In the first quarter of 2025, foreigners purchased €113.5 million worth of real estate in Montenegro (-21% year-on-year), with citizens and companies from Serbia, Turkey, and the US being the largest buyers, according to data from the Central Bank of Montenegro (CBCG) published by Vijesti.
Ukrainian citizens ranked 11th, along with buyers from Poland and the Czech Republic.
Ranking of countries by purchase volume, Q1’2025
Outside the top ten, Ukraine, Poland, and the Czech Republic are in 11th place (€2.3 million each), followed by Bosnia and Herzegovina (€1.9 million), Canada, and France (€1.4 million each). The geography of the deals covers buyers “from five continents,” the source notes.
According to CBCG, in January-March 2025, the total inflow of FDI into Montenegro amounted to €211 million, of which 54% was accounted for by real estate purchases. Other forms of FDI (investments in companies/banks, intra-group loans) declined. Monstat records a steady increase in prices for new buildings: the average price exceeded €2,000/m²; the coastal region remains the most expensive.
The rating is based on the value of transactions concluded in Q1’2025 according to official statistics from the Central Bank of Montenegro (CBCG) published in Vijesti; the countries and amounts are given in euros. The final annual results are usually published by the CBCG in consolidated reports.
Source: https://t.me/relocationrs/1340
