Despite the active construction in Montenegro, property prices are falling

Despite the active construction in Montenegro, property prices are falling

For the third quarter of 2012 in sunny Montenegro were received 245 building permits, what is 48,8% higher indexes of the same period last year. Speaking on a quarterly basis, the increase is 19,6%.

According to the Statistical Office of Montenegro, individuals were received 158 building permits, legal - 82. The number of the permits for the construction is growing not for the first quarter.

Along with this, the prices of apartments in new buildings continue to fall. Thus, in the second quarter of 2012, they fell almost by 13% compared to the previous quarter, and by 16,4% - compared to the second quarter of 2011.