Average price of square meter in new buildings in Montenegro EUR 1,110 – Solidarity housing development dwellings bring down value

The average price of dwellings in a new residential building in Montenegro in 2019 was EUR 1,110, a decrease by 0.8% compared with the 2018, as shown by the Monstat data.

The average price of dwellings in a new residential building in Podgorica in 2019 was EUR 1,070.

– In the coastal region, it was EUR 1,400, in the central region it was 663 EUR, while the average price of dwellings in a new residential building in the northern region was EUR 760 – the press release says.

The differences over the years in average prices of dwellings in a new residential buildings significantly depend on the involvement of solidarity housing development dwellings.

– If the share of these dwellings increases, the average price of dwellings in a new residential buildings will be significantly lower, or if this share decreases, the average price will be higher – Monstat explains.

The average market price of dwellings in a new residential building in Montenegro in the category of enterprises in 2019 was EUR 1,191, while in the category of solidarity housing development it was EUR 666 EUR.

Montenegro real estate

price of apartments in Montenegro

price of apartments

new buildings