More than 90% of apartments in the capital are bought for rental, and only 10% are purchased directly for living.
Apartments in Podgorica unlike the coast, Montenegrins buy mostly for investment income. Among them are those who work abroad.
Local realtors also note that the demand for luxury real estate in the capital is increasing. Companies expect housing prices to continue to rise.
According to the Montenegrin statistical agency Monstat, the average cost of apartments in new buildings in Podgorica is 1200 euros per square meter. m
