The construction and sale of luxury real estate market has sustained strong growth in the past few years, and this trend is quite evident in Montenegro.
The development of this segment started over 15 years ago when foreigners first discovered Montenegro and its investment potential. Today, the projects developing along the Montenegrin coast are worth billions of euros, the interest in investments is still strong and north Montenegro is slowly becoming the center of attention.
Despite the crisis cause by the coronavirus epidemic in the past two years, followed by the Ukraine war, investments in the real estate sector have increased significantly. Namely, the total inflow of foreign direct investments in the January-July period in 2022 was EUR 653.47 million which is a 44.53% growth compared to the same period last year. According to the data of The Central Bank of Montenegro, out of that amount, EUR 238.3 million was invested in real estate, an increase of 100.25% compared to the same period last year.The biggest property investments in the first eight months came from Germans – EUR 39.55 million, followed by Russians with EUR 31.87 millions invested and Serbians invested EUR 28.49 million.
*The information in this announcement does not represent legal advice and is provided for general informational purposes only.
28/10/2022
