Due to the current unstable economic situation - the collapse of the ruble, the consequences of coronovirus, the collapse of the OPEC + deal - you will have to quickly decide how to save your funds, and even so that they do not depreciate.
The economic situation, according to analysts' forecasts, will only worsen against the backdrop of falling oil prices. The best and most reliable tool for preserving your capital has always been real estate investment. However, now it would be wise to refrain from buying real estate in Russia: one of the largest developers, Capital group, stopped sales in its 2 projects to revise prices. Tekta Group is also raising prices in its Now residential complex. Ingrad, Standard and other developers do not lag behind them. The projected increase in prices for new buildings in the amount of 10-15% is due to the purchase of some building/finishing materials from abroad. In addition, the key mortgage rate will inevitably rise at the end of March.
Investing in overseas real estate remains a more reliable and stable instrument. We are not talking now about countries like Spain or Italy, where there is a very tense situation due to the coronavirus, and it is not yet clear when the spread of the disease will stop. At the moment, Montenegro is the only country in Europe where there is not a single registered case of COVID-19 infection; Montenegro is taking all possible measures (learning from the mistakes of other countries) to prevent the virus from entering the country - schools and kindergartens are closed for 2 weeks, events are prohibited, people are not recommended to go to shopping centers, etc.
In addition to the fact that the euro is a more stable currency, real estate in some regions of Montenegro will increase in price in the coming years - we can single out the Tivat Riviera from such regions, where, according to forecasts, price growth will be in the amount of 10-15%. Thus, by purchasing real estate in Montenegro now, the investor will receive profit not only from renting out, but also from the gradual rise in price of his apartment. Some developers promise up to 9% per annum from rent, but we do not advise you to flatter yourself too much on such income, because. the standard income from renting out an apartment is in the region of 5-6%.
Due to the current economic situation, Montenegrin developers are ready to provide special conditions to buyers - interest-free installments, minimum down payment, etc.
Another small but nice bonus is our agency does not take any commission from the buyer 😉 Therefore, if you have been thinking about investing your funds in overseas real estate, then now is the right time! Contact us, we will be happy to introduce you to Montenegro and select a suitable object for investment or recreation.
______________________
We are always in touch.
Viber/WhatsApp/Telegram +38269173018
Instagram: Ksenija Monteonline
YouTube: Property in Montenegro
Telegram: Monteonline
