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How much does land cost in Montenegro per square metre? Building plot prices by town (November 2026)

On 9 November 2026, 987 plots of land for sale in Montenegro were advertised on Fijaka at a median of €140 per m². On the coast Bar and Herceg Novi asked €160 per m² and Budva €290; inland Podgorica asked €100 and Danilovgrad €20.

Rohat KahramanAttorney, RoNa Legal

· Reviewed for legal accuracy

RoNa Legal
A sloping plot above the Bay of Kotor with survey stakes and an architectural drawing on a stone wall

How much does land cost in Montenegro? On 9 November 2026, 987 plots of land for sale were advertised on Fijaka at a median of €140 per m², and the median plot of 1,663 m² asked €203,000. On the coast, plots in Budva asked a median €290 per m², in Bar and Herceg Novi €160; inland, Podgorica asked €100 and Danilovgrad €20 per m².

Land prices vary more than flat prices: a plot can be a sea-view building site with a permit or a field with no road. The medians below show where the market sits in each town. They are not a valuation of any one plot.

Land prices by town

TownPlots for saleMedian price per m²Median plotMedian price
Budva124€2901,262 m²€415,000
Bar240€1601,012 m²€155,000
Herceg Novi69€1601,075 m²€160,000
Ulcinj19€1301,000 m²€130,000
Podgorica158€1001,715 m²€159,000
Danilovgrad54€204,804 m²€73,000

Land is a concentrated market. In Bar the largest seller has 56% of the plots, in Podgorica 58% and in Herceg Novi 55%; without that seller's plots the median is €170 per m² in Bar, €100 in Podgorica and €170 in Herceg Novi. In Budva the median without the largest seller is €330 per m².

Not shown: in Tivat, Kotor, Kolašin, Cetinje, Nikšić and Žabljak a single seller has more than 60% of the plots, so a median would describe that seller rather than the town.

Plots in Bar by area

AreaPlots for saleMedian price per m²Median plot
Dobra Voda23€1401,227 m²
Šušanj15€220941 m²

Current listings: land for sale in Bar, land for sale in Podgorica and land for sale in Montenegro.

Before you buy a plot

Price per m² only means something once you know what can be built on the plot. The checks to make first are in buying land in Montenegro to build a villa. A plot sold between private individuals pays transfer tax of 3% up to €150,000 of the tax base and 5% on the part above; building land sold with VAT has been outside transfer tax since 1 April 2026 (transfer tax guide).

Frequently asked questions

What is the price of land per square metre in Montenegro? The median asking price was €140 per m² on 9 November 2026, across 987 plots on Fijaka.

How much does a building plot cost in Budva? A median €290 per m²; the median plot of 1,262 m² asked €415,000.

How much does land cost in Bar? A median €160 per m². In Dobra Voda it was €140 per m², in Šušanj €220 per m².

Where is the cheapest land in Montenegro? Inland. Plots in Danilovgrad asked a median €20 per m² and in Podgorica €100 per m², against €160 to €290 on the coast.

How big is a typical plot for sale? The median plot was 1,663 m² across the country and between 1,000 m² and 1,262 m² in the coastal towns in the table.

How these numbers were measured

Asking prices of all active plots of land (not agricultural land) for sale on Fijaka on 9 November 2026, by municipality. A town is shown with at least 15 plots from at least 4 sellers where no seller has more than 60% of them; areas inside a town need 15 plots from 3 sellers with no seller at half. Price per m² is the median of each plot's asking price divided by its area. These are asking prices, not sale prices.

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This article is for informational purposes only and does not constitute legal advice. We recommend seeking professional advice from a licensed attorney for real estate transactions in Montenegro.