Buying luxury apartments in Montenegro, Serbia, and Bosnia and Herzegovina: monthly rent and at the price of an average annual salary.

In recent years, the cost of renting luxury apartments in Montenegro, Serbia, and Bosnia and Herzegovina has reached high levels, depending on geographical location and comfort level. Monthly expenses for such rentals can amount to several thousand euros, which is an unbearable burden for many locals. Prices are highest in tourist regions and attractive locations. For example, in Montenegro, prices along the coast, especially in resort towns like Budva, can reach5000 eurosper month.

In addition, in the central parts of the country, such as Podgorica, the rent for the most sought-after apartments ranges from2000 to 2500 eurosper month. In the north of Montenegro, the situation is different: here, rental prices rarely exceed1000 eurosAccording to information provided by real estate agencies, foreign citizens, including those from Turkey, Germany, France, and Azerbaijan, are the main tenants, along with diplomatic missions.

Nevertheless, it is difficult to escape the trend when the number of Russians and Ukrainians who held a dominant position in the real estate market has sharply decreased over the past three years. According to inquiries about the current state of the market, Budva is experiencing the highest rental prices, where three-bedroom luxury apartments in central areas and the "Duklja" district can cost from2500 to 5000 eurosIn alternative locations and older buildings, you can find similar apartments for1500 euros, but with less comfort.

• One-bedroom apartments in Montenegro start at the price point1000 eurosoften reaching1300, at most until2000 euros.
• In some areas, such as Bečići and Rafailovići, prices are also rising higher.1000 euros.

In the past few months, rental prices have decreased by100-200 euros...which makes rental conditions more accessible for the population. There are cases where apartments that were previously rented for...700-750 eurosToday it is possible to rent for600-650 euros.

The demand for rentals is being considered by neighborhoods: the City and Master districts in Podgorica attract the most attention. According to experts, apartments in these areas can cost from550 to 650 eurosfor one-bedroom apartments and from800 to 1000 eurosOn average, for two-bedroom apartments. Over the past few months, owners have been trying to adjust their prices, although there are still apartments on the market that remain in demand, especially in less popular areas like Maslina and Zlatica.

According to real estate agencies, a trend is emerging: fully furnished apartments are the most frequently rented, but there are also requests for unfurnished ones, which are linked to specific requirements from diplomatic institutions. Areas with interesting spots across the Morača River, such as Gorica or the Tološ Forest area, are also gaining popularity among foreign tenants.

Serbia is experiencing a similar problem with high prices. For example, in Belgrade, rental options are notable for their variety.

Real estate experts note that buyers of high-end properties are becoming more demanding. Katica Lazarevic, an experienced specialist, emphasizes that clients are willing to invest significant amounts, but they focus not on external gloss but on quality. Factors such as documentation and the condition of the building are becoming extremely important in the decision-making process.

According to reports from public geodetic institutions, the highest price per square meter of real estate in Belgrade by the river was in the third quarter.2023compiled4430 euros...while in certain locations, such as New Dorćol, the price has risen to...4308 eurosper square meter. The parameters of renovation quality are fundamental, which directly corresponds to client dynamics and their demands.

In Bosnia and Herzegovina, the situation has also changed. The rise in housing prices is leading to increased rental costs. The increase in rental rates has been noticeable in tourist areas; however, the current situation in the rental market has not concerned clients as much, since price fluctuations have become less significant than those in the purchasing market. Meanwhile, renting a one-bedroom apartment in the center of Sarajevo costs on average623.81 marksApartments outside the center - about454.55 marks.

So, for buyers and renters of real estate, it's also important to consider amenities such as parking and the overall location of the apartment or house. Thus, as practice shows, more and more property owners prefer short-term rentals, as this is becoming a more profitable option. In particular, in this regard, offers in the range of are noticeably in demand.40 to 150 eurosa day.