Team Real Estate, in a statement to the daily newspaper Vijesti, stated:
The real estate market in Montenegro is experiencing exceptional expansion, with the capital city of Podgorica and the coastal town of Tivat continuing to attract more investors and local buyers.
Real estate prices are rising rapidly, and demand remains high, clear signals that there is significant interest and intense activity in the market. According to Tanja Pejanović, the founder of Team Real Estate and STP Partners, with expertise in real estate sales and investments, this dynamism is not just related to the attractiveness of locations, but also to the specific needs of clients and the high service standards that clients demand.
"Our vision is always based on experience, trust, and precision. The client is at the center of everything we do, and our goal is always to do what is best for them, ensuring maximum satisfaction throughout the entire process," says Pejanović. These companies manage the entire process of buying or selling a property for their clients—from initial analysis and requirements to legal and contractual matters, all the way to notarization, providing a unique "turnkey" service. "The most important thing is to maintain contact with people and ensure that clients are satisfied. This is the essence of our business," Pejanović notes.
Demand Drives Price Growth
Recently, the speed at which real estate prices are growing in Montenegro has become evident. "Demand continues to rise, which is reflected in the trend of rising prices in the real estate sector, while actual purchases are confirmed by transactions in our portfolio," Pejanović emphasizes. Although the Montenegrin coast previously dominated, Podgorica has recently positioned itself as the most active market. Our capital is becoming an increasingly attractive destination thanks to better urban amenities, international schools, and its favorable geographic position. "Many foreign investors and residents are choosing Podgorica to live, and this is no coincidence. The city has a lot to offer, and it is well connected to all parts of the country and beyond," explains Pejanović.
New Market Dynamics, Investments, and the Impact of EU Accession
Montenegro's approach to joining the European Union is also playing a key role in stimulating the real estate market. Investors are increasingly recognizing the country as a safe place for investment. "EU membership brings a regulated market and greater security for those considering redirecting their investments to Montenegro. This is an important factor in decision-making," explains Pejanović.
With the market's growth comes greater competition among construction investors. Pejanović notes that this is a positive development: "Investors are now competing for buyers by offering better construction quality and additional amenities." Despite this, awareness of sustainability in construction is still not fully established, although Pejanović sees this becoming an important issue for buyers. "I believe we will soon see a wave of thinking about sustainability and energy efficiency in spaces, which is already a standard in the European Union," she says.
Differences in Approach and Interests Among Buyers
While Budva, Bar, and Herceg Novi remain attractive destinations, the coast is generally quieter than it was in previous years. In Podgorica and Tivat, on the other hand, the dynamics are particularly pronounced, creating ideal conditions for further investments and market development. An interesting trend in the market is the difference in approach between local residents and foreigners. Foreigners typically rent properties, while local buyers increasingly see buying as an opportunity for profit. "Local buyers view real estate as a safe investment, especially due to the stable price growth," concludes Pejanović