The real estate market in Montenegro has transformed significantly over the last decade, moving from a quiet Adriatic destination to one of the most attractive places for investment in Europe. With a stunning coastline, investor-friendly laws, competitive prices and strong tourism growth, Montenegro continues to attract buyers from across the EU, the Middle East and other parts of the world.

Entering the year 2026, the real estate market in Montenegro is entering a new phase shaped by infrastructure projects, foreign investors and increased demand for modern residential and multi-functional projects. Regardless of whether you are thinking about buying an apartment, investing in real estate for rent, or planning to move to the Adriatic, below we provide a detailed overview of real estate market trends in Montenegro for 2026 — and what every buyer should know.

1. Real estate prices in Montenegro continue to rise — but remain competitive in the region

Real estate prices in Montenegro are recording stable growth, especially in Budva, Tivat i Bay of Kotor. Expectations for 2026 show continued growth, but at a slightly more moderate pace than in previous years.

The main reasons for the price increase:

• high demand for real estate on the coast
• limited offer in premium zones such as Dobrota, Prčanja, Sveti Stefan and Petrovac
• growing interest in digital nomads and remote workers
• more and more buyers from the EU
• increase in construction prices and land values

Compared to Croatia, Italy or Slovenia, Montenegro remains significantly more affordable, which makes it one of the most attractive investment options on the Adriatic.

2. Tivat and Luštica continue to lead the luxury segment

Tivat has been synonymous with luxury for years thanks to Porto Montenegro — the largest and most prestigious marina in the country. In the last few years, the new residential zones in Donja Lastva, Mrcevac and Kava have attracted an even greater number of buyers looking for high-quality real estate.

What is most in demand in 2026:

• luxury apartments on the coast
• modern architecture, lots of light and panoramic views
• smart systems and concierge services
• excellent profitability through short-term rental

Lustica Bay continues its development and remains one of the most desirable projects for foreign buyers. With new neighborhoods, hotels and amenities, further growth in demand is expected.

3. Growing popularity of inland cities: Podgorica, Danilovgrad, Nikšić

Although the coast is still the main focus of investors, the interior of Montenegro is experiencing increasing interest.

Podgorica

Podgorica, the capital of Montenegro is developing rapidly, and neighborhoods like Zabjela, City Kvarta, Stari Aerodrom and Capital Plaza zone offer a variety of opportunities for buyers looking for modern apartments or stable long-term rentals.

Danilovgrad and Niksic

They attract customers because:

• affordable prices
• large plots
• near Podgorica
• better infrastructure

In 2026, the demand for family houses and land for construction is expected to grow.

4. New construction and modern standards become a priority

Buyers today are increasingly looking for new construction and apartments that offer:

• elevator and private parking space
• energy efficiency
• quality insulation
• modern design and smart systems
• security offered by reception and/or security
• proximity to the sea, shopping centers or main roads

That is why more and more modern buildings with design and quality aligned with European standards are being built all over Montenegro.

5. Short-term rental remains extremely profitable in 2026

Tourism in Montenegro is constantly growing, so renting is still one of the most profitable types of investment.

Why renting is a great investment:

• a large number of tourists throughout the year
• popularity of the Airbnb model
• heavy traffic in Tivat due to the marina
• demand from digital nomads and expats
• Montenegro is becoming a destination for a second home

Properties with a view of the sea or close to the beach generate the highest income.

6. Foreign buyers still have a lot of influence

The largest number of foreign buyers come from:

• Germany and Austria
• United Arab Emirates
• Turkey
• Poland
• Russia and Ukraine
• France
• USA

They are attracted by the stable market, climate, security and simple purchase procedure, because Montenegro offers the same ownership rights to foreigners as to domestic buyers.

7. The construction of infrastructure encourages the growth of real estate values

Large infrastructure projects significantly affect the growth of real estate prices.

Most important projects:

• continuation of the construction of the Bar-Boljare highway
• reconstruction of roads on the coast
• new airline lines to Podgorica and Tivat
• new shopping centers and business complexes
• improvement of communal infrastructure

Thanks to these development projects, many areas that were previously less interesting are now gaining value.

8. Increased interest in eco-projects

Eco, energy efficient and sustainable projects are becoming more and more in demand.

The most popular are:

• solar solutions
• natural materials
• passive houses
• green terraces and gardens
• close to nature, pedestrian and mountain areas

The most interest is recorded in Luštica, in the hinterland of Herceg Novi, Risno, Morinje, and in the hilly and mountainous areas of Bar and Sutomore.

9. Buying land is becoming a top investment in Montenegro

Due to rising prices in urban areas, more and more investors are turning to buying land — especially in Bar, Tivat, the hinterland of Kotor, Ulcinj and Paštrovići.

Advantages of investing in land:

• lower starting price
• construction flexibility
• great potential for value growth
• the possibility of developing tourist or residential projects

As building regulations evolve, land near infrastructure will grow in particular.

10. What should customers expect in 2026?

Continued price growth

Especially on the coast and in modern urban areas.

Focus on new construction and modern solutions

Better insulation, energy efficiency and quality.

Stable profitability through rent

Ideal for Tivat, Budva and Kotor.

Growing importance of inner cities

More favorable prices and excellent growth potential.

Foreign buyers are still the main drivers

The market remains attractive to international investors.

Conclusion

The real estate market in Montenegro in 2026 brings stable opportunities, safe growth and excellent opportunities for both investors and buyers. Whether you want an apartment for rent, a luxury home on the coast, a family home in Podgorica or land for a future project, Montenegro remains one of the most promising markets on the Adriatic.

The rise of new projects, the progress of infrastructure and the constant demand of foreign buyers make 2026 an excellent year for researching real estate offers throughout Montenegro.