Montenegro: strong tourist growth has not yet fed through into house prices
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Tourism is what drives Montenegro´s economy.
From 2011 to 2015, the tourism sector grew by an average of 6.4% annually, and in 2015, total tourist arrivals rose by 12.9% y-o-y to about 1.71 million people, according to the Statistical Office of Montenegro. Then during the first seven months of 2016, tourist arrivals increased 3.8% to 864,090 people from the same period last year.
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