Is it better to buy a flat in Podgorica or in Herceg Novi? On price, Podgorica is cheaper. On 9 November 2026, flats for sale in Herceg Novi asked a median €3,500 per m² on Fijaka and flats in Podgorica €2,690 per m², so Herceg Novi was 30% more expensive. A one-bedroom flat asked a median €125,000 in Podgorica and €172,000 in Herceg Novi.
Podgorica has the larger choice of flats. Here is what the listings say, number by number.
Podgorica and Herceg Novi side by side
| Measure (9 November 2026) | Podgorica | Herceg Novi |
| Flats for sale | 541 | 230 |
| Median price per m² | €2,690 | €3,500 |
| Median flat | €154,000 for 58 m² | €241,000 for 64 m² |
| One-bedroom flat | €125,000 | €172,000 |
| Two-bedroom flat | €180,000 | €315,000 |
| Flats up to €150,000 | 248 | 54 |
| Flats up to €200,000 | 381 | 93 |
Long-term rentals in Herceg Novi are too few or too concentrated in one seller to compare yields.
Cheapest and most expensive areas
Podgorica: Zabjelo (€2,500 per m²) and Zagorič (€2,500 per m²) are the cheapest; Stari Aerodrom (€2,720) is the most expensive area with enough listings.
Herceg Novi: of the two areas with enough listings, Igalo (€2,900 per m²) is cheaper than Kumbor (€3,910).
Current listings: flats for sale in Podgorica and flats for sale in Herceg Novi.
Related answers
- How much does a three-bedroom flat cost in Podgorica?
- How much does a one-bedroom flat cost in Herceg Novi?
- How much does a two-bedroom flat cost in Herceg Novi?
- Podgorica or Tivat: where to buy a flat in Montenegro?
Frequently asked questions
Is Podgorica cheaper than Herceg Novi? Yes. On 9 November 2026, flats in Podgorica asked a median €2,690 per m² and flats in Herceg Novi €3,500, so Herceg Novi was 30% more expensive.
How much more does a one-bedroom flat cost in Herceg Novi than in Podgorica? A median €47,000 more: €172,000 against €125,000.
Where are there more flats under €150,000, Podgorica or Herceg Novi? Podgorica: 248 against 54.
How these numbers were measured
Asking prices of all active flats and studios for sale and for rent in the municipalities of Podgorica and Herceg Novi on Fijaka on 9 November 2026. Medians leave out listings without a price. An area is shown only with at least 15 listings from at least 3 sellers, where no seller has half of them. Gross yield is a year's median asking rent divided by the median asking price, and is shown only where no seller has 60% or more of the rentals. These are asking prices, not sale prices.