Montenegro Real Estate Trends - Mid 2025
21.07.2025
Montenegro Real Estate Trends - Mid 2025. We've hit the month of August, half way throughout the year already, and traditionally this is a great time for us to reflect on the state of the market for the first half of the year, and for you to reseach the market & possible areas to ensure you buy in the right place, and at the right time. In this featured article we will look at Montenegro Real Estate Trends, and more specifically, a market overview for 2025.The Property Market in 2025 - To Date
- Steady national growth has resulted in a positive price surge with property values now increasing by 8-9% year‑on‑year when compared with 2024. With continued interest comes continued growth, with prices projected to grow even further by around 5-6% annually through to 2029
- Properties in coastal areas such as Budva, Kotor and Tivat remain very strong even though supply is still limited. Demand is at an all time high as people are looking more affordable & less busy areas compared to the likes of Spain and Portugal, especially considering the anti-tourist demonstrations that have taken place over the last 6 months. 2.6m arrivals this year, 195,642 in June (a 3.3% increase on the previous year) and tourism accounting for around 25% of the country's GDP.
- High demand and rental yields with coastal regions delivering average rental returns of around 5–7%, while top developments can reach up to 10% in peak season.
- Tourism surge: Montenegro welcomed over 2.6 million visitors this year, fueling demand for holiday homes and rentals, whilst also increasing the appetite for new build homes and investment in infrastructure projects.
- Development boom with residential permits in Podgorica rising by around 20% since 2023 and total dwelling permits increasing by over 230% year‑on‑year.
- A surging interest in sustainable living, with a focus on eco‑friendly and smart housing developments, led by high‑profile coastal projects in areas like Budva & Herceg Novi.
As one of the largest agencies in Montenegro, and being award winning, CMM’s on‑the‑ground presence in major areas like Budva, Kotor, Tivat, Bar and Ulcinj equips them to deliver a highly personalised service with a far reaching range of properties to suit every budget and every taste. Their multi-lingual team are always on hand to guide you through the process from start to finish, and they are not just property consultants, but lifestyle consultants, always happy to advice on living your life in Montenegro.
What Should you Expect for September and October?
- Most active buying period: Historically, demand peaks early autumn as buyers secure properties before winter or for next summer.
- New listings and price stability: Markets open with fresh stock from summer buyers; prices may hold firm or increase slightly in premium areas due to heightened competition.
- Investor-friendly conditions: Rental demand remains high through October; buyers targeting long‑term returns can capitalise on sustained tourism flow.
Buyers should act in early autumn to capture new inventory and negotiate favourable terms ahead of holiday demand. Sellers benefit from listing around September, when buyer activity is still high and inventory low. Locations to watch: Budva, Kotor, Tivat (luxury and coastal developments); emerging value in Bar, Ulcinj and northern mountain towns like Kolasin and Zabljak
Ready to Move Forward?
Check out our Property for Sale on our website, or if you need further information please contact us.
Reviews
In period May-August 2022 we sold our flats in St-Petersburg Russia and have bought two ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.
Liudmila Nosova St-Petersburg Russia , 13.09.2022 10:20:09
At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
With gratitude on behalf of our family.A.V. Ter-Gazaryan, 12.07.2022 11:32:19
Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
I would strongly recommend this company to anyone who is looking for a property in Montenegro.Val , 13.05.2022 03:18:13
We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.Mandy and Antoine, 06.10.2021 09:56:22
Biz Montenegroda CMM komandayla tanish olmushug. Snejana ve Milan bize cox yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!
Dilara, 01.10.2019 07:17:27
Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!
Kate, 22.03.2019 12:06:21