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The upward trend in Montenegro’s real estate prices is set to continue in 2025. Data shows that apartments are primarily being purchased for investment purposes, rental income, or resale rather than for personal housing needs. Additionally, foreign investments in Montenegro’s real estate sector reached €114 million in the first quarter of 2025, marking a 21% increase compared to the same period last year, confirming sustained strong interest from international investors.

Trends in foreign investment in Montenegro

According to a report published by the Foreign Investors Council in Montenegro: “Foreign direct investments, especially in countries like Montenegro, play a crucial role in driving economic growth and overall development. Their impact is reflected in job creation, increased productivity, and advancements in technological solutions.” The report highlights that over the past three years, Serbia, Russia, and Turkey have emerged as the leading sources of foreign direct investment in Montenegro, primarily through real estate projects. You can read the full report here: https://mfic.me/wp-content/uploads/2025/05/Strane-investicije-u-CG.pdf. 

Average property prices across different regions in Montenegro 

According to data from Monstat, the average price per square meter for newly built apartments in Montenegro was €1,844 in 2024. The highest prices were recorded along the coast, averaging €2,028, while in Podgorica, the price stood at €1,810. In the central region, the average was €945 per square meter, and in the northern region, €1,306. Moving into the first quarter of 2025, property prices continued to rise, with the national average reaching €2,158 per square meter. In Podgorica, the average climbed to €2,066, along the coast to €2,328, in the central region to €1,050, and in the north to €1,209. You can view the full report here.

What do experts predict for real estate prices in 2025?

With demand showing no signs of slowing down, Montenegro’s real estate market is expected to remain stable throughout 2025, with no major price fluctuations on the horizon. According to expert forecasts, property prices will generally follow inflation trends, without sharp increases or significant drops. Montenegro continues to attract real estate investors thanks to its favorable location, low tax rates, straightforward property purchase process, and growing reputation for safety and stability.
Check out our blog to discover the Top 3 most affordable properties currently available through Amfora Real Estate — all in line with the latest market trends. Don’t miss the chance to invest while prices are still competitive!