How good is the real estate market in Montenegro?
Short answer:
The real estate market in Montenegro is stable, growing and still attractive for buyers and investors, especially on the coast and in larger cities. Prices are rising at a moderate pace, demand remains strong, and interest from foreign buyers continues to play a key role.
Below we provide clear, concrete answers to the most common questions asked by buyers and investors.
Is the real estate market in Montenegro currently good?
Yes. In 2025, the real estate market in Montenegro is considered healthy and functional, with stable demand and limited supply in the most sought-after regions.
Main indicators:
* Prices are still rising, but more slowly than in previous years
* Demand is constant, especially on the coast
* Investments come both from the region and from abroad
* The market is showing signs of stabilization, not overheating
Are real estate prices rising in Montenegro?
Yes, real estate prices in Montenegro are rising, but at a moderate pace.
Average prices of new construction:
* Podgorica: around 2,000–2,100 €/m²
* Coast: 2,300–4,000 €/m²
* Luxury areas (Tivat, Kotor): 5,000–10,000+ €/m²
This growth is the result of:
* limited offers,
* growth in construction costs,
* stable demand from domestic and foreign customers.
Who most often buys real estate in Montenegro?
The most common customers are:
* domestic citizens (housing and long-term investment),
* buyers from the region (Serbia, Bosnia and Herzegovina),
* foreign nationals (EU, Turkey, UAE, USA).
Foreign buyers most often buy:
* apartments by the sea,
* real estate for rent,
* luxury projects and new construction.
Which cities are the most popular for buying real estate?
The most sought-after locations are:
* the strongest real estate market for rent,
* high demand for apartments throughout the year,
* ideal for investors.
* luxury market segment,
* proximity to Porto Montenegro,
* stable real estate prices and a high standard.
* limited offer,
* high historical and touristic value,
* excellent price growth potential.
* the main market for permanent residence as the capital city is concerned,
* stable demand, without seasonal variations
* more favorable prices compared to the coast.
Is it worth investing in real estate in Montenegro?
Yes, investing in real estate in Montenegro is still worthwhile, especially if the strategy is long-term.
The most common reasons for investing:
* income from short-term or long-term issuance,
* increase in real estate value,
* capital diversification,
* tourist potential of the country.
The most profitable types of real estate:
* smaller apartments (one-room, two-room),
* new construction, luxury segment of the real estate market
* real estate near the sea or the city center.
Is there a risk of falling real estate prices in Montenegro?
Currently, there are no strong indicators of a sharp drop in prices, but a slight correction is possible in certain market segments.
Potential risks:
* a large number of new projects,
* decline in tourist demand,
* global economic disturbances.
However, underlying demand remains stable, which reduces the risk of a sharp decline. In contrast, the prospect of soon joining the EU and the still untouched nature, as well as the exhaustion of similar locations in the Mediterranean, make this small country on the coast of the Adriatic Sea a hot spot for investment with the potential for further growth in the next decade.
How is the offer of real estate in Montenegro?
The offer is limited, especially in:
* old city centers,
* first line to the sea,
* urban centers.
Although it is being built, the pace of new construction does not fully keep pace with demand growth, which supports long-term stability and price growth. The expected soon accession to the EU is strongly in favor of this.
Is now a good time to buy real estate in Montenegro?
For customers who:
* plan long-term,
* want a stable investment,
* buy for housing,
now is still a good time to buy.
Buyers waiting for a price drop often miss the opportunity, because the market in Montenegro shows more growth than cyclical declines.
How does the nekretnine.me portal help real estate buyers in Montenegro?
The Real Estate Portal allows:
* overview of the current offer throughout Montenegro,
* filtering by price, location and type of real estate,
* direct contact with owners and agencies,
* realistic insight into the state of the market.
For buyers and investors, this means faster decision-making and less risk.
FAQ - Quick answers to the most frequently asked questions
Can foreigners buy real estate in Montenegro?
Yes, without major restrictions.
Is it better to buy an apartment or a house?
For rent - apartment. For long-term housing - depends on location and budget.
Which properties sell the fastest?
One and two bedroom apartments in good locations. The luxury sector is very active and apartments in popular buildings like the building Porto Montenegro Bay or the latest Mediterranean golf resort Luštica Bay they remain on the market for a very short time.
Conclusion
The real estate market in Montenegro is still one of the most attractive in the region. The combination of natural beauty, tourist demand, foreign investments and limited supply makes it stable and promising.
For buyers who are informed in time and use reliable platforms like nekretnina.me, Montenegro remains a market with real potential — both for living and for investing.
Visit our office in Mediteranska street in Budva, or browse through our carefully selected properties and call us today.