News

20.05.2020
Prices of dwellings in a new residential buildings I quarter of 2020

The average price of dwellings in a new residential building in Montenegro in I quarter of 2020 was 940 EUR decrease by 8.2% compared with the I quarter of 2019, while it is 17.2% decrease compared with the IV quarter of 2019.

The average price of dwellings in a new residential building in Podgorica in I quarter of 2020 was 865 EUR, in coastal region was 1 363 EUR, in central region 641 EUR, while the average price of dwellings in a new residential building in northern region was 793 EUR.

The differences over the years in average prices of dwellings in a new residential buildings significantly depend on the involvement of solidarity housing development dwellings. If the share of these dwellings increased, the average price of dwellings in a new residential buildings will be significantly lower, or if this share decreased, the average price will be higher.

In the release is shown the average price per the square meter of dwelling in a new residential building according to the following categories: enterprises (average market price) and solidarity housing development. The average market price of dwellings in a new residential building in Montenegro in category enterprises in I quarter of 2020 was 1 213 EUR, while in category solidarity housing development was 614 EUR.

Release


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