The real estate market in Montenegro has been more than dynamic in recent years. Podgorica, where new properties appear on the market almost daily, is a clear example of demand driving supply.
Setting aside the demand for properties as new homes, Montenegro is increasingly attractive as a destination for investing in real estate for business purposes. According to our agent Igor Vlaović, properties in Podgorica, Tivat, Budva, and Kotor are the most sought after for such purposes. In the coastal cities, this demand is mainly for tourism and hospitality ventures, while in Podgorica, there is higher demand for apartments used as commercial office spaces and typical business premises.
“Modern office spaces designed on an open-plan concept are increasingly in demand. This is something currently missing in Podgorica’s market,” Vlaović noted.
Speaking about prices, he points out that they are very similar to last year’s, though there are some variations.
At the top of the price range are luxury villas, condo apartments, and penthouse properties on the coast. These properties typically feature amenities such as pools, wellness & spa facilities, private yacht moorings, and exude luxury. Prices are naturally higher if the property is located within or near a resort along the Montenegrin coast.
Such luxury properties are particularly important for Montenegrin tourism, especially considering that in recent years the country has been chosen by numerous global celebrities—a highly effective promotion of Montenegro as an attractive tourist destination.
Consequently, properties that are not as luxurious but are located near such complexes gain added value and are much easier to monetize further for business purposes.
Part of our coastal offering includes luxuriously furnished apartments in Bečići, ideal both for living and for rental income.
For lovers of the Bay of Kotor, we also offer an apartment with an open view of the bay, as well as a property in the luxury Royal Blue resort in the Kavač neighborhood.
