Europe's next emerging market

Tim Mycock, head of real estate at Future Capital Partners, explores the investment potential of Montenegro.

With news that the World Travel & Tourism Council (WTTC) has announced Montenegro as the number one destination for tourism growth worldwide over the next ten years, developers, leading international hotel operators and investors are beginning to move into the country. During the first six months of 2011, the total revenue from tourism alone was ­estimated at €124.3m, about 6.6% more compared to the same period in 2010, and this growth is forecast to continue. Recent large property developments have attracted a number of the world’s rich and famous to not only visit, but also purchase...