Prices And Investment Fall As Slump Hits Adriatic

Prices And Investment Fall As Slump Hits Adriatic
A few months ago, leaders in the Balkans forecast they would escape the worst of the world recession. Developers hope the stunning cliffs rising above the clear waters of the Adriatic in central Montenegro will entice investors to put millions into luxury apartments in an ambitious holiday development. Yet the site, a former military base, remains a cluster of shelters and bunkers littered with old army supplies, and no one is rushing to lay down 8 million euros ($10.5 million) for a villa, or rather less for an apartment. At the same... Vazhdo

April 20, 2009  :: news :: Comments Off on Prices And Investment Fall As Slump Hits Adriatic
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