Buying a 65-square-meter apartment in a newly constructed building in Podgorica now costs approximately €163,150, based on the latest official data, compared with €80,340 five years ago. Under an illustrative mortgage scenario involving a 20% down payment and repayment over 25 years, the monthly installment has risen from around €347 to €738.
According to statistics from the Central Bank of Montenegro (CBCG), the average weighted nominal interest rate on newly approved loans for apartment purchases and renovations stood at 4.67% in September 2026, while the effective rate was 5.03%. In September 2021, the corresponding rates were 4.21% and 4.84%.
The latest published MONSTAT data on new-build prices covers the second quarter of 2026. In Podgorica, the average market price reached €2,510 per square meter, compared with €1,236 in the same quarter of 2021 — an increase of 103.1%.
Meanwhile, according to MONSTAT, Montenegro’s average net monthly salary rose from €533 in September 2021 to €1,043 in September 2026, an increase of 95.7%.
As a result, the estimated cost of a 65-square-meter apartment has increased from the equivalent of approximately 151 average monthly salaries to 156. That means a buyer would need between 12.6 and 13 years of total earnings to cover the purchase price, assuming, unrealistically, that none of the income is spent on living expenses.
The figures were reported by Investitor.me.
