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How to determine the value of the property based on rental income

Blog - 07/02/2017

In other words: If you buy a property for “x” thousand how much annual income could you expect to earn from its rental? What is a good annual income from rental? The consulting company “First World” published their results of research on this topic for 2016. Data was collected from the 29 EU countries including Turkey (LINK). The Netherlands proved to…

Getting rental permit in Montenegro

Blog - 04/06/2014

Or more precisely:  “How I got a rental permit for my flat in Tivat.”   The first thing I had to do was check what was needed legally – According to Article 109 in Tourism Law, rental of private accommodation is allowed by individuals whose properties have up to 7 bedrooms and/or 15 beds.   Since my apartment is much…

Tourism in Montenegro is predicted to continue growing rapidly

Blog, Montenegro News - 31/03/2014

According to latest World Travel & Tourism Council (WTTC) report, Montenegro is still the number one country in the world in terms of real and long term growth in the Tourism industry. The direct contribution of Travel & Tourism to GDP was EUR348.7mn (9.8% of total GDP) in 2013, and is forecast to rise by 12.6% in 2014, and to…

Submarine sightseeing in Montenegro

Montenegro News - 27/03/2014

Underwater tours will start next month, announced Ilija Pajevic from Montenegro Submarine Company. Tourists will be able to enjoy the underwater world of Kotor Bay and the Perast Islands. One submarine can take up to 13 people and the price of the tour will be 12 EUR per person per hour. Photo taken from the Montenegro Submarine web site

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