Location
Djenovici
Luxury villas ”Magnolia”, developed by real estate company MSG, are located in a small village Djenovici situated at the very entrance to one of the most beautiful fjords of the Mediterranean – the Kotor Bay, Herceg Novi Riviera. The property is perfectly situated between a fascinating open sea view on one side and glorious mountains with endless fields of olive trees, oranges and flowers on the other.
Djenovici Village, a typical fishing community, lies on the Adriatic coastline, 6 km from the historic centre of Herceg Novi. It is known for its sunny weather (over 200 sunny days per year) and warm temperatures (an average annual temperature is 16, 2oC).
Winters are short and mild in this region, and spring starts already in early February with the celebration of the Mimosas Holiday. This holiday has been traditionally celebrated for 400 hundred years and each time marked by carnival parade, feasts of wine and fish and joyful festival mood with lots of dance and music along the long Riviera.
Numerous sand beaches, cosy bays and taverns offering great local cuisine turn Djenovici, known for the rare in today’s busy world calmness, into a perfect destination for travellers seeking recreational holidays in the picturesque landscape.
About Montenegro
…If you make it to Montenegro, you may never want to leave…
Nestled in South East Europe with over 290km of Adriatic coastline, 117 sandy beaches, 240 days of sunshine per year, the second deepest canyon in the world and the only fjord in the Mediterranean, this inspiring country with a population of 670,000 has a geographic diversity and cultural heritage to envy.
Montenegro is known for its unique mixture of natural beauty and cultural wealth, where the legendary warmth and hospitality of the Montenegrins ensures that visitors are always made welcome.
Tourism in Montenegro
* In 2001 there has been accepted the Master Plan aimed at the development of the travel and tourism industry in the region which is projected to be fulfilled by 2020.
* Montenegro is among the top 10 holiday destinations and the 3rd fastest growing tourist destination in the world.
* Having injected €42 M in the tourism development in 2004, the government plans to increase the sum up to €121M by 2014.
* Tourism has risen by 50% per annum since 2003, and in 2006 encountered 1.5 million tourists.
* Tourism accounts for 15% of GDP (€214M), which is yet projected to rise to 21% by 2014 (€626M).
* €23M were assigned to modernise Tivat and Podgorica airports.
* The potential for the development of eco-tourism is specifically high.
* There are plans to build new hotel and leisure complexes in Tivat.
* The regions is known for having 20 blue flag beaches.
What to Do in Montenegro?
There is a rage of activities to choose from: sailing, scuba diving, white water rafting, fishing, hiking, skiing, riding, tennis or for less strenuous days, museums, art galleries and sunbathing.
Annual Events:
January: Skiing competitions, First snow festival
February: Mimosa festival and masked carnival
March: International cycle race, Children songs festival
April: Theatre festival
May: International film festival
June: International Mediterranean music festival
July: International beach soccer tournament, Fashion festival, The mountain flowers day, Theatre and music festival
August: Film festival, Poetry day, Swimming marathon
September: Open tennis tournament, Fishemen festival
October: Montenegrin and Serbina fim festival
November: Children’s art festival
December: Culture days
Real Estate Montenegro
Why Invest in Montenegro?
Since declaring independence from Serbia on June 3rd 2006, Montenegro has become a UN member. The European Union has reopened EU accession negotiations. Montenegro’s membership of the World Bank in 2001 has helped establish a sufficient level of creditworthiness, leading to inward investment from several European countries. The EU and other investors have financed projects worth €290M, including the improvement of the transport infrastructure. An estimated 50% of the economy has been privatised with banking and hotels leading the way. The Euro has kept inflation under control.
Perfect Time for Investments?
At present Montenegro presents unique possibilities for investments in real estate. On one hand, stringent planning regulations ensure that over-development is not permitted and that the building process is carried out in accordance with the set by the country standards. Three floors is usually the maximum allowed in order to maintain the harmonious interaction between man and nature. On the other hand, you purchase a perfect for holidaying property in the untouched nature of the Mediterranean.
Montenegrin Property Represents Excellent Value for Money
* Property prices grow at 20% per annum depending on the property’s location
* Planning restrictions ensure the preservation of Montenegro’s intrinsic beauty
* Newly built real estate projects are in high demand and are typically sold off-plan
* Shortage of high standard properties for rental potentially ensure good income
* There is no tax on capital gains from resale
* Mortgages are easily available
How to get to Montenegro?
Over 80 tour operators from more than 15 countries organise holidays to Montenegro.
By Air: Tivat, Podgorica or Dubrovnik in Croatia (20 minutes from the border)
By Sea: Ferry service to Bar from Bari in Italy
By Train: From Belgrade to Podgorica