Montenegro’s average price for a newly sold apartment reached 2,557 euros per square metre in the second quarter of 2026, approximately 16.2% above its year-earlier level, according to official data from MONSTAT, the country’s statistics office. The figures record prices achieved in first-sale transactions, giving developers and investors a measure of completed sales but not a guarantee of future selling prices.
The coastal region had the highest average, at 2,838 euros per square metre, around 21.6% above a year earlier. Podgorica averaged 2,510 euros per square metre, while the central region recorded 2,131 euros and the north 2,145 euros. The regional differences reflect a market segmented by location, investor interest and use.
The statistic covers apartments sold for the first time in new residential buildings under signed contracts. It does not measure asking prices, resales, land prices or the full housing stock. Average prices can also shift with the number and mix of transactions and the share of social or solidarity housing. Quarterly movements can be volatile in inland regions, where transaction numbers are small.
Properties bought to meet tourist demand can behave differently from permanent homes purchased using domestic household income and mortgages. For developers, project feasibility also depends on cost inflation, land acquisition, construction finance, permitting and presales. The reported transaction prices do not establish what developers will achieve in future sales.
Rising valuations can improve banks’ collateral coverage during a boom, but may increase their exposure if prices correct. As of 4 November 2026, the latest confirmed national new-build price release reviewed was the second-quarter dataset; a third-quarter figure should not be assumed before publication.
