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Overview of the housing market in Montenegro for 2022

Market situation by the end of 2022

The average price per square meter of an apartment in a new building in Montenegro in the third quarter of last year was 1,446 euros, which is 20 percent higher than in the same period in 2021, and 30 percent higher than the average in the 2020 crisis. The reasons for the increase in prices were a large jump in prices for building materials and energy throughout the European market, an increase in demand due to the arrival of a large number of buyers from Russia and Ukraine, as well as increased interest from domestic buyers due to increased wages and approved housing loans.

During the period from January to October last year, foreign citizens and companies invested 369 million euros in the purchase of real estate, which is significantly more compared to the pre-crisis 2019, when they invested 178 million euros in Montenegrin real estate. Most of these real estate investments by foreigners were made under the economic citizenship program, which is not included in the average apartment prices calculated by Monstat, but there has also been an increased interest of foreigners in buying and renting apartments outside of this program. From December 31, 2022, the government has suspended further acceptance of applications for economic citizenship due to the requirements and conditions of the European Union.


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Inexpensive car rental in Tivat

No one will argue with the fact that Montenegro is an incredibly beautiful country. There really is something to see here. Sights, landscapes and breathtakingly beautiful places are literally at every turn. But sometimes, in order to get to know the country better and have time to see as much as possible, you need to rent a car. This way you will be independent in your movements and save yourself a lot of time!

Welcome to the leading resource that specializes in online booking of passenger cars. By renting a car in Tivat (Montenegro) through this site at low prices, you save up to 50% compared to the rental cost upon arrival in the country. And even more so when arriving in the low season! We have collected for you the most profitable car rental options at Tivat airport.

Here are offers from more than 15 trusted local companies! More than 550 cars of different brands and classes! Special software allows you to process all current offers in real time, as well as compare prices for car rental in Tivat and throughout Montenegro. With our service you can book a suitable car in Tivat or any other city in Montenegro quickly, easily and inexpensively!

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Overview of the real estate market in Montenegro

Montenegro has been and remains one of the favorite holiday destinations for tourists from the countries of the former USSR. Visa-free regime, relatively low cost and duration of the flight, delicious food, similar mentality – all this provides a fairly powerful flow of tourists from Russia, Ukraine, Belarus, Kazakhstan. There are many who, having visited this country once or several times, decide to stay for temporary residence.

To date, real estate prices in Montenegro are quite comparable with prices, for example, in Ukraine and are decently lower than in large Russian cities. And this is of interest both to investors and ordinary families who are looking for their place under the warm sun or who want to have a summer house by the sea. Often, elderly people who decide to invest their accumulated savings in real estate or live on the Adriatic coast also buy an apartment in Montenegro.

The most “delicious” and desired property is, of course, a house with a garden plot. Preferably as close to the sea as possible. But, let’s compare the desired with the possible, very often the buyer opts for apartments in large or small apartment buildings.


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