Tenants' movement: In political instability, it is impossible to realize the project "An apartment for all" in Podgorica

"Although the reduction of the price of an apartment to 900 euros per square meter compared to the current 1.763 euros sounds attractive, the question arises as to how this goal will be achieved. The conditions of construction and communal equipment can significantly affect costs, and lowering prices without adequate subsidies can result in a reduction quality of apartments or failure to achieve planned goals"

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Illustration, Photo: Shutterstock
Illustration, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

In the political instability in which the country is, it is simply impossible to realize the project "Stan za sve" in Podgorica, announced today from the Tenant Movement.

They submitted what they said was an analysis of the shortcomings of the "Stan za sve" program in Podgorica.

"In light of the announcement of the launch of the 'Stan za sve' program in Podgorica, which is presented as a key part of the political platform of Mileta Radovanić, the candidate for councilor from the list 'Jakov Milatović - For a better Podgorica', we would like to provide a detailed analysis of this project," he points out. in the announcement of the Tenant Movement.

They added that their purpose is to ensure transparency and to inform the public about possible shortcomings and challenges that this program could face:

1. Unrealistic promises regarding prices

Although the reduction of the apartment price to 900 euros per square meter compared to the current 1.763 euros sounds attractive, the question arises as to how this goal will be achieved. Construction conditions and communal equipment can significantly affect costs, and lowering prices without adequate subsidies can result in a decrease in the quality of apartments or failure to achieve planned goals.

2. Financial viability

The program foresees that the Capital City does not make money from the sale of apartments. However, it is unclear how the costs of construction and utility equipment will be covered, especially if expected sales do not materialize. If the real estate market is not active enough or if not all apartments are sold, there may be problems with the return of invested funds.

3. Dependence on the credit market

The program allows citizens to use apartments as collateral for loans. However, if many citizens are already in an unfavorable financial situation, the possibility of borrowing may be limited, which may reduce the effectiveness of this approach in solving housing problems.

4. Implementation problems

Construction of apartments according to the "design and build" principle can be effective, but it is important that the City has sufficient experience and capacity to manage this process. If adequate resources and expertise are not provided, problems may arise in implementation, which may affect the quality and timelines of construction.

5. Politicization of the project

The "Housing for All" program can be used as a political tool, which can lead to manipulations and superficial problem solving in order to achieve political points, instead of real and long-term solutions.

6. Possibility of abuse

The lack of transparency in the implementation of the program can open the way for abuses or corruption. It is crucial that the program is adequately monitored to ensure proper implementation and equity in housing allocation.

7. Impact on the real estate market

A radical reduction in prices may disrupt the existing real estate market in Podgorica, which may have negative consequences for current property owners and investors, as well as for the stability of the market as a whole.

8. Legal and administrative challenges

The program may run into legal and administrative hurdles, particularly with regard to city land, building regulations, and real estate sales regulations. These obstacles can make it difficult or slow down the implementation of the program.

9. Sustainability and long-term effects

While the program may provide short-term solutions, without a long-term strategy to maintain and expand housing options, housing problems may reoccur.

Conclusion

The "Housing for All" program has ambitious goals, but it is important to recognize the significant shortcomings and challenges that may arise. In the political instability in which the country is, it is simply impossible to realize such a project.

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