Podgorica Real Estate Prices Surge: Experts Weigh In

Podgorica Property Prices Soar, Mirroring Coastal Trends Podgorica, Montenegro – Real estate prices in Montenegro's capital are skyrocketing, mirroring trends seen along the country's coast. According to a recent TikTok video by Info🇲🇪, the price per square meter of newly constructed apartments has jumped to €2,666, a substantial increase of nearly €1,550 compared to the end of 2024. This information is supported by data from MONSTAT, the country's statistical office. Stefan Mišković, a real estate agent featured in the video, notes that the situation is similar to the price increases seen on the coast. He states, "The average price in 2024 was €1,844, while in the first quarter of 2025, it reached €2,158." This represents a significant increase, highlighting the strong demand in the market. The influx of foreign investors is another contributing factor. Mile Gujić, from the Association of Construction of the Chamber of Commerce, points out that in the first three months of 2025, foreigners invested €135.5 million in Montenegro, a 21% increase from the previous year. He suggests that this investment is directly correlated with the increased prices. While prices in Podgorica are now nearly on par with those on the coast, the video also notes that the supply of affordable housing is dwindling, and credit interest rates are unfavorable for many Montenegrins. The experts interviewed caution that it is difficult to predict future price trends, but the high demand suggests that prices are likely to remain elevated.