Montenegro real estate prices have risen significantly.

The prices of rental properties in Montenegro have risen by 50 percent due to increased demand since the beginning of the war in Ukraine, as well as due to an increase in the cost of construction materials, which has also led to an increase in the prices of real estate sales.

S Slaђana Matoviћ of the Porto Capital agency said the pandemic caused property prices to rise by 20 percent per square meter last year as some building materials went up by 100 percent. "Real estate prices continue to rise this year, so currently the average price of apartments in Podgorica is around 1,650 euros, while last year it was 1,250 euros. On the coast, the minimum price per square meter is 2,000 euros, and in the luxury village''Porto Montenegro - up to €7,000,' she said.

Matoviћ added that interest in buying built real estate and urban development plots is increasing day by day. According to the Chamber of Commerce and Industry, the prices of all construction materials have increased significantly, which has affected the price of apartments.

Some agencies, however, say that Ukrainians are renting but not buying real estate because they cannot pay through their bank account. This has significantly increased the cost