The small Balkans nation of Montenegro has used the euro as its currency since 2002. 

Montenegro (along with other western Balkans nations including Bosnia and Herzegovina, Serbia, Kosovo, and North Macedonia and Albania) is awaiting admission as an official member of the European Union.

The tiny Balkans nation applied for membership in December 2008, was given candidate status in 2010 and is likely the next nation set to join the European Union. Both public and political support for Montenegro to join the EU is high, it has undergone significant reforms, and the euro has already been adopted.

So, why does the currency of Montenegro matter? What are the potential benefits for investors? 

Are you considering Montenegro for a real estate investment opportunity? Contact Anka to find the best real estate deals.

Once the euro was introduced in Germany in 2002, it also became the currency of Montenegro. In an effort to ensure economic stability and avoid the hyperinflation experienced during past periods of political transition, Montenegro has continued to use the euro as its currency. 

It should be noted, however, that Montenegro is not yet part of the European Monetary Union and has no official ties with the European Central Bank. 

Benefits of the Euro in Montenegro

If Montenegro stays on its current course, it is predicted to join as an EU member by 2025. Montenegro is already part of NATO, uses the euro, and has a fast-growing economy, meaning it is already a stable country. Its present status offers potential long-term property investment opportunities. 

Now may be the best chance to snap up a property bargain before Montenegro joins the EU and real estate prices increase. Thanks to its beautiful Mediterranean coastline and pristine mountains, Montenegro attracts more than two million visitors yearly. Montenegro is a great place to spend part of your year or purchase a holiday rental property, offering luxury living without the price tag that comes with other European nations. 

Montenegro is a country that offers lots of potential for investors. Anka and her team can help you with everything from where to buy or rent to the renovation process.