Prices for new buildings in Montenegro began to rise

Home prices began to rise in Montenegro

The average price per square meter of a new building in Montenegro in the second quarter of 2021 (April, May and June) was 1 euros, according to the statistical office. Monstate.

In the same period of 2020, the price was 1119 euros per square meter. That is, in a year price of an average square meter in the new building rose by 123 euros or 11 percent. The price is now higher compared to the same quarter of 2019, when the average apartment area was 1206 euros.

In Podgorica, a year ago, the average cost per square meter of an apartment in a new building under commercial conditions was 1153, and now it is 1236, which is seven percent more. On the coast, the price per square meter in the same category has increased from 1229 to 1298 euros, or by five percent.

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