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According to Fitch Ratings, an agency specializing in economic analysis and assessments, real estate prices are expected to rise in most European countries over the next two years. The largest price increase is expected in the Netherlands. Supply still cannot keep up with demand, which is a consequence of rising wages, creating greater purchasing power and increasing interest in real estate.
What is the situation with real estate prices in Montenegro compared to other countries of the former Yugoslavia, and which European countries are seeing the highest price increases? Read more below.

Real estate market in Montenegro and other countries of the former Yugoslavia

Residents of Croatia and Slovenia can most easily get an apartment between 40 and 65 square meters, taking into account their average earnings. For real estate in Montenegro, according to the current average net salary, which according to the data of the Directorate of Statistics at the level of 2024 was €876.00, a longer period of savings is required. Despite this, the demand for real estate is still high, which is especially interesting if we take into account the current prices of square meters, especially on the coast and in Podgorica. This is also supported by the information of the Central Bank, that in 2023 and 2024 the inflow of foreign investments was around half a million euros, of which €237,000 was invested in the real estate sector.
Read more information about real estate prices in Montenegro in our blog.
When it comes to Serbia, where the average salary is somewhat lower compared to Montenegro, real estate prices are still constantly rising, especially in Belgrade, where the demand is the highest. It was recently announced that the price per square meter of the most expensive apartment in Belgrade reached a record €11,800.
Bosnia and Herzegovina is not lagging behind in terms of real estate prices either, demand significantly exceeds supply, and according to experts' predictions, their further growth is expected in 2025.

What can be expected on the European real estate market in 2025

We have already mentioned that the growth of real estate prices on the European market will be the highest in the Netherlands, but price increases are also expected in Spain and Germany. The real estate market in Denmark will be stable, and the only surprise will be France, where prices are expected to fall due to political instability, according to Euronews. The demand for real estate in Europe is high, due to the fact that the population is constantly growing, and the governments of many countries have launched a program to support buyers who buy real estate for the first time. You can read more at the link: https://www.euronews.com/business/2024/12/31/where-in-europe-are-house-prices-are-going-to-rise-the-most-in-2025. 

The real estate market is dynamic, changes are conditioned by various economic and demographic factors, but if you need any advice, information or simply a consultation, contact Amfora Real Estate because we are the safe address for all your questions!