13/06/2026
https://share.google/0yj0FMVMVoYn4jGfN
Twenty years ago I came to Montenegro as a speculator. The logic was simple — coastal property here cost a fraction of what it cost in Croatia. Buy early, wait for prices to converge.
That first wave of buyers has been followed by two more, each with different motivations. The third wave is different again — and understanding what is driving it matters if you are thinking about Montenegro.
I have written the first in a three-part series on what is actually happening to property values here, and why. No promotional spin — just the structural argument.
Link below. Part II follows shortly.
As the cost of remaining economically connected falls, geography begins to matter differently. Property markets are starting to reflect that shift.