Q1 apartment prices fall in Montenegro

The average price per square meter of a new apartment in Podgorica, Montenegro in Q1 2020 was €865, though there are significant regional differences. Units found along the coastal regions are going for €1,363 per sqm, while those in the central region fetch just €641. The price rises in the northern region where the average price per square meter in a new building was €793.

Average prices in Montenegro differ depending on what share of the new construction is built for social solidarity, as more private construction results in higher average prices. The average price per square meter of a new apartment built for the private sector in Montenegro during Q1 of 2020 was €1,213, while social solidarity housing flats go for just €614.