Real estate prices are rising rapidly and demand remains high, which are clear signals that there is great interest and intense activity in the market. According to Tanja Pejanović, company founders Team Real Estate i STP Partners, with activity and expertise in the field of real estate sales and investments, this dynamism refers not only to the attractiveness of locations, but also to the specific needs of clients and the high standards of service that clients require.
"Our vision always rests on experience, trust and precision. The client is at the center of everything we do, and our goal is always to do what is best for him, ensuring that he is maximally satisfied throughout the entire process," Pejanović points out. These companies manage the entire process of buying or selling real estate for their clients — from initial analysis and claims, through legal and contractual issues, all the way to notarization, providing a unique, turnkey service. "The most important thing is to maintain contact with people and ensure that clients are satisfied. That is the essence of our work," says Pejanović.
Demand drives price growth
Recently, the speed of growth of real estate prices in Montenegro has become evident. "Demand continues to grow, which after all shows the trend of rising prices in the real estate sector, while real purchases are confirmed by transactions within our portfolio," emphasizes Pejanović. Although the Montenegrin coast was completely dominant before, recently Podgorica has positioned itself as the most active market. Our capital is becoming an increasingly attractive destination thanks to better urban facilities, international schools and a convenient geographical position. "Many foreign investors and residents choose Podgorica to live, and that is no accident. The city has a lot to offer, and it is also well connected to all parts of the country and beyond," explains Pejanović.
New dynamics on the market, investments and the impact of the country's approach to the EU
The approximation of Montenegro to the European Union also plays a key role in stimulating the real estate market. Investors increasingly recognize this country as a safe place to invest. "Membership in the EU brings a regulated market and greater security for everyone who is thinking about redirecting their investments to Montenegro. This is an important factor in decision-making," explains Pejanović.
With the growth of the market comes more competition among construction investors. Pejanović notes that this is a positive phenomenon: "Now investors are fighting among themselves for buyers by offering better construction qualities and additional amenities." Despite this, the awareness of sustainability in construction has not yet fully taken root, although Pejanović sees it becoming an issue. of importance to customers. "I believe that we are yet to see that wave of thinking about sustainability and energy efficiency of space, which is already a standard in the European Union," she says.
Difference in approach and interests among customers
And while Budva, Bar and Herceg Novi are still attractive destinations, the coast is generally a bit calmer than it was in previous years. In Podgorica and Tivat, on the other hand, the dynamics are particularly pronounced, which creates ideal conditions for further investments and market development. An interesting phenomenon on the market is the difference in the approach of the local population and foreigners. Foreigners usually rent real estate, while domestic buyers increasingly see an opportunity to make money through buying. "Domestic buyers see real estate as a safe investment, especially because of the stable price growth," concludes Pejanović.
For more information on real estate investment or purchase opportunities, call us at +382 67 796 966 or +382 67 177 966. Our team of experts at Team Real Estate and STP Partners will be happy to provide you with comprehensive support and answer all your questions, needs and requirements.
( Team Real Estate )
