13 February 2009
Pluto Developments has launched a Montenegro property development that offers homeowners a guaranteed 8% annual rental return for the first three years of ownership.
Acacia Hill Apartments features one, two and three-bedroom apartments ranging from €150,400 (£134,000) up to €209,000 (£186,000) and are situated only meters from the shore of Montenegro’s Bay of Kotor. They feature high specification interiors, a pool with Jacuzzi, lush gardens and a concierge service.
Justin Faiz, managing director, Pluto Developments, says: “Our scheme compares very favourably with the options available to investors in the current climate and not only in terms of rental income. Montenegro’s property market has been rapidly appreciating in value over the last four years, with some way to go. The fundamentals are still strong – it remains the world’s fastest growing tourist destination according to the WTTC [World Travel and Tourism Council], which means top quality accommodation is in demand.”
See Also: Montenegro (1)
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