The number of transactions declined due to the pandemic. However, demand in the market remains, and housing prices are generally staying at the same level.View all listings in Herceg Novi.The most in-demand properties are apartments by the sea and in the city center, houses with a view of the bay, urbanized plots with the necessary engineering infrastructure, and views of the Adriatic.
Apartment prices on the first line range from 1,700 to 2,700 euros per sq. m. In the Topla-2 area, properties are offered at prices from 1,300 to 1,700 euros per sq. m. In new developments by the sea in the villages of Đenovići and Kumbor, apartments cost from 1,450 to 2,500 euros per sq. m.
The price per square meter in houses on the waterfront in Igalo is estimated at 2,500 euros. The cost of apartments in the Gomila area is around 1,000 euros per sq. m.Source.