The quest for property in Montenegro is falling down 2.12.2008
In Montenegro the bulks of property sales decreased in two times in comparison with 2007.
This situation is visible in Budve where for the first ten months of the current year were made 1700 transactions what on 42,7% less than last year. Except this, according to the data of the local real estate agencies, quest for residential property in regions which are to the south from Budva and Boka Kotorska also decreasing.
The cost of apartments on the cost is decreased and now is 1200-1500 euro per 10 sq. ft.
It is all connected with financial crunch, which makes hard to get credit in the bank.
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