to keep up. Rising demand for beds (the preferred measure of Montenegro’s statistical office) promises attractive returns to tourist investments, like those under consideration by American-Swiss Capital, Inc. The company has identified a number of distressed properties in Montenegro, which it plans to develop in the near future.
The Goldilocks ambiance of the Adriatic may be responsible for Montenegro’s benign investment environment. The Montenegrin Investment Promotion Agency (MIPA), set up in 2005 to promote foreign investment and…
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