- Montenegro’s statistical office notes that the total number of foreign visitors in 2017 rose 19.2 percent, with seaside resorts attracting 54.8 percent of all overnight stays in December
- Housing prices in Balkan nation ticked upward by 8.59 percent during 2017
- Montenegro’s growing, open market economy and multicultural population draws adventure seekers from around the world
- American-Swiss negotiating purchase of beachfront properties in popular tourist destination
As an early-mover investor in the Montenegrin real estate market, American-Swiss Capital, Inc. is smartly focused on a trend in global travel as tourism blossoms in the sovereign state’s resort towns along the Adriatic seaside coastline. Known for its rich array of attractions and natural beauty, Montenegro joined NATO in June 2017 and has been using the euro since 2002, even though it is not yet a formal partner in the eurozone. The European Commission has indicated that Montenegro could join the EU in 2025, which the country’s diplomats and leaders are backing in a flurry of activity (http://nnw.fm/CZh53).
American-Swiss Capital, a privately owned development stage company with headquarters in Miami, Florida, is targeting real estate developments in Montenegro along several fronts, with properties capable of providing a high ROI. Topping the undervalued real estate investment chart is an 18-unit beachfront apartment development (http://nnw.fm/yJeO0). American-Swiss is presently in negotiations to purchase the property, which is situated in the beautiful Boka Bay community of Tivat – an extremely popular tourism destination. The property has been valued at $4.5 million, however American-Swiss and its highly skilled management team is negotiating for a $2 million price tag. Apartment unit sizes vary from 60-160 square meters, and the property itself boasts a private beach with a fixed pontoon boat berth close to the full-service marina of Porto Montenegro.
A second, very favorable yet undervalued development project is a 36,000 square meter section of land located in the famous, UNESCO-protected Bay of Kotor, about 6.2 kilometers from Porto Montenegro. Lonely Planet describes the Bay of Kotor as “breathtaking, majestic, divine,” and a slice of earth that defies geographic description (http://nnw.fm/9dgV2). The company’s vision for this location includes building a gated community with 30 villas, each measuring about 360 square meters (or about 3,875 square feet). Total cost of this project is estimated at around $9.3 million, which American-Swiss states could be funded by presales and debt financing.
The total number of tourists who visited Montenegro in 2017 rose 19.2 percent to 843,609, according to the country’s statistical office (http://nnw.fm/uc68U). Seaside resorts attracted 54.8 percent of all overnight stays in December 2017, followed by the country’s capital, Podgorica, with 23 percent. Tourism accounts for roughly 20 percent of the Balkan nation’s gross domestic product, bringing in nearly three times as many visitors as the country’s total population every year, an article in the Washington Diplomat states (http://nnw.fm/OM1Ex).
American-Swiss Capital originated in 2015 with the mission of serving as a conduit between the U.S. equity markets and leading enterprises in Switzerland and Northern Europe. American-Swiss Capital’s experienced management team possesses the knowledge and skills required to consistently provide accurate and reliable research specifically designed to identify the safest and most profitable investment opportunities.
For more information, visit the company’s website at www.AS-Capital.com
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