Montenegro to Benefiit Most from Visa Free Travel Extension

The EU has agreed that residents of Montenegro, Serbia and Macedonia should be permitted to travel visa-free throughout the EU, after the European Commission suggested it last month. Visa-restrictions for the three will be lifted on December 19th.

The EU has kept visa-restrictions in place for Albania and Bosnia-Herzegovina, but it is hoped that visa-free travel can be extended to them in due course, when they have met the necessary requirements as part of the EC roadmap.

All three nations will undoubtedly see economic benefits from the move, through increased tourism and easier trade with EU nations. However, Montenegro is likely to see the biggest benefit.

Serbia and Macedonia are both landlocked, and now that it is not a visa job, residents from both countries, will undoubtedly make trips to the gorgeous Montenegrin coast. The same goes for residents of all EU countries.

Montenegro is known as one of the most beautiful places in the world, and with some of the best beaches in Europe. So much so that it attracted the likes of Prince Charles and singer Lulu in its heyday during the 80s. EU members being allowed to holiday in Montenegro visa-free will undoubtedly boost tourism significantly.

It will also boost foreign property investment in the country. Montenegro had grown into a highly popular destination among foreign property buyers in 2006 and 2007, but demand has plummeted during the downturn. Now that things are beginning to recover, the fact that people can travel to Montenegro for an inspection trip without having to go to the hassle of obtaining the correct visa, will undoubtedly assist in increased activity in the property market.

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Montenegro Plans EU Accession Before 2009

Montenegro is to apply for full candidacy of the EU before the end of this year it has been announced. During a visit to Bosnia this week, Montenegrin prime minister Milo Djukanovic told a press conference in Sarajevo that the country will continue with its initial intention to apply for EU candidacy before 2009, Reuters reports.

"We are trying to agree on a compromise in talks with France," explained Djukanovic "And achieve what Montenegro has planned - to apply for a candidate status by the end of the year.

"We have got full satisfaction after declaring independence: we have strengthened stability and come closer to our European goals."

Mr Djukanovic said that EU status will reflect the increased social, political and economic stability achieved in Montenegro since 2006, when the country won independence.

Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the news:

"Well that is the moment we have all been waiting for. One of the biggest strengths put forward when I was recommending Montenegro as an investment destination in 2007, was its path toward recent accession into the EU. This has had a massive effect on other property markets in the region: Bulgaria and Estonia are prime examples; their property markets exploded after EU accession with price rises of up to 30% being regularly recorded. It was anticipated the Montenegro would achieve full membership in 2009, if it can do so before it all the better."

Property Abroad have some excellent property in Montenegro , including their star-buy: The Aquavista off plan apartment development. Set on the beautiful shores of Herceg-Novi in Kotor and starting from just £102,000 the Aquavista apartments are quite simply one of the best-buys on the international market. The semi-mature level prices of Herceg-Novi is testament to the level of growth that Montenegro has seen in the past 2 years, this growth can only be accelerated when Montenegro joins the EU.

Property Abroad have many developments in Montenegro, find out more by visiting the site

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