Tuesday, 12th November 2024

Most Expensive Property in Montenegro Sold for Over €10 Million

This year, Montenegro's priciest real estate sale occurred on the coast, with a villa selling for just over €10 million, according to Stefan Mišković, President of the Real Estate Agency Association

Speaking to Televizija Vijesti, Mišković noted that property prices in Montenegro have surged by 70% since the COVID-19 pandemic.

The average price per square meter, according to Monstat’s Q2 statistics, stands at €1,800, though Mišković explained that this figure doesn’t reflect the real state of the coastal market, where prices, except in Ulcinj, rarely drop below €2,000 per square meter. 

Inflation and economic reforms, which are expected to boost incomes and borrowing capacity, are further driving demand in the region.

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