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Act quickly in eastern Europe

The emerging property markets in eastern Europe offer great potential, but British prospectors should invest as soon as possible, according to market consultants.

Arlette Adler, spokesperson for the Federation of Overseas Property Developers, Agents and Consultants, said that Croatia and the Czech Republic both offered solid investment prospects, while Montenegro presented some very attractive property options.

The republic declared independence from Serbia in June 2006 and its magnificent architecture was recently on show in the 21st James Bond movie, Casino Royale.

Ms Adler said that the possibilities offered by Montenegro were attracting increasing interest:

"Now there is quite a movement towards Montenegro [Properties] are cheap, now that they have got away from Serbia it's safe and it's beautiful. I think it would be a good proposition - it will blossom into a good proposition."

Foreign interest in Montenegro has also been boosted by the recent news that Chelsea owner Roman Abramovich plans to build a luxury resort on the eight-mile-long Velika Plaza beach.

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