A decrease in the number of Russian and Ukrainian housing applicants, an increase in the number of Turkish and German tourists - the case of Montenegro.

In Podgorica, the capital of Montenegro, there has been an increase in demand in the real estate market. Real estate agencies have reported that out of ten applications to purchase an apartment, eight have come from foreign buyers..

The average price per square meter of an apartment in Podgorica is 1800 euros, with the most expensive one offered at 2400 euros per square meter, and the cheapest at 1450 euros.

According to data from the Statistical Institute /Monstat/, in September of this year, the average price per square meter of housing in new buildings in Montenegro was 1,647 euros, which is 300 euros higher than at the beginning of 2023.

Last year, 365,139 apartments were registered for a population of 632,083 people, which is 50,000 more apartments than in the last census in 2011 (316,083 apartments).

Real estate agencies have reported a decline in their client base among Russian and Ukrainian citizens over the past three to four months, while Turkish citizens are increasingly seeking services, primarily for renting apartments and commercial properties.

Rental prices for housing have nearly doubled in the past few months. The rent for one-room studios ranges from 200 to 400 euros per month, one-bedroom apartments from 400 to 700 euros, and two-bedroom apartments from 600 to 1000 euros.