TITLE

Paradise, Sort Of

AUTHOR(S)
Condon, Bernard
PUB. DATE
December 2006
SOURCE
Forbes Asia;12/11/2006, Vol. 2 Issue 21, p80
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the state of the real estate market in Montenegro. A transfer tax of 2% is being paid by home buyers on the value of a purchase and up to $25 per square foot for construction. Executive Richard Bannister was able to buy a five-bedroom stone house with a view of both the water and the Hotel Fjord for $450,000. One can buy a three-bedroom stone home near the former cell of author Miguel de Cervantes for $250,000.
ACCESSION #
23515476

 

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