Portugal is the safe, well-lit room in this series. Mexico is the yield play with the tax paperwork to prove it. Montenegro is the one I keep coming back to because the numbers still look like 2015-Portugal — and almost nobody in Canada is looking at it yet.

Here’s the pitch in one line: a euro-denominated Adriatic coastline, zero foreign-ownership restrictions, a frontrunner spot in the EU accession queue, and price-per-square-metre figures that are still a third to a half of comparable Croatian or Italian coastline twenty minutes away by car. That combination doesn’t last forever. It’s exactly the kind of window this series exists to flag.