Key information about House Prices Growth

• Montenegro house prices grew 8.2% YoY in Dec 2024, following an increase of 12.8% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2012 to Dec 2024, with an average growth rate of 3.6%.
• House price data reached an all-time high of 36.3% in Sep 2021 and a record low of -21.9% in Sep 2020.

Housing Index in Montenegro increased to 2158 EUR/SQ. METRE in the first quarter of 2025 from 1936 EUR/SQ. METRE in the fourth quarter of 2024. This dataset provides - Montenegro Average Prices of Dwellings in New Residential Buildings- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Montenegro home mortgage finance market, exhibiting a robust CAGR exceeding 8.00%, presents a compelling investment opportunity. Driven by factors such as increasing urbanization, rising disposable incomes, and government initiatives aimed at boosting homeownership, the market is projected for significant growth through 2033. The market is segmented by application (home purchase, refinance, home improvement, others), providers (banks, housing finance companies, real estate agents), and interest rate types (fixed and adjustable). Banks currently dominate the market, holding the largest share, followed by housing finance companies and real estate agents. However, the increasing sophistication of fintech solutions is likely to disrupt this traditional dominance and diversify the provider landscape in the coming years. The preference for fixed-rate mortgages remains high, reflecting risk aversion among borrowers. Nonetheless, adjustable-rate mortgages are expected to gain traction as interest rates fluctuate, potentially attracting a segment of more risk-tolerant borrowers. While challenges such as fluctuating interest rates and potential economic volatility represent restraints, the overall market outlook remains positive, fueled by sustained demand and ongoing government support for the housing sector. Key players like Erste Bank Montenegro, Lovćen Bank, First Bank, Crnogorska Komercijalna Banka, and Ziraat Bank Montenegro are well-positioned to capitalize on this growth, though competition is likely to intensify with new entrants and evolving consumer preferences. The projected market size for 2025, considering the provided CAGR and assuming a reasonable base year market size (estimated based on regional comparisons and similar economies), indicates significant potential. Growth will likely be driven by the home purchase segment, followed by home improvements and refinancing. The fixed-rate mortgage segment will likely retain its larger share, but adjustable-rate mortgages could see growth, particularly during periods of lower interest rates. Government policies impacting interest rates, lending regulations, and housing affordability will play a critical role in shaping the market trajectory. Further analysis of consumer credit scores and affordability indices would further refine the market projections. Recent developments include: October 2022: Montenegro's Erste Bank Podgorica acquired 100% of the capital of S-Leasing Podgorica from the founders of the leasing company, Vienna-based Erste Group Immorent International Holding and Graz-based Steiermaerkische Bank und Sparkassen., February 2022: The European Bank for Reconstruction and Development (EBRD) launched a EUR 4 million ( USD 4.5 million) credit line to Montenegro's Lovcen Banka to support the competitiveness of local small and medium-sized enterprises (SMEs). The credit line will support the post-pandemic recovery of Montenegro's economy and strengthen its resilience in the medium and long term. The EBRD said in a statement earlier this week.. Notable trends are: Growth in Tourism in Montenegro is Anticipated to Drive the Growth of the Market.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Montenegro (CP041MI15MEM086NEST) from Dec 2014 to Jun 2025 about actual, Montenegro, rent, and housing.

The Montenegro Home Mortgage Finance Market is segmented by application (home purchase, refinance, home improvement, and others), providers (banks, housing finance companies, and real estate agents), and interest rate (fixed rate mortgage loan and adjustable rate mortgage loan). The report offers market size and forecasts for Montenegro Home Mortgage Finance Market in value (USD billion) for all the above segments.

Graph and download economic data for Harmonized Index of Consumer Prices: Other Services Relating to the Dwelling N.e.c. for Montenegro (CP0444MI15MEM086NEST) from Dec 2015 to Jun 2025 about Montenegro, services, and housing.

Graph and download economic data for Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for Montenegro (CP04MI15MEM086NEST) from Dec 2014 to Jun 2025 about Montenegro, water, fuels, electricity, gas, and housing.

Montenegro Home Mortgage Finance comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

Graph and download economic data for Harmonized Index of Consumer Prices: Glassware, Tableware and Household Utensils for Montenegro (CP054MI15MEM086NEST) from Dec 2014 to Jul 2025 about Montenegro, tool, garden, equipment, and housing.

Graph and download economic data for Harmonized Index of Consumer Prices: Maintenance and Repair of the Dwelling for Montenegro (CP043MI15MEM086NEST) from Dec 2014 to Jun 2025 about Montenegro, repair, maintenance, and housing.

Graph and download economic data for Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for Montenegro (CP044MI15MEM086NEST) from Dec 2014 to Jun 2025 about Montenegro, water, miscellaneous, supplies, services, and housing.

Graph and download economic data for Harmonized Index of Consumer Prices: Personal Care for Montenegro (CP121MI15MEM086NEST) from Dec 2014 to Jun 2025 about Kosovo, insurance, and housing.

Graph and download economic data for Harmonized Index of Consumer Prices: Personal Care for Euro Area (20 Countries) (CP121MI15EA20M086NEST) from Dec 1999 to Jun 2025 about Montenegro, insurance, and housing.

モンテネグロの住宅価格成長率は、2024-12に8.2 %を記録しました。前期2024-09の 12.8 %と比べると下落の結果となりました。モンテネグロの住宅価格成長率は四半期で更新され、2012-03から2024-12の52つの値で平均は 3.6 %。最高値は2021-09の36.3 %、最低値は2020-09の-21.9 %。住宅価格成長率はActiveステータスデータであり、CEIC Dataが発表元です。当データは、World Trend PlusのGlobal Economic Monitor – Table: House Prices: Y-o-Y Growth: Quarterlyに格納されています。

몬테네그로의 주택 가격 증가은 2024-12에 8.2 %로 보고 되었습니다. 이는 2024-09에 12.8 %라는 이전 수치에 비 해하락한 기록입니다.몬테네그로의 주택 가격 증가 데이터는 계간지마다 업데이트 되며,52개의 관측으로 2012-03부터 2024-12사이에 평균 3.6 %입니다. 이 데이터는2021-09에 36.3 %라는사상 최고치를, 2020-09에 -21.9 %라는 최저치를 기록했습니다. 몬테네그로’의 주택 가격 증가 데이터는 CEIC에 활성 상태로 남아 있으며CEIC Data에 의해 보고되는 정보입니다. 본 데이터는 World Trend Plus의 Global Economic Monitor - Table: House Prices: Y-o-Y Growth: Quarterly하에 분류 됩니다.