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Three Silver Stars
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Not sure if it'll interest anyone, but spotted an investment fund that focuses on Montenegro. Its listed on the Channel Islands Stock Exchange and is run by Argyll Investment Services Limited.

Its listed as Montenegro Investments Limited and since the fund started in Dec'05 the net asset value of the shares have increased by 25%. You can't buy into this like a normal stock or share as its a closed ended fund, but I'm sure they will be happy to add you to the distribution list should they be seeking to increase the fund size. (They did this in August, but don't expect to seek any more tranches of investment.)

Useful links:

http://www.bordeauxservices.com/montenegro.html
http://www.argyllinvestment.com/#
 
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Hi did anyone invest in the penninsula Kotor Bay
 
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[I'm interested too
 
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I believe the scheme has now folded - does anyone know if anyone lost their money?
 
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Two Silver Stars
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quote:
Originally posted by saltire1707:
Hi did anyone invest in the penninsula Kotor Bay

Yes we did, we were just so lucky, but we want to build a 'home' not purely for investment.
There are still properties around, but the prices are going up by the hour, I found! I did a recce every month to get a feeling for properties, giving a precise indication to the estate agent what we wanted, which did not mean much, they have more clients then houses!
The Russians caused us a lot of problems, as they go with an open suitcase full of money to all the best properties- how much do you want, here is an extra 10000 Euros, plus all the back handers that are dished out to whom ever!
But it is still worth it, one has to hang in there and not give up.
Find a first class lawyer, ideally locally recommended,open an account in a good Bank can recommend the Opportunity Bank,there are hundreds of estate agents, check them and try several. Good Luck!

Ps. To find anything around £15.000, that's a joke.
 
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quote:
Originally posted by Anke:
The Russians caused us a lot of problems, as they go with an open suitcase full of money to all the best properties- how much do you want, here is an extra 10000 Euros, plus all the back handers that are dished out to whom ever!


Yes, I am sure the idea of other nationalities also having money to buy up roperty with will be a shock to us Brits Wink.
 
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