Real-estate investment in Montenegro reached €319.01 million during the first eight months of 2026, increasing by 3.38% year on year and accounting for approximately 50.8% of total foreign direct investment inflows.
Total FDI inflows amounted to €628.05 million, while investment in domestic companies and banks reached €89.06 million, up 31.38% compared with the same period a year earlier. Intercompany debt contributed a further €202.11 million, representing 32.18% of total inflows. Combined, real-estate investment and intercompany financing accounted for the largest portions of foreign capital entering Montenegro.
Investment in domestic companies and banks recorded the strongest annual growth among the three categories, although its total value remained considerably below real-estate investment. Property investment can generate demand for construction, tourism capacity and local services. Purchases of residential property and investment in operating businesses represent different forms of capital allocation, with different implications for business development, exports, innovation and long-term employment.
Despite the increase in gross FDI, net foreign investment declined during the period, while real estate continued to receive the largest share of incoming capital. Investment in domestic companies and banks rose by 31.38% to €89.06 million.
