Property prices in Montenegro are not falling
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The average price per square meter of an apartment in a new house in Montenegro in the third quarter of 2015 was about 1110 euros. Prices for real estate fell by 0.6% compared to the same period last year. These data were published by the Montenegh Montenegrin statistical office.
This year, most apartments in new buildings were sold in Podgorica. In the third quarter, 208 apartments were sold - 10% more than last year.
According to Monstat, the average price per square meter in a new building in Podgorica is 1140 euros, in Budva 1500, in the Bar 1100 and in Niksic 614 euros.
However, published a few days ago, the data of major Montenegrin real estate agencies refute this data. According to them, in Budva you can not buy an apartment cheaper than 2 thousand euros per square, so the data of Monstat can be considered highly underestimated, industry experts believe.
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