The average price per square meter of a newly built apartment in Montenegro in the first quarter was 2,16 thousand euros, according to Monstat data. Statisticians said that the average price per square meter of a newly built apartment in Podgorica was 2,07 thousand euros, in the coastal region 2,33 thousand euros, in the central region 1,05 thousand euros, and in the north 1,2 thousand euros.
The average price per square meter of an apartment in a new building depends to a significant extent on the share of apartments that belong to the category of solidary housing construction.
"If the participation of these apartments is higher, the average price of an apartment in a new building will be significantly lower, i.e. if the participation is lower, the average price will be higher," the announcement states.
The average price per square meter of a newly built apartment in Montenegro in the corporate category in the first quarter was 2,16 thousand euros, while in the solidarity housing construction category it was 674 euros.
Monstat explained that in the calculation of the average price per square meter of an apartment in a new building, only apartments that were sold for the first time on the market, i.e. for which a sales contract was concluded for the first time, are taken into account.
The object of observation of this research is not apartments of the old housing stock, nor other types of immovable property - business buildings, land and others. The research does not reflect the supply and demand of new apartments on the market, but prices calculated on the basis of concluded sales contracts.
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