Category: Economic statistics
Area: Construction
Survey / data collection: Prices of dwellings in new residential buildings

MONSTAT metadata
Reference metadata
  1. Contact
  2. Metadata update
  3. Statistical presentation
  4. Unit of measure
  5. Reference period
  6. Institutional mandate
  7. Confidentiality
  8. Release policy
  9. Frequency of dissemination
10. Accessibility and clarity
11. Quality management
12. Relevance
13. Accuracy and reliability
14. Timeliness and punctuality
15. Coherence and Comparability
17. Data revision
18. Statistical processing
19. Comment

Note: For any question on metadata, please contact MONSTAT metadata support.

                                                                                     1. Contact                                                                           Vrh
1.1. Contact organization: Statistical Office of Montenegro - MONSTAT
1.2. Contact organization unit: Department for Short-term Indicators
1.2. Contact organization unit: IV Proleterske 2, 81000 Podgorica, Montenegro

                                                                                      2. Metadata update                                                                       Top
2.1. Metadata last certified:17 November 2023
2.2. Metadata last posted:29 December 2023
2.3. Metadata last update:17 November 2023

                                                                                3. Statistical presentation                                                                  Top
3.1. Data description:The aim of survey is to collect the data necessary for the calculation of average price of square metre of dwelling in new building, that refer to dwellings sold in residential buildings at the territory of Montenegro, pursuant to concluded sale contract with investor, and that produces contractual obligation. An average price of squared metre of dwelling in new building includes dwellings sold by enterprises as well as dwellings sold by solidarity residential construction.
3.2. Classification system:NACE Rev.2
3.3. Sector coverage:The address book of reporting units on prices of dwellings in new residential buildings are: - enterprises which are registered in sector F ? Construction (area 41, 42, 43) according to the classification NACE Rev.2 and - enterprises (KAU) which are not registered in sector F, but whose local units perform the construction works.
3.4. Statistical concepts and
This survey collects the information about the price per 1m? of usable area in Euro which is included: - The price for arranging construction land includes the following elements: purchase of land, demolition, the displacement of the occupants, preparation of detailed urban plans and projects, the field testing, the works on recovery, the works for environmental protection and protection of cultural monuments, arrangement of the area around the building, utility equipping of land which include the costs for constructing a primary and secondary network for electricity, water, sewer, phone and etc. - The price of construction works includes the costs for construction, craftsmanship and finishing works, installation works on buildings and dwellings, equipments for buildings and dwellings. - Other costs such as a contributions and taxes for connections to the electricity grid and other communal facilities, the cost of expert services which organizes and supervises the construction, interest on loans and advances, taxes for obtaining the permits, VAT, the cost for projecting of the building, etc.
3.5. Statistical unit:The reporting units are enterprises which are sell the dwellings, investors.
3.6. Statistical population:The prices of dwellings in new residential building, as a subject of this survey, have to covered for all sold dwellings in the residential buildings on the territory of Montenegro for which is concluded a contract of sales and which produces an obligation relations.
3.7. Reference area:The whole territory of Montenegro. The average price per the square meter of dwelling in a new residential building is published according to the following territorial categories: Montenegro; The capital city of Podgorica; Coastal region: Bar, Budva, Herceg Novi, Kotor, Tivat and Ulcinj; Central region: Cetinje, Danilovgrad, Nik?i?, Tuzi and Zeta; Northern region: Andrijevica, Berane, Bijelo Polje, Gusinje, Kola?in, Mojkovac, Petnjica, Plav, Pljevlja, Plu?ine, Ro?aje, ?avnik and ?abljak.
3.8. Time coverage:The data about prices of dwellings in new residential buildings are available since 2006
3.9. Base period:Reference period.

                                                                                      4. Unit of measure                                                                        Top
The values are expressed in Euro.

                                                                                     5. Reference period                                                                       Top
Since 2011 this survey is quarterly carried out in order to be cimpliant with the EU regulations.

                                                                                  6. Institutional mandate                                                                    Top
6.1. Legal acts and other
The Law on Official Statistics and Official Statistical System (Official Gazette of Montenegro No 18/12, 47/19) defines provisions for collection, processing, and dissemination of data. The Law provides to the Statistical Office legal powers to collect and access the data necessary for the implementation of Programme and Annual Plan. The Law gives a priority to the use of administrative data and right of access to individual data that are a result of survey of other official statistical producers. As an annex to legal provisions, Statistical Office has signed several memorandum on cooperation with administrative data providers.
6.2. Data sharing:Signed agreement on cooperation with the official statistical producers: 1. Revenue and customs administration 2. Ministry of Finance and Social Welfare 3. Central Bank of Montenegro 4. Trilateral agreement (MONSTAT, Ministry of Finance, and Central Bank of Montenegro) International institutions: 1. EUROSTAT 2. UN organizations 3. IMF 4. World Bank

                                                                                        7. Confidentiality                                                                          Top
7.1. Confidentiality - policy:Articles 53-60 of the Law on Official Statistics and Official Statistical System (Official Gazette of Montenegro No 18/12, 47/19) provide a framework for protection, use, and transmission of confidential data. MONSTAT has produced two comprehensive rulebooks that cover the procedures for individual data protection as well as keeping individual records. With purpose of the meeting legal framework on functioning of security system and statistical confidentiality there was adopted the Rulebook on Keeping Statistical Data by which Manner, Time, Technical Conditions and Organization of Statistical Data Storage to Prevent Their Destroying, Misappropriation, and Unauthorized Use is Regulated as well as the Rulebook on Contents and Manner of Keeping Records on Users of Individual Statistical Data by which contents and manner of keeping records on users of individual statistical data is regular. Pursuant to the Article 59, an access to the confidential data is limited to persons performing duties and tasks of official statistical producer and up to the stage the data are necessary for official statistical production. Persons that performs duties and tasks within official statistical producers must sign the statement on respecting the principle of confidentiality. Law on Official Statistics and Official Statistical System is aligned with the Regulation No 223/2009 and the Regulation (EU) 2015/759 from 29 April 2015 that also regulate confidentiality provisions. The Government of Montenegro adopted the Statement on Commitment of Confidence in Official Statistics (Commitment of Confidence).
7.2. Confidentiality - data
Statistical Office staff members sign confidentiality statement on respecting data confidentiality, and for any deliberate violation of statistical data confidentiality, important legal measures are envisaged. Article 54 of the Law on Official Statistics and Official Statistical System of Montenegro (Official Gazette of the Republic of Montenegro No 18/12, 47/19) regulates that data collected, processed, and stored for purpose of official statistics shall be considered confidential if they allow reporting units to be identified, either directly or indirectly, thereby disclosing individual information. The reporting unit directly identified means the identification of a reporting unit from its name or address, or from assigned identification number. Indirect identification means the identification of a reporting unit by the deduction, having into account all measures to identify a reporting unit. Data for the use of which reporting units gave explicit approval shall not be considered confidential.

                                                                                        8. Release policy                                                                         Top
8.1. Release calendar:The Law on Official Statistics and Official Statistical System (Official Gazette of Montenegro No 18/12, 47/19) stipulates that official statistical producers prepare, update, and publish Statistical Release Calendar. It is published on the website of Statistical Office not later than 20 December for the next year, for all official statistical producers that includes date of releasing statistical data. Any change in date of releasing in the Calendar is published in advance in accordance with the Procedure on Unplanned Revisions.
8.2. Release calendar - access:
8.3. User access:General aim of official statistical producer is to meet the needs of users, and to make an access to statistical data to users in an understandable manner, simultaneously and under the same conditions. Statistical Office is obliged to produce and disseminate official statistics in objective, transparent and professional manner, so that all users are equally treated.

                                                                            9. Frequency of dissemination                                                             Top
This survey is diseminated quarterly and annualy according to the Statistical Release Calendar.

                                                                                  10. Accessibility and clarity                                                                Top
10.1. News release:Data are available on the website:
10.2. Publications:Statistical Office publishes the following regular publications: 1. Statistical Yearbook, 2. Montenegro in figures, 3. Monthly statistical review. In addition to the above regular ones, Statistical Office publishes also additionally publications. Some of the most important additional publications are as it follows: 1. Women and Men in Montenegro, 2. The most often used statistical data All publication published by Statistical Office are available at the following link:
10.3. Online database:
10.4. Micro-data access:The Law on Official Statistics and Official Statistical System (Official Gazette of Montenegro No 18/12, 47/19) regulates rules under which external users can obtain an access to individual data for needs of research. Article 58 defines types of scientific and research organizations that can obtain such data. Providing individual data without identifier is possible only upon a written request of scientific and research institutions, with purpose of performing scientific and research activities as well as international statistical organizations and statistical producers from other countries. Research entity signs the agreement with Statistical Office, and it signs the statement on respecting the confidentiality principle. Official statistical producers keeps a separate records on users and purpose of using the statistical data given to these users.
10.5. Other:The data are transmitted to Eurostat in the planned dynamics.

10.6. Documentation on methodology:
A statement of methodology is available on website :
10.7. Quality documentation:The Law on Official Statistics and the Official Statistical System ("Official Gazette of Montenegro" No. 18/12 and 47/19) defines the commitment to quality, which ensures that producers of official statistics in Montenegro work and cooperate in accordance with international principles of quality of the statistical system. In accordance with the ESS Quality Declaration, Article 338 of the Treaty on the Functioning of the EU, Regulations 759/2015 and 223/2009 and the European Statistics Code of Practice, the following documents are adopted: 1. Quality Strategy of the Statistical Office 2. Guide for the implementation of the Quality Strategy in the Statistical Office; 3. Implementation plan

                                                                                  11. Quality management                                                                 Top
11.1. Quality assurance:Statistical Office has chosen the implementation of elements of TQM (Total Quality Management) model that foster development and improvement of functioning of: - Institution, - Official statistical result production, and - Individual. Within middle-term deadline, Statistical Office has chosen the TQM implementation through the following objectives: 1. Strong commitment to users and other interested parties, 2. Quality statistical processes and products, 3. Professional orientation of staff members, 4. Constant improvements, 5. Reduction of overburden of reporting units.
11.2. Quality assesment:The quality of the survey on price of dwellings in new residential buildings is assessed to be high considering that its concepts and methodology have been developed according to international standards. Further work is ongoing to improve the quality and in particular comparability of data.

                                                                                        12. Relevance                                                                              Top
12.1. User needs:International users: - Eurostat, - World Bank, - UN organizations, - International Monetary Fund National users: - Ministries and other public administration bodies, - Local government, and - Other local government bodies. - Central bank, - Non-governmental organizations, - Students, - Researchers, - Media.
12.2. User satisfaction:The Statistical Office has adopted the Quality Management Strategy, the Guidebook to the Implementation of the Quality Management Strategy, as well as the Plan for the Implementation of the Quality Policy. In order to measure the degree to which fulfills obligations towards users and within the new quality policy, the Statistical Office conducted User satisfaction survey. The results of the survey are available on the Statistical Office website, link:
12.3. Completeness:The survey is consistent with national requirements and requirements prescribed by EU regulation 2019/2152.

                                                                                  13. Accuracy and reliability                                                              Top
13.1. Overall accuracy:Not relevant.
13.2. Sampling error:Not relevant.
13.3. Non-sampling error:Not relevant.

                                                                              14. Timeliness and punctuality                                                          Top
14.1. Timeliness:The data are published 50 days after the end of the reference period.
14.2. Punctuality:Deadlines for this survey during 2022 are partly fulfilled according to the Release Calendar.

                                                                                      15. Coherence and Comparability                                                                          Top
15.1. Comparability -
Not relevant
15.2. Comparability over time:Not relevant

15.3. Coherence - cross
Not relevant
15.4. Coherence - internal:Data is internally coherent.

                                                                                        17. Data revision                                                                          Top
17.1. Data revision - policy:Statistical Office has adopted the revision policy and it is available on the website
17.2. Data revision - practice:Tipical revisions are minimal. Significant revisions have only been made to reflect changes in methodology.

                                                                                 18. Statistical processing                                                                 Top
18.1. Source data:Reporting units are the enterprises that sell dwellings, investitors.
18.2. Frequency of data
Data are collected quarterly.
18.3. Data collection:Data are collected through questionnaires (by post, email or fax).
18.6. Adjustment:Not relevant


                                                                                           19. Comment                                                                             Top