I have been offered an opportunity to invest in real estate in Montenegro by buying a small apartment in one of the leading real estate projects there. what do you think of the real estate climate there? Do you recommend investing? What about the ROI? I have been researching since sometime and found many useful reports and information, the overall tone is positive but it's always good to ask people who might have better knowledge about the country and investment. Thanks
Hello. I'm a real estate broker, investor, I've completed hundreds of real estate transactions and author of 5 books on investing. Based on my cumulative experience, I would never encourage investing in a region that an investor is unfamiliar. The common misconception is that real estate is easy when it is in fact a brutal business due to the use of leverage. Any miscalculation in your assumptions, will lead to losses. You have to understand the geography, the political climate, the neighborhood, understand where you are in the economic cycle, interest rates and determine if you are in the path of progress. I strongly suggest investing in your locality.