Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Montenegro.
Montenegro has been steadily growing as a tourist destination, thanks to its stunning Adriatic coast, historic towns, and natural landscapes.
This boosts demand for vacation rentals, hotels, and other real estate developments catering to the tourism market.
Montenegro has been improving its infrastructure, including roads, airports, and ports. As these developments continue, property values could increase, especially in regions like the Bay of Kotor or Budva, which are experiencing an influx of both tourists and international investors.
Montenegro offers competitive tax rates for property owners. The country has low property taxes, and there are incentives for foreign investors, including a relatively easy process for purchasing property.
There are programs for foreign nationals to gain residency or even citizenship through property investment.
For instance, investing in certain property developments may offer pathways to Montenegrin residency, which could be appealing for those looking to move or secure a second passport.
