Property for sale in Podgorica

Being the capital of Montenegro, Podgorica has a hot real estate investment market

In terms of apartament purchases in Podgorica,the main demand driver over the past year was the domestic population group encouraged by favorable credit policies and lower interest rates,as well as citizens from the cost who sold their properties and bought apartaments in Podgorica. Get more information on property for sale in Montenegro.

Views on the Podgorica real estate :

Although there are no official statistics on the number of apartaments sold on the marke, mid-end developments have most obviously continued to experience increasing demand in 2007.A high percentage of residential projects on the market are successfully sold, predominately in the pre-sale period.Only a small number of projects recorded absorption lower then expected.

The low suply of apartaments on the market, incresed purchasing power of the population and low availability of construction land maintains residential sales prices in Podgorica and Montenegro at high levels.Sales prices in Podgorica had recorded an approximately 15-20% increse at the end 2007, compared to 2006levels.

In 2007, residential prices in Podgorica ranged from EUR 1,500 to 3,500 per m2.