PDF description for this property

 Indicate object on the map


Opportunity to Invest in the Wild Beauty that is Montenegro!

With 8% Guaranteed Returns!!!!

This small country, no larger than Wales, is the very definition of “Wild Beauty”, where one can enjoy every landscape imaginable from pristine beaches along clear blue waters to majestic mountains filled with caves for exploring to the second deepest canyon in the world that has excited many with its white water rapids. Whether an adventure seeker, a poet or painter, a beach-lover or one who enjoys and appreciates the architecture of times long past, there is something for everyone in Montenegro. With its breath-taking natural beauty, its friendly culture and quaint old villages, it is awe-inspiring, exciting and relaxing.
During the 1950’s and 1960’s, Montenegro was playground to top Hollywood stars such as Elizabeth Taylor, Sophia Loren, and Kirk Douglas, and holiday makers from around the world flocked to the coastline. Tourism stalled during the Balkans troubles of the 90’s but over the past few years the new independent Montenegrin Government has been working not only to return this popular holiday site to its former glory, but also to vastly improve it - creating an upscale holiday destination for families, couples and all who wish to enjoy the natural splendor and friendly culture it has to offer. Tourism is already nearly back to its pre-war level, and new stars such as Michael Douglas and Catherine Zeta Jones, the Rolling Stones, and Madonna have been visiting this “Pearl of the Adriatic”. Upgrades and renovations are on schedule with the Government’s Master Plan, and even more regeneration, improvement, and diversification works are planned over the next several years. It is no wonder why the World Travel and Tourism Council has dubbed Montenegro the fastest growing holiday destination in the world!
----- Developments invites you to become part of its family in Montenegro and to take advantage of investing in the early stages of the Master Plan of this newly independent country. Investing in a ----- Apartment means investing in a top quality, award winning product, receiving 4 weeks personal use each year, and a guaranteed rental return of 8% per year for the first 3 years. All the work is done for theinvestor. The apartment is fully furnished to a high standard and is entered into a successful holiday rental programme. The programme is fully managed so all that remains to be done for the investor is to collect the income and enjoy his holidays!
The following information gives more insight into Montenegro and the project now on offer

Why invest in Monte Negro?

The main reasons to invest in property in Montenegro are:
1. Sustained and long-term growth both in rental returns and capital growth,
2. The many attractions and natural splendor of the scenery Montenegro has to offer,
3. the Government’s Master Plan to develop and diversify tourism already having spent €250 million and pledging much more in
development, programmes, policies and promotions to support, enhance and increase tourism, This means that an investment is
positively enhanced by the programmes, policies, and investments made by the government toward the same goals as those of the
investor.
4. Commitments from the private sector to support the Master Plan with over €500 million committed for large scale developments
all geared toward creating an upscale destination without diminishing the natural beauty of Montenegro.

Growth

According the Ministry of Tourism in Montenegro, over the past 2 years, night stays have increased by nearly 30% and gross operational revenues have increased by 40%, cumulatively. Expected increases over the next 10 years are a further 10% per year. In 2007, the average revenue per available room was €23,000 for a four-star category hotel room. As the regenerations and improvements are completed and new developments with increasing tourist attractions are built, these numbers are continuing to rise giving investors at today’s rate ever increasing
returns on their investments.
Property values have increased by 30 to 50% in the last 3 years and are expected to further increase 50% over the next 5 years.

Reasons for Growth

The Montenegrin Government realized early on that a strong tourism business is key to the successful and sustainable development of the
country. Therefore, it has taken measures to create incentives both for developers and investors in property and to regenerate and prepare
the country for increased upscale tourism. The first steps taken were the privatization of former state owned hotels and other tourism assets,
the adoption of the “Open Skies Policy” to enable more flights into Montenegro, the creation of the special 7% VAT rate for tourism, the
right for investors to repatriate all earnings from tourism, and attractive terms available to tourism investors for borrowing. Meanwhile, the
government, along with the National Organisation of Tourism has worked to diversify tourism over all four seasons and has also created
several advertising and promotional campaigns worldwide in order to reintroduce Montenegro to the world. Each season, major rock bands
are contracted in order to attract crowds, such as the Rolling Stones in 2007 and Madonna in 2008.

The government is committed to increasing tourism with these and other programmes, and it is also committed to investing money to ensure
the country is up to standard in public works in order to keep up with the increased level of visitors and traffic. It has already spent in excess of
€250 million to upgrade airports, improve roads, border crossings and utilities. It has worked with the private sector and over €350 million has
been spent in the extensive hotel modernization and upgrading including creating state of the art wellness and conference facilities focused
mainly in the coastal zone. Further commitments from the private sector exceed €500 million and include not only coastal resorts, mountain
resorts, wellness facilities and spas, additional shopping, restaurant and entertainment facilities, but also a major marina with 800 births in
Kotor Bay, 125 of which shall be designated for mega yachts. When a government has a major interest to ensure the growth of tourism, the
investor can be put at ease knowing that his investment is backed not only by the developer and the area, but also by the government who
are working and will continue to work to ensure that the highest occupancy rates are achieved for the benefit of the country, the people, and
the economic future of Montenegro.

Attractions

Attractions and activities in Montenegro include something everyone. The beaches boast all kinds of water sports from swimming, diving,
water skiing, jet skiing and snorkeling to simple relaxing on the beautiful beaches along the water’s edge. Additional excitement can be found
in the mountains and in the National Parks where tourists enjoy hiking, mountain biking, wilderness camping, caving, climbing, snow skiing
and white water rafting. A more relaxing pace can be enjoyed in the old towns that dot the seashore, spending an afternoon strolling down
the quaint little lanes perusing the shops, enjoying the beautiful architecture of long ago, and stopping in the cafes for the delightful cuisine
that is distinctly Montenegrin.

With 293 km of coastline and 73 km of beaches, Montenegro is the perfect place to go and enjoy the sunshine and summertime sporting
activities. With an average summertime temperature of 26 degrees Celsius, and mild water temperatures 6 months of the year, it is no wonder
why tourists want to visit the beaches of Montenegro. Along the beaches there are beach bars and barbeques where local fishermen ply their
day’s catch and the barmen will cook the fresh fish on the grill for you.

Durmitor National Park has the highest mountain in Montenegro rising to 2,522m. Part of the Tara River which runs through second deepest
canyon in the world also runs through this park. White water rafting is a popular pastime here in the warmer months and snow skiing is
popular in the winter months.

Biogradska is the oldest protected park and boasts 5 glacial lakes. It has superb hiking and wilderness camping and the scenery is absolutely
amazing.
Skadar Lake National Park covers 40,000 ha including Lake Skadar and is a paradise for bird-watchers as well as fishermen. With mountain
peaks reflecting in crystal clear blue water, this area has been an inspiration for many a painter and photographer.
Lovcen National Park is home to a Mausoleum dedicated to Montenegro’s most celebrated king and poet, Petar II Petrovi Njegos.

The Bay of Kotor

It is along the Bay of Kotor, or Bota Kotorska that the projects created by Pluto Developments are being developed. A place of stunning natural
beauty and the southern-most Fjord in Europe, the Bay of Kotor is a butterfly-shaped expanse of water surrounded by breathtaking mountain
scenery. Remarkable not only for its wonderful coastal scenery but also for the many pretty villages and towns that dot the shoreline, the Bay
was designated a UNESCO World Heritage Site in 1979. However, even long before that it has been a magnet for sailors, traders and sight-seers
alike. The baroque village of Perast is littered with palaces of 17th century Venetian merchants, each vying for the best views over the beautiful
island monastery of St. George and also that of the Lady of the Rock.
At the head of the Fjord lies the old city of Kotor, on of the most exquisitely preserved medieval centres in the Mediterranean. Narrow
alleyways open out onto piazzas, churches and palaces. The awe-inspiring 12th century city walls climb 200m up the sheer mountain face and
form an impressive backdrop to Kotor’s annual Venetian carnival.

At the entrance of the Bay lies the verdant town of Herceg Novi, surrounded by ancient walls and home to two 600 year-old fortresses. Known
to be the sunniest town in Montenegro with over 200 days of sunshine each year, Herceg Novi also boasts a 7 km promenade lined with shops,
restaurants and cafes. After a full day of shopping and site seeing in the old town, one can relax in a natural mineral spring located in one of
the areas wonderful spas, naturally providing soothing comfort and restoring a state of well-being to even the most stressful of souls.

Across the Bay lies the unspoilt peninsula of Lustica. Once home to pirates and smugglers, today Lustica is a large swath of pristine
Mediterranean countryside, the sea line dotted with undeveloped bays and coves. Along the peninsula, there is a famous cave known as the
Blue Grotto where swimming inside the cave is both magical and wonderful.
Further enhancement of the Bay of Kotor is now underway. In 2006 a deal was concluded with leading Canadian Industrialist, Peter Munk, to
purchase a former shipbuilding and naval yard once controlled by the Yugoslav Army. With a superb location on the Bay, the 800 birth mega
marina will add real and substantial value to those small towns and villages lining the bay.
With so much to do and see in Montenegro, and additional activities, festivals and concerts being added each year, tourism continues to rise.
The National Organisation of Tourism has already begun a worldwide promotional campaign with plans to further increase coverage, and as
Montenegro continues to add winter activities such as ski resorts, wellness centers and spas with natural hot springs, conference centers and
the mega marina, tourism will rise exponentially year round. The time to invest in Montenegro is now.

Acacia HIlls Apartments

Acacia Hill Apartments, ------Developments’ newest development in Montenegro, lies between Herceg Novi (6 Km) and Kotor (35 Km) in
the village of Djenovici and overlooks the Bay of Kotor. Djenovici is an old fishing village featuring narrow pebble beaches, and mimosa and
magnolia gardens on the edge of the promenade. Olive and fig trees, wild pomegranate, orange and lemon trees make the air sweet and
aromatic. Nestled in a romantic and relaxing spot surrounded by olive trees and mimosa flowers, Acacia Hill Apartments benefit from the full
stunning views and scenery provided by the incredible Bay of Kotor. And, famous for its Mimosa flower festival in February, Djenovici is fast
becoming a popular destination with Western holiday makers.
Keeping in line with our objective to create world-class, award-winning real estate, we at ----- Developments are pleased offer Acacia Hills;
spacious and superbly appointed one, two and three bed roomed apartments providing exclusive living and comfort to owners and guests.
Acacia Hill is an exclusive development, combining high quality natural materials with traditional Mediterranean architecture. With red
sloping roofs and shutters, large balconies and terraces and communal piazzas, the development is designed in the style of a typical Venetian
village. Surrounded by large landscaped gardens, the focus of which is a raised terrace with a large swimming pool and café, there are only
36 apartments set across four low-rise buildings in a gated community. And, with pre-launch pricing from only €150,000 combined with
guaranteed returns of 8% per year for 3 years, this is a “must have” for the shrewd property investor and availability will not last long.

Features and Specifications

Fully furnished apartments to high specification including:
o Luxury Living & Dining room suite
o Luxury Bedroom suites
o White goods including dishwasher, cooker and hob, refrigerator/freezer, clothes washer/dryer
o Television
o Broadband and satellite connectivity

 Air-conditioning system
 High quality tile flooring in living areas
 Locally crafted bamboo wood parquet flooring in bedrooms
 Beautiful décor throughout the apartment and in common areas
 Private Car Parking Space
 Exclusive and Private Gated Community
 Pools and Jacuzzi
 On-site Cafe
 Concierge to look after your needs
 Laundry Service and Housekeeping Service
 Butler Service
 Transport Service
 Massage Therapy
 Activity booking and arrangements
Acacia Hill Apartments contains many environmentally friendly features as well. Rainwater is recycled for garden and pool usage. The
swimming pool is partially heated by solar power and the gardens are lit with solar powered lights. Most of the original mature trees on the
site have been preserved. Wall and roof insulation and double glazed windows help to minimize energy needed for cooling and heating.
Inside the apartments all light bulbs are low energy consumption and toilets have low water volume flush. Acacia Hill Apartment’s fresh water
tank contains a recirculator to ensure water is always fresh.

Why Invest Now?

The World Travel and Tourism Committee has stated that many, including the Montenegrin Foreign Minister believe Montenegro to be the
next Monte Carlo, Monaco. Over the past 2 ½ years, the property values have risen by 51% in Monte Carlo, and there was a 10% per year
increase during the previous decade. If you had the opportunity to turn back the clock and purchase a property in Monte Carlo 12 years ago
knowing how the values have increased, would you? Of course you would!!
Your opportunity to do just that is in Montenegro right now! Don’t wait until it is too late! Rental returns on property purchased today in
Monte Carlo are only 1.5%, but for those who purchased their properties a decade ago, the rental returns are huge. Over the next decade, the
property prices in Montenegro will double providing today’s investor with handsome capital returns. In addition, as tourism, occupancy and
nightly rates increase, today’s investor stands to earn not only a strong return in the short-run, but returns over a ten year period that, when
combined with the capital growth will triple the investment! Don’t miss out!!!