Montenegro Construction Market Report

This report covers Montenegrin construction sector starting with its importance to the national economy. It examines the major regulations in the sector and the main players.

The residential construction in Montenegro registered an average annual growth of 15% between 2000 and 2007. The office supply in Montenegro, especially in the capital Podgorica, is very limited.

In 2007 the demand for apartments in Podgorica was fueled by the increasing purchasing power of the population, favourable credit policies and lower interest rates.

The construction sector is backed strongly by the tourism and real estate developments. Montenegro’s tourism revenue rose by an annual 7.4% to EUR 403 mln. The Montenegrin real estate sector accounted for 38.5% of the FDI inflow in the country.

Contents

MONTENEGRO CONSTRUCTION MARKET REPORT COVERS:

• Industry Overview
• History & Geography
• Major Developments
• Leading Companies
• Employment
• Supply
  - Residential construction
  - Office supply
  - Transport & Infrastructure
• Demand
• Investments
• Associated industries & factors
• Forecasts

LIST OF TABLES IN THIS REPORT:

• Main Economic Indicators
• Share of Construction Works in GDP
• Average Number of Employees
• Average Monthly Salary of Employees
• Number of Newly-Built Dwellings and Useful Floor Area
• Residential Projects Completed in Podgorica
• Main Retail Projects under Construction in Podgorica
• Selling Prices of Newly-Built Dwellings in Montenegro
• Selling Prices of Apartments in Podgorica
• Selling Prices of Retail Space in Podgorica
• Foreign Tourist Arrivals and Ovenrights Skip to top