How is the real estate market currently performing in different parts of Podgorica and Montenegro?
Which neighborhoods are the most sought-after, how long does the average sale take, and what affects the speed of apartment transactions?
What do these trends mean for you as a buyer or seller? Answers follow below.
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Sales Speed Depends on Location
In central parts of the city, such as the city center, “Preko Morače,” and Dračevac, apartments sell the fastest — on average within 30 to 45 days. Demand is high, while supply is limited.
In suburban neighborhoods and older areas, sales can take longer — up to 90 days — because buyers are more selective or there is a larger supply of properties.
Impact of Price and Property Condition
Apartments priced realistically and in good condition sell the fastest. Overpriced units or those requiring renovation significantly extend the time it takes to sell.
Agency Trends
Our agency has observed a growing interest in smaller apartments — studios and one-bedroom units, especially near universities and business districts. Additionally, new constructions in Podgorica and coastal cities remain the most sought-after.
Buyers are increasingly choosing properties that are move-in ready and come with complete documentation.
What Does This Mean for You?
If you are planning to sell, it’s important to set the right price and prepare your apartment for the market. If you are buying, be ready to make a quick decision in the most sought-after areas.
Next Steps:
For a more detailed analysis of your area and a free property valuation, contact our agent:
Vladimir Vlahović
office@concordnekretnine.me
+382 67 111 161
