As a Montenegrin Economy grows, foreignes started to rapidly buy Montenegro properties. The montenegro real estate market has especialy intensified after the Montenegro independance proclamation. A Belgrade based Economyst says that across the whole Montenegro coast a russian willages are built up, especially around Sveti Stefan. Those are mostly luxury villas. It can't be said exactly how many Russians and other foreigners had bought land and homes on Montenegro coast. Property prices are changing each day, a square meter of land can be bought from 300 to 600 euro and house or flat from 1000 to 4000 or more. Buying procedure is very simple in Montenegro and there is no legal difference between Montenegro citizens and foreigners. Current legislation alows only foreign companies to buy land in Montenegro, however a new law which is due to be voted in