Real estate prices in Montenegro continue to rise, with the average price per square meter in Podgorica reaching around 2,000 euros in the first quarter of the year. Demand for apartments remains high, with rising wages and citizens’ creditworthiness contributing to an increase in buyers. Foreign investments are a significant factor in this growth, with a 21% increase in foreign investments compared to the previous year. Prices of real estate on the coast and in Podgorica have nearly equalized, which was not the case before. Experts do not expect prices to fall in the near future, and supply does not keep up with demand, further driving prices up.
Political Perspectives:
Left: Left-leaning sources emphasize the impact of foreign investment on the housing market, highlighting concerns about affordability for local citizens and the social implications of rising prices. They focus on the challenges faced by local residents in securing housing due to increased demand driven by foreign buyers and credit expansion.
Center: Center-leaning sources provide a balanced view, reporting on the statistical data of price increases and foreign investments, while noting the economic factors such as rising wages and credit availability that contribute to the demand. They present expert opinions that suggest the market dynamics are complex and that prices are unlikely to fall soon.
Right: Right-leaning sources tend to highlight the positive aspects of foreign investments as a driver of economic growth and development in Montenegro. They emphasize the opportunities created by increased demand and investments, suggesting that buying property now is a good investment before prices rise further, and focus less on the social challenges.