Often apartments, cottages, and houses sell like hotcakes. No matter how high the price per square meter may be for Montenegrins, Russians sweep everything up instantly. Agree, it's a good reason for constant price growth of real estate in Montenegro. Moreover, local entrepreneurs are always ready to lower the price with reasonable bargaining, and even delight buyers with discounts and promotions.
Montenegro has a very vague and extremely unstructured pricing system. Often sales and advertising campaigns start long before obtaining a construction permit. And documents are often carelessly composed, sometimes not even indicating the address of the house. However, the upcoming EU membership forced Montenegrins to reconsider the current situation and outline ways out of it.
In the conditions of an unstable economic and financial situation, the issue of investing in real estate as the most reliable means of preserving capital becomes especially relevant. More and more often, investors are looking at Cyprus, trying to understand the dynamics of its real estate market. No one can say exactly how the situation will develop.
If we make a dry summary of facts, we can see that real estate in Cyprus has already reached its price minimum last winter, and some developers have already started selling individual properties at reduced prices. Now there are more and more offers at market prices. And considering the start of the tourist season in Cyprus, we can confidently say that, at least until winter, no significant price collapse is expected.
Of course, depending on the type of property being sold, buyers may be offered some discounts and concessions, but this phenomenon will not become widespread. It would be most accurate to say that the Cyprus real estate market is currently in a stage of waiting for a new round of development. And that means there is no better time to buy real estate.
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