Tivat
Bay of Kotor, Montenegro
Asking price. The Porto Montenegro luxury marina pushes Tivat far higher, roughly 6,000 to 15,000 per square meter.
Montenegro property prices
Montenegro property prices by area: Tivat, Budva, Kotor, Herceg Novi, Podgorica, Bar (2026)
Short answer. In 2025 to 2026, the highest asking prices were in Tivat (about about 4,000 EUR per square meter) and the lowest in Bar (about about 2,700 EUR per square meter), a gap of about 48%. These are asking prices in euros from portals and agency reports, shown next to the official MONSTAT trend. Source: Numbeo and agency market reports (asking prices), plus MONSTAT for the official new-build trend.
Updated 8 June 2026Official source named
Budva
Adriatic coast, Montenegro
Asking price (city centre). The Budva Riviera is the main tourist coast. The coastal region rose about 24 percent over the year (MONSTAT).
Kotor
Bay of Kotor, Montenegro
Asking price (city centre). The UNESCO listed old town and waterfront run up to 6,000 per square meter.
Herceg Novi
Bay of Kotor, Montenegro
Asking price (city centre). At the mouth of the Bay of Kotor, popular with foreign buyers.
Asking price per sqm
EURabout 3,228 /sqm
Rising See homes in Herceg Novi See the price dataAs of 2026
Podgorica
Montenegro (capital)
Asking price. The official MONSTAT new-build figure for Podgorica was about 2,141 per square meter, up about 10 percent over the year.
Asking price per sqm
EURabout 2,766 /sqm
Official MONSTAT new-build: +10% YoY (Q4 2025)
up 10% over 12 months
Rising See homes in Podgorica See the price dataAs of 2026
Bar
Adriatic coast, Montenegro
Asking price (city centre). The most affordable coastal city here, with a working port and less tourist pressure.
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Where these places are
Full data table
| City | Asking (EUR/sqm) | Sold (EUR/sqm) | Change, 12 months | Trend |
|---|---|---|---|---|
| Tivat | about 4,000 | n/a | n/a | Rising |
| Budva | about 3,700 | n/a | n/a | Rising |
| Kotor | about 3,500 | n/a | n/a | Rising |
| Herceg Novi | about 3,228 | n/a | n/a | Rising |
| Podgorica | about 2,766 | n/a | +10% | Rising |
| Bar | about 2,700 | n/a | n/a | Rising |
Source: Numbeo and agency market reports (asking prices), plus MONSTAT for the official new-build trend. https://www.monstat.org/eng/page.php?id=23&pageid=23
How we know these numbers
Montenegro uses the euro, so prices are already in euros. The official figures come from MONSTAT (the statistics office), which covers new-build dwellings only: the national new-build average was about 2,206 EUR per square meter in Q4 2025, up about 14 percent over the year, with the coast up about 24 percent and Podgorica up about 10 percent. The per square meter figures here are asking prices from portals and agency reports, which run higher than the official new-build average and rest on small samples, so treat them as indicative. Montenegro is not in the BIS dataset.
These are asking prices from portals and agency reports, on small samples, so treat them as indicative. The official MONSTAT figures cover new-build dwellings only: the coast rose about 24 percent and Podgorica about 10 percent over the year to Q4 2025. Coastal cities have no official per-town figure.
Frequently asked questions
Which part of Montenegro is most expensive?
Tivat, because of the Porto Montenegro luxury marina, then Budva and Kotor on the coast. Bar and the inland capital Podgorica are the most affordable here.
Are these official prices?
No. They are asking prices from portals and agency reports, on small samples. The official MONSTAT data covers new-build dwellings only and is lower, around 2,206 EUR per square meter nationally in Q4 2025.
Can foreigners buy in Montenegro?
Yes, foreigners can buy apartments and buildings freely. Buying agricultural land or land near borders can need a company structure. Confirm the current rule with a local lawyer.
Sources
- Numbeo and agency market reports (asking prices), plus MONSTAT for the official new-build trend (asking prices, plus official new-build data): https://www.monstat.org/eng/page.php?id=23&pageid=23
- MONSTAT (Statistical Office of Montenegro), prices of new dwellings (official, new-build first-sale prices, national and three regions): https://www.monstat.org/eng/page.php?id=23&pageid=23
- Tivat photo: Daniel Nyul / Wikimedia Commons / CC BY-SA 3.0 (source)
- Budva photo: Bratislav Tabas / Wikimedia Commons / CC BY-SA 3.0 (source)
- Kotor photo: Chensiyuan / Wikimedia Commons / CC BY-SA 4.0 (source)
- Herceg Novi photo: Alexey Komarov / Wikimedia Commons / CC BY 4.0 (source)
- Podgorica photo: Bratislav / Wikimedia Commons / public domain (source)
- Bar photo: Alexey Komarov / Wikimedia Commons / CC BY 4.0 (source)