The real estate market on the Montenegrin coast remains highly dynamic, with property prices continuing to rise, especially in prime coastal cities.
According to real estate agent Mirko Vujović, speaking on Bojama jutra on TV Vijesti, the most sought-after locations are Budva, Kotor, and Tivat. Luxury developments such as Porto Montenegro, Porto Novi, Luštica Bay, and Dukley Gardens command the highest prices, reaching up to €12,000 per square meter.
In Budva’s Rozino neighborhood, for example, prices have risen from €2,950 per m² in 2023 to €3,200–€3,250 in 2024, depending on features and location. Vujović anticipates a continued gradual increase in prices, with a notable spike expected around 2028 when Montenegro is projected to join the European Union.
Ulcinj and Bar remain the most affordable coastal towns, with average prices around €2,500 per m².
Rental prices have stabilized: studio apartments rent for €350–€450 per month, one-bedroom units for €500–€600, and three-bedroom apartments for over €1,000. Most rental agreements are notarized and respected even during the tourist season.
Buyers come from all over the world—including the U.S., Canada, Germany, Poland, and Turkey—though the Western Balkans region remains a traditional source of interest. Foreign buyers typically purchase for rental income or seasonal use, while domestic buyers focus on primary housing or investment.
