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Podgorica’s Property Market Soars with Over 40% Price Increase in Two Years

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Apartment prices in Podgorica have surged by over 40% in just two years, according to a report by Pobjeda. The average price per square meter for a one-bedroom apartment now stands at €1,720, compared to €1,360 in the same period last year and €1,200 in 2021.

“The boom that began in the second half of last year has continued to ascend, reaching record levels in this year’s third quarter. High demand coupled with inflation and an influx of foreign capital have contributed to this dramatic spike in apartment prices,” said real estate market analyst Darko Đikanović in an interview with Pobjeda.

Đikanović also pointed out that monitoring market trends in Montenegro is challenging due to the lack of public registries and official reports on real estate prices, unlike neighboring countries where such information is publicly accessible.

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Jakov Milatović, President of Montenegro

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According to Montenegro’s statistical agency Monstat, the average price for newly built apartments in the country is €1,500 per square meter, a 9% increase from the same period last year.

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