The fall in prices for Budva new buildings
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Contrary to the opinion of the global increase in prices for primary real estate in Montenegro, there are regions where housing in new buildings is losing ground. According to the statistical agency Monstat, most of all lost value in real estate in Budva - over the past year the average price per square meter in the new house fell by 20% - from 1,594 euros to 1,270 euros. Despite the fact that there is a certain rise in price of housing for the rest of the cities (in the Bar for the year, prices for a square meter of primary real estate rose by 15%, and in Niksic - by 6%), compared to 2011, the average price of real estate in the country is strong fell - now a square meter in the country is estimated slightly more than 1000 euros, whereas 4 years ago it was necessary to lay out more than 1300 euros for it. The decline of about 20% can be explained by the decline in demand for new buildings and the development of the secondary real estate market. By the way, most of all new apartments in the past year were sold in Podgorica, and this figure barely reaches 700.
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