The real estate market in Montenegro continues to show steady price growth, and according to analysts, a significant drop in the cost per square meter is not expected in the near future. The main reason for this is strong demand, which significantly exceeds supply. This creates favorable conditions for sellers and developers.
Current housing prices in Montenegro
According to official data, in 2023 the average property price increased by about 100 euros and reached 1,850 euros per square meter. However, as noted byVyacheslav Maevsky, founder of the real estate agencyMD Realty, the average cost often differs from official information.Maevsky notes that there may be isolated listings on the market with lower prices, but they are often related tolegal or technical issues— for example, incorrect documentation or defects in the property itself.
Market analystJovan Rabrenovicalso believes that the real cost of housing is higher:- InPodgorica, it is difficult to find housing cheaper than 1,900 euros per square meter, while new ready-to-move-in apartments are already selling for 2,500 euros and above.
- InKolašin, the price per square meter has reached 2,500 euros, which indicates price growth even in regions that were previously considered affordable for buyers.
- On the coast, especially in the prestigious areas ofTivat,BudvaandHerceg Novi, demand remains consistently high, which also affects price growth.