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Podgorica or Ulcinj: where to buy a flat in Montenegro? Prices, rents and areas compared (November 2026)

On 9 November 2026, flats for sale in Podgorica asked a median €2,690 per m² on Fijaka and flats in Ulcinj €2,600: Podgorica was 3% more expensive. One-bedroom flats, rents and areas side by side.

Rohat KahramanAttorney, RoNa Legal

· Reviewed for legal accuracy

RoNa Legal
Apartment blocks and houses of Podgorica seen from a hill

Is it better to buy a flat in Podgorica or in Ulcinj? On price, Ulcinj is cheaper. On 9 November 2026, flats for sale in Podgorica asked a median €2,690 per m² on Fijaka and flats in Ulcinj €2,600 per m², so Podgorica was 3% more expensive. A one-bedroom flat asked a median €125,000 in Podgorica and €123,000 in Ulcinj.

Podgorica has the larger choice of flats. Here is what the listings say, number by number.

Podgorica and Ulcinj side by side

Measure (9 November 2026)PodgoricaUlcinj
Flats for sale54179
Median price per m²€2,690€2,600
Median flat€154,000 for 58 m²€139,000 for 57 m²
One-bedroom flat€125,000€123,000
Two-bedroom flat€180,000€186,000
Flats up to €150,00024841
Flats up to €200,00038155

Long-term rentals in Ulcinj 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.

Ulcinj: no area has enough listings from different sellers yet.

Current listings: flats for sale in Podgorica and flats for sale in Ulcinj.

Related answers

Frequently asked questions

Is Ulcinj cheaper than Podgorica? Yes. On 9 November 2026, flats in Ulcinj asked a median €2,600 per m² and flats in Podgorica €2,690, so Podgorica was 3% more expensive.

How much more does a one-bedroom flat cost in Podgorica than in Ulcinj? A median €2,000 more: €125,000 against €123,000.

Where are there more flats under €150,000, Podgorica or Ulcinj? Podgorica: 248 against 41.

How these numbers were measured

Asking prices of all active flats and studios for sale and for rent in the municipalities of Podgorica and Ulcinj 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.

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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.