The average price of dwellings in a new residential building in Montenegro in I quarter of 2021 was 1 219 EUR and increased by 29.7% compared with the I quarter of 2020, while it 21.1% increased compared with the IV quarter of 2020. A major impact on a average price per square meter of dwellings in a new residential building in Montenegro in I quarter of 2021 has the share of the average price per m2 of dwellings which belonging to the category of solidarity housing development, which was significantly lower in the observed quarter compared to the previously observed periods.
The average price of dwellings in a new residential building in Podgorica in I quarter of 2021 was 1 196 EUR, in coastal region was 1 383 EUR, in central region 708 EUR, while the average price of dwellings in a new residential building in northern region was 849 EUR.
The average prices of dwellings in a new residential buildings significantly depend on the involvement of solidarity housing development dwellings. If the share of these dwellings increased, the average price of dwellings in a new residential buildings will be significantly lower, or if this share decreased, the average price will be higher.
In the release is shown the average price per the square meter of dwelling in a new residential building according to the following categories: enterprises (average market price) and solidarity housing development. The average market price of dwellings in a new residential building in Montenegro in category enterprises in I quarter of 2021 was 1 224 EUR, while in category solidarity housing development was 714 EUR.

Release