The average price per square meter of a newly built apartment in Montenegro in the third quarter was EUR 1.64 thousand, Monstat data showed.
Statisticians said that the average price per square meter of a newly built apartment in Podgorica was EUR 1.7 thousand, in the coastal region EUR 1.58 thousand, in the central region EUR 662, and in the northern region EUR 1.29 thousand.
“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,” the announcement states.
The average price per square meter of an apartment in a new building in Montenegro in the category of companies in the third quarter was 1.65 thousand EUR, while in the category of solidary housing construction it was 589 EUR.
Monstat explained that in the calculation of the average price per square meter of an apartment in a new building, only apartments that were sold for the first time on the market, that is, for which a sales contract was concluded for the first time, are taken into account.
The object of observation of this research is not the apartments of the old housing stock, nor other types of real estate – business buildings, land, etc. 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.
