According to the methodology of survey „Prices of dwellings in new residential buildings“ in the calculation of average price per square meter of dwellings in new residential building are taken only dwellings that were sold on the market for the first time, or for which a purchase contract was concluded for the first time. The subject of this survey is neither the existing (old) dwellings, nor other types of real estate: business facilities, land, and others. The survey does not reflect the supply and demand of new dwellings on the market, but the prices calculated on the basis of concluded sales contracts.

The average price per square meter of dwellings in new residential building in Montenegro in fourth quarter 2022 was 1 399 EUR, in Podgorica was 1 477 EUR, in coastal region was 1 387 EUR, in central region 673 EUR, while the average price of dwellings in new residential building in northern region was 1 268 EUR.

The average price of dwellings in new residential building significantly depend on the share of solidarity housing development dwellings. If the share of these dwellings increased, the average price of dwellings in new residential building will be significantly lower, or if this share decreased, the average price will be higher.

This release shows the average price per the square meter of dwelling in new residential building according to the following categories: enterprises (average market price), and solidarity housing development. The average price per square meter of dwellings in new residential building in Montenegro, in category enterprises, in the fourth quarter of 2022 is 1 409 EUR, while in category solidarity housing development is 589 EUR.

Release