Recently, the Statistical Office of Montenegro (Monstat) released new data showing that the GDP for the third quarter of 2019 was 1.603 billion euros, compared to 1.531 billion euros in the same period last year, with a real GDP growth rate of 4.7% for the third quarter of 2019. The tourism and construction sectors made significant contributions to GDP growth in the third quarter.
Data source: Official website of the Statistical Office of Montenegro (Monstat)
As a pillar industry of Montenegro's national economy, tourism has consistently contributed positively to Montenegro's GDP growth. According to data from the Statistical Office of Montenegro (Monstat), the number of tourists visiting Montenegro in 2018 increased by over 15% compared to 2017, and the third quarter of 2019 showed that the number of tourists and overnight stays in collective accommodations in Montenegro increased by 10.9% and 7.8%, respectively. On this basis, in the third quarter of 2019, Montenegro's tourism revenue grew by 8.8%. According to the Central Bank of Montenegro, revenue in the third quarter of 2019 reached 761.2 million euros, an increase of 61.5 million euros compared to the same period last year.
It is noteworthy that, thanks to the rapidly developing tourism industry, the construction sector in Montenegro has also made a significant contribution to GDP. Measured by the value of construction completed, the construction industry in Montenegro grew by 31.4% in the third quarter of 2019. In recent years, with the booming tourism industry, the entire market economy of Montenegro has prospered, attracting development across various sectors, such as the surge in tourists leading to increased demand for hotels and accommodations, which in turn has raised rental prices and elevated the entire tourism real estate sector to new heights.
Exciting news! The second investment citizenship project approved by the Montenegrin government, "Hotel Blaz", has been grandly launched, requiring an investment of only 250,000 euros, with the property being sellable after five years of ownership, featuring independent permanent property rights and various high-quality unit types available on a first-come, first-served basis!
Located in an important tourist center of Montenegro, with promising development prospects
"Hotel Blaz" is located in the center of Kolasin, a city in northern Montenegro, known as the "Oxygen Bar of Springs". At the same time, Kolasin, as a mature tourist area in Montenegro, is hailed as one of the "Top Ten Ski Resorts in Europe", offering hiking, climbing, cycling, fishing, and Tara River canyon rafting, attracting numerous visitors each year. The influx of tourists has led to a shortage of hotel accommodations in the area, with hotels being fully booked daily, and guests generally needing to book rooms well in advance, indicating the significant market potential for hotels in Kolasin.
Convenient transportation and superior location
"Hotel Blaz" is ideally located, surrounded by beautiful pristine forests and the Tara River, known as the "Tears of Europe" (a UNESCO Natural and Cultural Heritage site), and is close to the two major ski centers, Kolasin 1450 and Kolasin 1600. Additionally, the project is 72 kilometers from Podgorica International Airport, approximately a 1 hour and 20 minutes drive to the airport, with flights available worldwide. Currently, the North-South Highway project, undertaken by a Chinese company, is nearing completion, and it is expected that once the highway opens, the travel time will be reduced to 30 minutes, achieving a "city-like" transportation distance to the capital of Montenegro.
Developed by internationally renowned hotel brands, fully equipped, offering a complete range of dining, entertainment, and leisure options
Managed by a well-known international hotel brand, the project features comprehensive internal facilities, including residential units, parking lots, buffet restaurants, a spa center, bars, a gym with views of the Tara River, a swimming pool with views of the Tara River (including a children's pool, hot tub, etc.), ski equipment rental rooms, ski shops, and ski service rooms. Here, everything for dining, entertainment, and leisure is taken care of, allowing you to enjoy a happy life.
Various high-quality unit types available on a first-come, first-served basis
Currently, "Hotel Blaz" is planned as a five-star hotel, the highest-rated hotel in Kolasin, with a total of 148 units available, including various unit types such as 2 bedrooms, 2 living rooms, 1 kitchen, 2 bathrooms; 1 bedroom, 1 living room, 1 kitchen, 2 bathrooms; and 1 bedroom, 1 living room, 1 bathroom, available on a first-come, first-served basis.
Renderings of the hotel
Investing in Montenegro, choosing tourism real estate with great development potential, "Hotel Blaz" is the best choice to enter the Montenegrin market and achieve euro asset allocation! Starting from 350,000 euros, not only can you acquire a property with permanent ownership, but you can also apply for a Montenegrin passport, a candidate country for the European Union, for your entire family, achieving a win-win situation with overseas property and overseas identity!
In addition to the "Hotel Blaz" project, the first investment citizenship project approved by the Montenegrin government—the Westin Resort project is also highly favored by investors. The Westin Resort is uniquely located at the Kolasin 1450 ski center, a well-known tourist attraction in Montenegro; currently, there are no competitors of the same level in the vicinity, offering permanent ownership, and the property can be sold after five years of ownership, making it a "hot cake" in the eyes of global investors. The Westin Resort has a limit of 240 places, with only 120 remaining globally, indicating its popularity!
Currently, Montenegro is one of the countries open for investment citizenship projects, being a candidate country for the European Union with the euro as its legal currency in the Eastern European expansion region. Starting from an investment of 350,000 euros, not only can you apply for a Montenegrin passport, a candidate country for the European Union, but the investment asset is also in euros, achieving euro asset allocation, making it a win-win choice! More importantly, currently choosing the Montenegrin investment citizenship project can save approximately 450,000 RMB. Limited places are available, and good projects wait for no one! For more details, please consult: 400-138-2929
WorldWay Group, ranked among Asia's top 500 brands, is an active promoter of European investment immigration, maintaining friendly exchanges and long-term cooperation with the Montenegrin government, making it an excellent choice for you to apply for a Montenegrin passport!
