Housing in new homes has risen in price by an average of 8%
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Despite numerous reports on the fall in demand for housing in Montenegro, the price of the primary real estate market is steadily growing. According to the statistical agency Monstat, the prices for new apartments on the coast are growing substantially: at the end of last year, the price of 1 square meter in Budva for the quarter grew by almost 9% to 1,190 euros, and the average price increase was fixed at 1114 euro per square .m.
Of the general trend, Podgorica and Niksic are being beaten out - there is a slight decline in house prices. In the capital for the last quarter of last year, the average price per square meter in the new apartment fell from 1140 to 1119 euros, and in Niksic - from 614 to 579 euros. Nevertheless, Podgorica remains the leader in the number of apartments sold - in the last 3 months of 2015, 198 lucky buyers noted the housewarming.
The overall picture remains at the level of the year before last, which may mean a slight stagnation in the private real estate market.
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