The cost of construction works in Montenegro last year amounted to 881 million euros, which is 9.9% more than in 2018, according to Monstat. Of the total cost of construction works, companies realized a value of 809.1 million euros, which accounts for a share of 91.8%. In the household sector, a value of 71.9 million euros was realized, or 8.2% of the total cost of construction works, the statement said. Last year, 3.15 thousand apartments with a usable area of 216.97 thousand square meters were completed. The number of residential buildings built by companies amounted to about 1.16 thousand, while in the household sector almost two thousand residential units were built. According to the statistics, the survey included companies with five or more employees in the field of construction, as well as units that perform construction works.
The annual construction activity survey is calculated on the basis of a sample that includes all large and medium-sized companies, while small ones are selected by random sampling, Monstat said
The cost of construction works includes all installed construction materials and completed works.
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