The average price per square meter of an apartment in a new building in Montenegro in the second quarter was EUR 1,500. That is almost 12% more compared to the first quarter, when a square meter in a new building cost EUR 1,341 on average.
Apartments are still the most expensive in Podgorica, where the price per square meter in a new building was EUR 1,581.
– In the coastal region, apartments cost EUR 1,413, in the central region, EUR 714, while in the northern region, the average price per square meter of an apartment in a new building was EUR 1,280 – said Monstat.
The average price per square meter of an apartment in a new building depends to a significant extent on the share of apartments that belong to the category of joint housing construction.
– If the share of these apartments is higher, the average price of an apartment in a new building will be significantly lower, that is, if the share is less, the average price will be higher – explained Monstat.
They add that the announcement shows the average prices per square meter of an apartment in a new building according to the categories of companies, that is, the average market price and solidary housing construction.
– The average market price per square meter of an apartment in a new building in the second quarter was EUR 1,502, while in the category of solidary housing construction it was EUR 589 – the announcement reads.
Monstat indicated that according to the methodology of researching the prices of apartments in new buildings, only apartments that were sold for the first time on the market, i.e. for which a sales contract was concluded for the first time, are taken into account in the calculation of the average price per square meter of an apartment in a new building.
– The object of observation of this research is not the apartments of the old housing stock, nor other types of immovable property: business buildings, land and others. The research does not reflect the supply and demand of new apartments on the market, but prices calculated on the basis of concluded sales contracts – they stated.
