EasyJet to fly to Tivat Montenegro from Manchester Starting March 2016

EasyJet to Join Ryan-air's success in Montenegro

Announced last night in Tivat (Friday 11th December), it was said by a top official that EasyJet have confirmed their wish to fly to Tivat, Montenegro in 2016. Flights will be from €50 return and start 27th March 2016 Manchester-Tivat, initially flying Thursdays and Sundays. 

This follows the success of Ryan-Air who have been flying to the spectacular Former Yugoslavian Republic of Montenegro since 2013. Initially Ryan-Air intended to fly during the summer months only but they quickly realised that this route was a money maker and announced in the same year as their inaugural UK - Montenegro flight that they would fly all year round. 

Will Wizzair follow? Years ago they categorically said no; however, an inside source has revealed that Wizzair are now  seriously reconsidering Montenegro as a destination. This is probably helped along by Lonely Planet awarding Kotor, Montenegro, the the No1 city in the world to visit in 2016. 

You only have to witness the number of high end investors who are already in Montenegro to understand why this tiny country is getting so much attention. The continued success of the luxury yacht marina, Porto Montenegro can be seen as a catalyst for other high end developments such as Lustica Bay, The One and Only and Qatari Diar's Blue Horizons development in conjunction with Four Seasons Hotels. Investments in The Bay of Kotor and Lustica Peninsula are now counted in Billions where they used to be in hundreds of millions. 

Can Tivat Airport cope? Evidently,the airport is gearing up for increased demand and as one of the busiest airports in the Balkans, has started work on a brand new air traffic control tower and expansion of the terminal building and runway should follow. 

What will this mean for the property market in Montenegro? Well, we've already heard of the Ryan-Air affect, though rival airlines may call it the Easy-Jet or Wizzair affect, where easy and low cost access to an emerging tourist destination has been a massive boost to tourism and real estate prices. Coming out of the deep European recession, it has often been said by pundits that Montenegro will suffer as much as other European countries, but is expected to springboard out of it. Well, all the signs are there for this to happen. 

With the strength of the GB pound against the Euro, it's probably the Brits who will once again come marching back to Montenegro. The British and Irish private buyers along with Russian investors helped fuel a boom in the real estate prices 2005-2007 which would have deflated in 2008 with the banking crisis if it wasn't for the Russian market who continued to spend their rubles in Montenegro. This provided a soft landing for real estate, although the Russian market has slacked off in 2015 due to falling oil prices, devalued ruble and sanctions, to name a few reasons. The stronger pound and new interest from wealthy countries such as Norway, Finland as well as other western European countries like Germany and France means that while the Russians aren't buying like they used to, new, discerning buyers are starting to replace them. 

Year's ago people used to say that Montenegro would be the Monte Carlo of the East (perhaps a little tongue in cheek), and now we see pockets of that Monte Carlo lifestyle emerging. Watch this space.

 

 

 

 

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