New apartments in Budva became cheaper for the year

Feb. 20, 2015

New apartments in Budva became cheaper for the year

New apartments in Budva, the main Montenegrin resort on the Adriatic coast, cost approx. €1,365 per sq.m in Q4 2014. It was 44% less than in Q4 2013. The property in the area of Budva has stayed the most expensive in the country. For comparison, flats in Bar cost €1,180 per sq.m, in Podgorica – €1,036 per sq.m, in Niksic – €539 per sq.m, according to the Montenegrin statistical agency of Monstat.

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In Q4 2014, sales of new apartments decline by 7.8% y-o-y, and 225 flats in new buildings were sold. Average price for the Montenegrin primary property was €1,037 per sq.m (-16.1% y-o-y, and -7.2% q-o-q).

 

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