The Acacia apartments development consists of one two and three bedrooms in an astonishing location overlooking the gorgeous Bay of Kotor on the massively popular Montenegro coast.

Acacia Apartments – The Opportunity

At a Glance

• EU Accession on the horizon
• Fastest growing tourism market in the world
• Rental yields at 8% and climbing
• All factors point to sustained high level growth
• Prices likely to double/triple in the next 3-4 years

In Detail

Montenegro, with its Mediterranean climate, breathtaking unspoilt landscapes and coastlines, and lower cost of living than its equally beautiful neighbour Italy, made Montenegro one of the most popular tourism destinations in the 80s. Its splitting from the political turmoil and questionable leadership of Serbia in 2006, combined with its featuring in the Bond Film Casino Royale, has seen it become recognised as the fasted growing tourism destination in the world, and slowly but surely regain its position as one of the world's foremost tourist destinations.

There are so many things that suggest sustained growth in Montenegro's future that it is easily one of the best investments on the global market. Its EU accession being just on the horizon, a step that has caused so many emerging markets to sprout into giants, and its comparable neighbour Croatia: where prices have tripled since 2004.

Croatia grew so quickly because of its proximity, similar climate and strengths (beaches, beauty, relaxed way of live) to the bigger markets like Spain and Italy, but property and living costs were only a fraction of the cost.

Now Croatia is an expensive place to buy, and Montenegro has taken its place as a cheap Mediterranean holiday and property hotspot, and given that some people say Montenegro is even more beautiful than Croatia, and Montenegro tourism is growing even quicker than Croatia's did, it is more than a safe bet that Montenegro property prices, especially in locations like the Acacia apartments (see below for full details on location), will double, and will property triple in the next 2-4 years.

Acacia Apartments -- The Development

Acacia Hill Apartments is an exclusive development, combining high quality natural materials with traditional Mediterranean architecture. With red sloping roofs and shutters, large balconies and terraces as well as communal piazzas; the development is designed in the style of a typical Venetian village.

There are only 36 one, two and three-bedroom apartments, set across four low-rise buildings in a gated community. Surrounding the buildings are large landscaped gardens, the focus of which is a raised terrace with large swimming pool and café.

The Apartments

At a Glance

• Wooden and tiled floorsFitted bathrooms
• Air conditioning
• Private terraces and balconies
• Environmentally friendly features
• Furniture and Kitchen packs available separately

The apartments are designed with the western investor and holiday maker in mind; open plan living spaces open through sliding glass doors onto private terraces and balconies. Each apartment has a fitted bathroom, living areas are finished with high quality tiles, and there is locally crafted bamboo parquet in the bedrooms. All apartments have air-conditioning as standard and kitchen and furniture packs are available separately.

Environmental Features

Acacia Hill Apartments contain many environmentally friendly features: Rainwater is recycled for garden and pool usage. The swimming pool is partially heated by solar power and gardens are lit with solar power lights. Most of the original mature trees on the site have been preserved. Wall and roof insulation and double glazed windows help minimise 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 features a recirculation pump to ensure water is always fresh. The wooden flooring is sourced from sustainable forests.

Acacia Apartments – The Location

Towards the top of the village of Djenovici, set on a hill covered in olive trees and mimosa flowers, lie the Acacia Hill Apartments, with stunning views of the Bay of Kotor, the wilderness of the Lustica peninsular and the snow-covered majesty of Mount Lovcen.

Boka Kotorska, or Kotor Bay, is a place of stunning natural beauty; the southern-most Fjord in Europe – a vast butterfly shaped expanse of water surrounded by breathtaking mountain scenery. Boka Kotorska is remarkable for its wonderful coastal scenery and the many pretty villages and towns that dot the shore line. Long before it was designated a UNESCO World Heritage Site in 1979; the Bay has been a magnet for sailors, traders and sight-seers alike. The beautiful village of Perast is littered with the palaces of 17th century Venetian merchants, each vying for the best view over to the beautiful island monastery of St. George.

At the head of the fjord lies the old city of Kotor, one 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 to the Bay lies the verdant town of Herceg Novi, surrounded by ancient walls and with two 600 year-old fortresses. As well as its beautiful old town, Herceg Novi is famous for being the sunniest town in Montenegro -- with over 200 days of sunshine per year!

The village of Djenovici lies between Herceg Novi (6km) and Kotor (35km). It's an old fishing village featured by narrow pebble beaches, mimosa and magnolia gardens on the edge of the promenade. Olive and fig trees, wild pomegranate, oranges and lemon trees are making the air sweet and aromatic. Djenovici, famous for its Mimosa flower festival in February, is fast becoming a popular destination with Western homebuyers and holidaymakers.

Opposite Djenovici, on the other side of the Bay, is the unspoilt peninsula of Lustica: once home to pirates and smugglers, today Lustica is large swath of pristine Mediterranean countryside, the sea line dotted with undeveloped bays and coves. Djenovici is conveniently located for access both to Dubrovnik Airport (30km) and Tivat Airport (15km via the car ferry), both of which are 2¼ hours flight from London.