While apartment prices in Montenegro continue to rise, the difference between Podgorica and the coast is almost nonexistent.
Experts do not expect prices to drop anytime soon because demand for apartments remains high.
On the other hand, more and more Montenegrin citizens are left without a realistic chance to solve their housing issue.
Without deep pockets, you'll hardly be able to buy a studio apartment in Podgorica. The price per square meter of a new apartment in the capital city jumped to 2.066 euros in the first quarter of this year, which is almost 150 euros more than at the end of 2024, according to Monstat data.
This trend is also being followed by other Montenegrin cities.
"When we talk about Montenegro, the situation was roughly similar when it comes to this growth. The average price in 2024 was 1844 euros, while in the first quarter of 2025 it was 2158 euros, which also tells us that these prices grew at a level of almost 10%," pointed out Stefan Mišković, a real estate agent.
Although prices are skyrocketing, demand for apartments is not waning, and there are several reasons for this, explained by interviewees at Television Vijesti.
"With the growth of the general average salary in Montenegro in the past period, which enabled a large number of those who were not creditworthy until now to obtain this opportunity, a large number of credit buyers appeared, which created additional pressure on the market," said Mišković.
"Significant inflow of foreign investments. In the first three months of this year, foreigners invested 113,5 million euros in Montenegro, which is an increase of 21% compared to last year," said Mile Gujić, from the Construction Association of the Chamber of Commerce.
While apartments on the coast used to be significantly more expensive, today prices on the coast and in Podgorica have almost equalized.
At the beginning of this year, the average price of an apartment in new buildings was 2.328 euros, which is about 250 euros more than in the capital.
"There has been a huge demand for apartments in Podgorica. Primorje has not followed suit to that extent. Now, when we compare statistical data, it seems that it is very close," said Mišković.
Mišković and Gujić say that at this moment it is difficult to predict how prices will move, but also to advise citizens whether now is a good time to buy an apartment.
"What we can notice on the ground is that demand is still high, and supply is not keeping up with demand, which is consequently leading to price increases," said Mišković.
"The price has increased in the last few years. So since 2019, the price of apartments has increased by more than 50%. If we rely on such a conclusion, then it is better to buy a property as soon as possible. Of course, it depends on a number of factors, on the possibilities," said Gujić.
And for a large number of Montenegrin citizens, these factors are not working in their favor: there are fewer and fewer available, quality apartments, the prices per square meter are increasing, loan interest rates are becoming more unfavorable, and their balance, as things stand, is not even enough for a parking space, let alone an apartment.
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