Herceg Novi | Development- Plot

Property prices in Montenegro vary by region, but average between 1,500 and 3,000 euros per square meter in popular coastal towns. Compared to other Balkan countries, such as Serbia or Bosnia, prices tend to be a little bit higher, but offer strong growth potential and attractive returns.

Holiday apartments, villas and properties on the coast are particularly in demand in Montenegro. Luxury properties in popular holiday regions such as Kotor, Budva or Tivat are also very popular as they are used both for personal use and as investment properties.

The average construction costs in Montenegro are currently around 600 to 800 euros per square meter, which is significantly cheaper compared to other European countries. For example, construction costs in Western Europe are often between 1,500 and 3,000 euros per square meter. These low costs, combined with a growing real estate market and high growth potential, make Montenegro an attractive location for investors.

Low wages and construction costs allow you to realize real estate projects at significantly lower prices, while the high growth rate of the market offers attractive return opportunities. In addition, Montenegro is on the way to the EU, which will ensure long-term stable economic development and rising real estate values.

Montenegro offers various incentives for foreign investors, including tax advantages, particularly in the areas of tourism and construction. Investors who invest in tourism projects can benefit from reduced corporate tax and other subsidies.