How much does a square metre of a new flat cost in Montenegro?

2,557 € on average in the second quarter of 2026, according to preliminary MONSTAT data: 2,838 € in the coastal region and 2,510 € in Podgorica.

How fast are new-build prices rising?

The national average was 16.2% higher in the second quarter of 2026 than a year earlier. Since 2022, when it was 1,339 €, it has risen by about 91%.

Is there an official price per square metre for Budva or Kotor?

No. MONSTAT reports Podgorica separately and the six coastal municipalities together as the coastal region; there is no official figure for Budva, Kotor or Tivat on their own.

Do the figures include resale flats?

No. Only new flats sold for the first time are counted, from contracts reported by the companies that sell them.

When will the next figures be published?

The third quarter of 2026 is expected around 20 November 2026. This page and the CSV file are updated after each MONSTAT release.

New-build flat prices in Montenegro: quarterly MONSTAT data

Name: New-build flat prices in Montenegro: quarterly MONSTAT data
Creator: Fijaka

In the second quarter of 2026 a square metre of a newly built flat in Montenegro sold for 2,557 € on average, according to preliminary MONSTAT data: 2,838 € in the coastal region, 2,510 € in Podgorica, 2,145 € in the north and 2,131 € in the central region. That is 4.6% more than in the first quarter and 16.2% more than a year earlier. These are contract prices of new flats sold by developers, not asking prices or resale flats.

Prices in the second quarter of 2026

Area	€ per m²	Change on previous quarter	Change on a year earlier
Montenegro	€2,557	+4.6%	+16.2%
Podgorica	€2,510	+4.8%	+19.1%
Coastal region	€2,838	+10.2%	+21.6%
Central region	€2,131	—	+99.5%
Northern region	€2,145	+25.6%	+38.7%

In the smaller regions the average moves sharply from quarter to quarter, because it depends on which flats happened to be sold. No new-build sale was recorded in the central region in the first quarter of 2026, so it has no quarterly change.

See flats for sale in Montenegro

Price per m² by quarter

Coastal region: €2,838
Montenegro: €2,557
Podgorica: €2,510

Montenegro, the coastal region and Podgorica, from the first quarter of 2024 to the second quarter of 2026. Preliminary MONSTAT data, € per m².

Every quarter since 2024

Quarter	Montenegro	Podgorica	Coastal region	Central region	Northern region
Q2 2026	€2,557	€2,510	€2,838	€2,131	€2,145
Q1 2026	€2,445	€2,395	€2,575	—	€1,708
Q4 2025	€2,206	€2,141	€2,570	€1,363	—
Q3 2025	€2,228	€2,153	€2,458	—	€1,578
Q2 2025	€2,201	€2,108	€2,333	€1,068	€1,547
Q1 2025	€2,158	€2,066	€2,328	€1,050	€1,209
Q4 2024	€1,936	€1,938	€2,076	€935	—
Q3 2024	€1,854	€1,824	€1,995	€960	€1,316
Q2 2024	€1,821	€1,763	€2,107	€960	—
Q1 2024	€1,756	€1,761	€1,857	€958	€1,200

A dash means MONSTAT recorded no sale of new-build flats in that region in that quarter. Figures are shown as first published; the final releases checked so far did not change them.

Annual averages

Year	Montenegro	Podgorica	Coastal region	Central region	Northern region
2025	€2,200	€2,127	€2,412	€1,202	€1,533
2024	€1,844	€1,810	€2,028	€945	€1,306
2023	€1,532	€1,585	€1,577	€696	€1,220

Before 2023 we show the national average only: 1,113 € in 2019, 951 € in 2020, 1,194 € in 2021 and 1,339 € in 2022. From 2019 to 2025 the national average almost doubled.

What the figures measure

MONSTAT counts only new flats sold for the first time, from purchase contracts concluded in the quarter and reported by the companies that sell them. Resale flats, business premises and land are not included. The figure is the average contract price per square metre of usable floor area.

The national average also includes solidarity housing, flats sold to employees well below market prices, so a quarter with many such sales pulls the average down. In 2025 flats sold by companies averaged 2,285 € per m² and solidarity flats 705 €.

Each quarter is published about 50 days after it ends, first as preliminary data. The third quarter of 2026 is expected around 20 November 2026; we update this page and the CSV after each release.

Which towns are in each region?

Podgorica is reported on its own. The coastal region is Bar, Budva, Herceg Novi, Kotor, Tivat and Ulcinj; the central region is Cetinje, Danilovgrad, Nikšić, Tuzi and Zeta; the northern region covers the remaining municipalities.

There is no official price per square metre for a single town such as Budva, Kotor or Tivat, and this page does not estimate one. Asking prices for small flats by the sea are often well above the coastal average; listings and our guides show what sellers ask.

Download the data

All figures on this page in one CSV file, one row per period and area, with the release date and a link to the MONSTAT release. Please cite MONSTAT as the source.

Download CSV

Frequently asked questions

How much does a square metre of a new flat cost in Montenegro?: 2,557 € on average in the second quarter of 2026, according to preliminary MONSTAT data: 2,838 € in the coastal region and 2,510 € in Podgorica.
How fast are new-build prices rising?: The national average was 16.2% higher in the second quarter of 2026 than a year earlier. Since 2022, when it was 1,339 €, it has risen by about 91%.
Is there an official price per square metre for Budva or Kotor?: No. MONSTAT reports Podgorica separately and the six coastal municipalities together as the coastal region; there is no official figure for Budva, Kotor or Tivat on their own.
Do the figures include resale flats?: No. Only new flats sold for the first time are counted, from contracts reported by the companies that sell them.
When will the next figures be published?: The third quarter of 2026 is expected around 20 November 2026. This page and the CSV file are updated after each MONSTAT release.

Our detailed guides

Sources

Figures from MONSTAT releases, checked on 9 October 2026; regional averages can move sharply between quarters. Fijaka is a listings platform, and this page is not a valuation of any property.