Apartment prices in Montenegro continue to rise, with a significant increase in the price per square meter in Podgorica and almost equalizing prices with the coastal region. Monstat data shows that the average price per square meter in new buildings in the capital increased by about 10% in the first quarter of the year. Experts emphasize that demand for apartments remains high, partly due to rising average salaries and a larger number of creditworthy buyers, as well as a significant influx of foreign investments. While prices on the coast used to be significantly higher, they are now almost equal to those in Podgorica. Supply does not keep up with demand, further driving prices up, and experts advise that buying property now is better than later, given the continuous price increase.
Political Perspectives:
Left: Left-leaning sources tend to emphasize the social impact of rising apartment prices, highlighting the difficulties faced by average citizens in affording housing. They focus on the growing inequality and the challenges for young people and low-income families to enter the housing market. The narrative often includes calls for government intervention to regulate prices and increase affordable housing supply.
Center: Center-leaning sources report the facts about rising apartment prices and market trends, providing balanced views from real estate experts and economists. They highlight the role of increased demand, foreign investments, and credit availability in driving prices up, while also noting the limited supply. The narrative is generally neutral, focusing on market dynamics without strong political bias.
Right: Right-leaning sources emphasize the positive aspects of the rising real estate market, such as increased foreign investment and economic growth. They may highlight the benefits of a free market and credit expansion enabling more people to buy homes. The narrative often downplays the affordability issues, suggesting that market forces will eventually stabilize prices and that individuals should take advantage of current opportunities.
