The residential real estate market in Montenegro in 2025 is showing steady growth due to high demand from foreign investors, limited supply, and positive economic expectations related to the country’s possible accession to the European Union in 2026.
Current market situation
According to the Tranio portal, the average price of apartments in Montenegro is around €3,800 per square meter, and houses are around €3,600 per square meter. However, prices vary significantly depending on the region and type of property.
Coastal regions
Tivat: apartment prices range from €3,500 to €5,500 per square meter, especially in areas adjacent to Porto Montenegro.
Budva: the cost per square meter in new buildings ranges from €3,000 to €4,200, and in finished properties — from €2,800 to €3,800.
Kotor: housing prices range from €2,400 to €3,800 per square meter.
Herceg Novi: the cost per square meter reaches €5,800.
Other regions
Bar: house prices average €1,300 per square meter, making this region more affordable for investors.
Podgorica: in the country’s capital, apartments start at €800 per square meter, and houses start at €1,000 per square meter.
Factors influencing price growth
High demand from foreign investors: Montenegro attracts buyers from Europe, Russia, and the Middle East thanks to its favorable tax policy and attractive geographical location.
Limited supply: The construction of new properties is not keeping pace with growing demand, especially in coastal areas, leading to a housing shortage. Economic growth and prospects for EU accession: Montenegro’s expected accession to the European Union makes the region more stable for long-term investment, which has a positive impact on the real estate market.
Forecast for 2026
Experts predict that real estate prices in Montenegro will continue to rise in 2026. In the most sought-after regions, such as Budva and Tivat, growth could reach 15%. This makes investing in Montenegrin real estate promising, especially given the limited supply and stable demand.
