• Montenegro
• Montenegro is one of the last undiscovered secrets, the latest discovery of the world jet-set, a country of medieval towers, ancient villages, rare beauty and artistic values, a country where 15% of its territory is under UNESCO protection.
• The famous 19th century romantic poet, Lord Byron said of Montenegro, 'At the birth of our planet, the most beautiful encounter between the land and the sea must have happened at the coast of Montenegro. When the pearls of nature were sown, handfuls of them were cast on this soil.
• The 240 days of sunshine per annum, deep blue sea, a coastline of almost 300 km, crystal clear rivers, mountains that reach the sky, our dense protected forests, lakes brimming with fish, and such value – all within a three hours flight of major European airports. All this mixed together with beautiful coastal towns with renaissance charm makes Montenegro an irresistible destination and a serious contender for anyone wanting to make an investment in an overseas property.
• There is something here for everyone – You can ski in the morning and sun bath by the most beautiful beaches in the region in the afternoon and with 5 golf courses planned for the next 3 years there are no shortage of things to do!!
• According to the World Tourism and Trade Council 2004 report, Montenegro is the fastest growing tourist destination in the World. 2004 saw 500,000 tourists, 800,000 throughout 2005 and 1,850,000 in 2006.
• The geographical position of the country, a coastline of almost 300 km and a great variety of cultural, historical and natural treasures such as high mountains, deep valleys, glaciers, or a largely diverse flora and fauna, make Montenegro one of the most beautiful countries in the Mediterranean. Such diversity of unspoilt nature on such a small territory makes Montenegro a unique country. With four different climate types and with a number of geographical variations, it has huge potential as a tourist destination.
• Capital appreciation is rising at a steady 20-25% per annum.

• Tivat
Tivat is the newest and smallest municipality in the Bay of Kotor. It did not begin to grow and develop as an urban centre until the end of the nineteenth century.
Altogether it covers about 46 km2 and has a population of about 13.000. The size and youth of this beautiful town in no way reduce its importance. The main airport for the Montenegrin coast is situated within its territory. A place where every year tens of thousands of tourists come from all over the world have their first encounter with Montenegro.
In the town of Tivat itself there are several hotels and good places for entertainment. Don't miss the Gallery in Buco's Summerhouse, and you must drink a coffee on the sea front before setting off to explore the surrounding areas which have so much to offer from mountain hikes, to farmhouse holidays and visits to the islands and the whole seaside experience.
Tivat occupies a very good position, and is near to the Airport, the borders with Croatia and Bosnia & Herzegovina, as well as the other towns in the area, Kotor, Herceg Novi, Budva. It is linked to the ancient town of Kotor by a tunnel under Mt. Vrmac, while those who enjoy beautiful old stone houses and the views of the bay from Tivat to Kotor can take the old road via Lepetane, Stoliv, Prcanj and Muo.
When you cross the border into Montenegro from Croatia or Bosnia & Herzegovina at Debeli Brijeg or Sitnica and then after taking a walk around Herceg Novi you carry on in a southerly direction, take the ferry and disembark at the other side of the bay where you should turn right and after just a few kilometers will find yourself in Tivat. On the other side of Tivat you cross the Grbalj plain and arrive in Budva in just ten minutes.

WHY CHOOSE BLUE LAGUNA BEACH RESORT ?
• 75% mortgage available for UEP Clients only
• 5 Years guaranteed lease back
• 4 weeks free for own use
• No community fees for first 5 years
• Fully furnished to a very high standard - 3 different styles
• Freehold property
• Only 153 apartments in complex
• 25% deposit
• Completion late 2008 - early 2009
• Apartment/hotel with reception area
• 10 minutes from nearest town
• 150 yards from the beach
• 10 minutes from Tivat airport
• Only 2% Stamp duty - all other government taxes included
• Prices from € 198.930

UEPs’ lease back scheme

UEP Payment schedule example

Property Price ………………………………………€245.000
To reserve a property you will first pay
a holding deposit of …………………………………...€3.000

After urban technical conditions have been
issued for the project you will need to pay
the following once your mortgage has been approved:

The balance of 25% deposit …………………………€58.250
Administration fee for purchase procedure
and finance approval for mortgage including the full
legal process 5.5 % on purchase price ………………€13.475

Total payment by purchaser…………………………€74.725

UEPs’ finance offer:

• 75% finance package
• Circa 7.5% variable over 30 years
• 6% yield
• 5 years guaranteed yield
• No maintenance or communal charges for 5 years
  

• · The purchaser may stay in their apartment for 4 weeks per year between the 1st of November to the 1st of April free of charge.
• The purchaser will enjoy 100% of the capital appreciation in their apartment.
• The project will be run as a boutique hotel operation to the highest international standards.
• UEP has the automatic right after each 4 years and 6 months to renew the lease back scheme for a further 5 year contract on each of the apartments on the original terms.
• The purchaser will receive every 6 months the financial performance report on the scheme along with a new valuation on the property.
• If the purchaser at any time wishes to sell their property the sale and transfer documentation must be carried through UEP at a cost of 2% of the sale value.

EXTRAS TO THE PURCHASE PRICE
You will need to budget for an extra 2% in addition to the purchase price.  This covers Government Stamp Duty.

UEPs’ out right purchase scheme

UEP Payment schedule example

Property Price ………………………………………€245.000
To reserve a property you will first pay
a holding deposit of …………………………………...€3.000

After urban technical conditions have been
issued for the project you will need to pay
the following:

The balance of 25% deposit …………………………€58.250

Administration fee for purchase procedure
including the full
legal process 4.5 % on purchase price ………………€11.025

After 6 months from the date of paying
the 25% deposit you must pay a
further 35% of the purchase price ………………….€85.750

On completion of the project you
Must pay the balance of 40% of
the purchase price …………………………………...€98.000

Total payment by purchaser…………………………€256.025

• If the purchaser wishes to rent their apartment to UEP they will receive 50% of the net income received from their apartment.

• Maintenance charge for the first 5 years 90 euros per month
• The project will be run as a boutique hotel operation to the highest international standards
• If the purchaser at any time wishes to sell their property the sale and transfer documentation must be carried through UEP at a cost of 2% of the sale value

EXTRAS TO THE PURCHASE PRICE
You will need to budget for an extra 2% in addition to the purchase price.  This covers Government Stamp Duty.