Hi, I'm Ana Pajkovic.
I help international buyers buy property in Montenegro and Belgrade.
Independent advice from search to completion. Montenegro's coast and mountains, plus Belgrade, Serbia.
15 years on the coast · 3 in Belgrade
Selected Properties
Every project is personally vetted for developer quality, location and long-term resale potential.
Boka Verde
Starting from
€239,926
Oravista
Starting from
€200,000
The Peaks
Starting from
€859,000
Start with the right knowledge
Guides covering legal process, pricing, rental potential, and where to buy.
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Buying Property in Montenegro
Montenegro · Country Guide
Legal process, taxes, residency, and closing costs for foreign buyers.
10 min read
Is Buying Off-Plan Property Safe in Montenegro?
Montenegro · Buyer Trust
Montenegro has no escrow or completion insurance for off-plan. Here's what actually protects a buyer instead - and the two questions to ask before you sign.
6 min read
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Buying Property in Belgrade
Belgrade · Country Guide
Legal process, taxes, residency, and closing costs for foreign buyers and investors.
12 min read
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Prefer to talk? Book a 15-min call with Ana.
Latest Market Signals
Infrastructure, policy, and demand shifts shaping Montenegro's property market.
How many one-bedroom apartments are really for sale in Baia and Aqua, Porto Montenegro?
**Four.** On 10 September 2026 there were fourteen advertisements for one-bedroom apartments in the Baia and Aqua buildings at the Regent Pool Club Residences, Porto Montenegro, placed by nine different agencies. Behind those fourteen advertisements there are six apartments. Two of the six have already sold and are still being advertised, and one advertisement is not a real offer at all, so four of the fourteen adverts lead nowhere. Four apartments are actually for sale, at asking prices from **€745,000 to €850,000**. Three of the four name Baia; one names only the Regent. ## What I found when I opened all fourteen I opened every advertisement individually on 10 September and matched them to each other on the photographs rather than on the stated area, because every agency measures its own way. One apartment is running under four advertisements from four different agencies, at €745,000 twice and €750,000 twice, described as 77, 78 and 80 m². A second is advertised twice, at €770,000 and €819,000. Two apartments that have already sold are still being advertised, one of them for over a year. The cheapest advertisement in the building says €476,000. I telephoned that agency. They could tell me nothing about the apartment and they do not have it for sale, and the advert has been running for 427 days. ## The fourteen advertisements, grouped by apartment | Advertisements | Building | What is behind them | Asking prices | Stated size | |---|---|---|---|---| | 4 | Baia | One apartment, for sale | €745,000, €745,000, €750,000, €750,000 | called 77, 78 and 80 m² | | 3 | Baia | One apartment, for sale | €850,000, two with the price hidden | 98 m² | | 1 | Baia | One apartment, for sale | €850,000 | 81 m² | | 2 | not stated | One apartment, for sale | €770,000, €819,000 | called 78 and 80 m² | | 2 | Baia | An apartment that has already sold | €714,000, €720,000 | called 68 and 69 m² | | 1 | Aqua | An apartment that has already sold | price on request | 81 m² | | 1 | Baia | No apartment. I telephoned; it is not for sale | €476,000 | 76.93 m² | Fourteen advertisements. Six apartments. Four you can buy, from **€745,000 to €850,000**. Four of the fourteen advertisements are for apartments that have sold or for no apartment at all. ## Why the portal is wrong about this building Montenegro has no MLS and no public register of sale prices. Nothing obliges an agency to take an advertisement down when a flat sells, nothing stops five agencies advertising one flat five ways, and asking prices are all anyone can see from the outside. A portal listing count and the cheapest advertised price are both wrong, and they are wrong in the same direction: the market looks bigger and cheaper than it is. Count apartments rather than advertisements, and match them on the photographs. I sell property here, so treat this as my view. ## What I'd watch Whether that €476,000 advertisement is still running next month. Related: [Montenegro asking prices city by city, summer 2026](/insights/montenegro-asking-prices-city-by-city-summer-2026) · [Coastal new-builds hit €2,838 a metre in Q2](/insights/coastal-new-builds-hit-2838-a-metre-q2-2026) · [Buying property in Montenegro](/guides/buying-property-in-montenegro)
September 10, 2026 · 8:10 PM
Coastal new-builds hit €2,838 a metre in Q2. What that average hides
MONSTAT published its preliminary Q2 new-build figures on 20 August. Montenegro averaged **€2,557 a metre**. The coast averaged **€2,838**, up **21.6%** on last year. That figure averages the first-sale contracts signed anywhere on the coast, from Ulcinj and Bar up to Boka. It shows you direction rather than the value of a specific apartment, and the branded Boka projects I sell sit well above it. In plain money, sixty square metres at the coastal average is about **€170,300** today, against roughly **€140,000** a year ago. That is a little over **€30,000** on the same apartment in a year. One quarter is not a trend, and I sell coastal property, so treat this as my read. If you want real numbers instead of an average, ask me for the current offer sheet on the project you are looking at. The quarterly figures and how they have moved are on my [market data page](/market-data). ## What I'd watch Whether Q3 holds above **€2,800** once the summer contracts are counted.
August 20, 2026 · 9:00 AM
EBRD opens its draft Montenegro plan for public comment until 21 August
The EBRD has published its draft Montenegro strategy for 2026-2031. Until 21 August, businesses, banks, NGOs and individuals can submit comments before the strategy is finalised. No form or account needed - comments can be sent directly to [MontenegroCountryStrategyPublicConsultation@ebrd.com](mailto:MontenegroCountryStrategyPublicConsultation@ebrd.com). ## The three priorities Private-sector competitiveness and access to finance; the green transition, including clean energy, energy-efficient buildings and municipal services; and better transport, energy and digital connectivity. The Bar-Boljare highway is explicitly named. ## Housing is not a priority Housing and mortgages are not a named pillar. The buyer-relevant thread is green finance for households: energy-efficiency credit lines such as GEFF REPower and Go Green, distributed through local banks. That's the same direction as the €7m NLB green mortgage line and €20m Hipotekarna facility. So there is a mortgage story here, but it's narrow: financing greener homes, not expanding mortgage access broadly. The draft also describes Montenegro's financial system as highly bank-centric, with limited availability of long-term financing. For buyers - particularly non-residents - I would not read this strategy as signalling a near-term transformation in mortgage availability. ## Tourism is treated more as a concentration risk than a growth priority The draft says economic activity remains heavily concentrated in seasonal tourism and puts the emphasis on diversification. There is no dedicated sustainable-tourism financing pillar. Yachting, marinas and maritime development are not mentioned in the draft. ## What I'd watch Whether the final strategy gives housing finance any greater weight after consultation closes on 21 August.
August 7, 2026 · 11:15 AM
My market notes
What's launching, what's changing, what I'd look at. 2x a month.