Developers in selected parts of Montenegro have raised apartment asking prices by 100-200 euros per square metre, while some have withheld homes or delayed sales in anticipation of stronger demand linked to the government’s proposed Euro Model wage reforms, according to Stefan Mišković, president of Montenegro’s association of real estate agencies. His account indicates that expectations of higher household incomes are influencing pricing before the proposed changes take effect.
Mišković said several developers had temporarily suspended sales of portions of their residential inventory or delayed bringing apartments to market until early 2027. The reported increases concern selected developments, not a verified national average or a measure of completed transaction-price growth. For a hypothetical 70-square-metre apartment, a rise of 100-200 euros per square metre would add 7,000-14,000 euros to the asking price.
Expectations around the wage reforms are creating uncertainty over both demand and supply. Potential buyers may bring purchases forward to avoid anticipated price increases, while sellers may delay transactions if they expect prices to strengthen in coming months. That behaviour could temporarily reduce the effective supply of apartments available to buy.
Montenegro’s central bank plans to introduce limits on housing loan repayments and mortgage loan-to-value ratios from January 2027. The new lending rules could constrain some buyers’ ability to finance purchases, with the impact potentially varying across income groups and property markets.
Households with substantial savings may be less affected by the limits, while buyers reliant on high loan-to-value mortgages could face tighter financing constraints. Developers risk finding that higher asking prices do not lead to completed sales if credit availability and household affordability fail to keep pace. The reported adjustments remain an early market signal, not conclusive evidence of a nationwide acceleration in property inflation.
