Russians Sell Montenegro Real Estate Amid Visa Changes
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Insights by Echo AI
Russian property owners in Montenegro have started selling their real estate, with listings increasing by 10-15% over the past year. This trend coincides with Montenegro's announcement of introducing visas for Russians starting November 1, which is expected to decrease Russian tourist visits by 30%. Around 4,500 Russians own apartments or houses in Montenegro, many of whom rent them out to tourists. Discounts on real estate sales can reach 10-12%.
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