MARKET
Herceg Novi property prices
Herceg Novi is the town of stairways and sunshine at the entrance to Boka, with apartments in Igalo, Topla and Meljine and villas along the shore all the way to Rose. Prices are lower than in Kotor and Tivat, and the closeness of Dubrovnik and the border draws buyers from across the region.
Updated: November 1, 2026
All properties in Herceg NoviMedian price per m² · apartments for sale, Herceg Novi
€3,224€/m²
- Since January
- −12,9%
- Vs. last month
- −1,5%
From 215 active sale listings. Earlier years are covered by market analysis, so changes are computed only within our own data.
Cities by price per m²
- 1Tivat−3,6%€5,396759 listings
- 2Kotor+6,2%€3,804297 listings
- 3Budva−1,8%€3,4931,252 listings
- 4Herceg Novi−12,9%€3,224215 listings
- 5Kolašin+25,0%€3,12534 listings
- 6Bar+2,0%€2,789640 listings
- 7Podgorica+2,9%€2,772584 listings
- 8Ulcinj—€2,21139 listings
Not enough listings for a reliable average: Nikšić
Price trend
Price per m² (€), monthly average — Herceg Novi
Year
Prices by year
Average of all listings in the year. Figures up to 2025 come from market analysis, and from 2026 from listings published on DreamEstate — which is why change across the two sources is not shown.
| Year | Avg €/m² | Annual change | Source |
|---|---|---|---|
| 2023 | €2,313 | — | Market analysis |
| 2024 | €2,778 | +20,1% | Market analysis |
| 2025 | €3,202 | +15,3% | Market analysis |
| 2026 | €3,346 | — | DreamEstate |
Neighbourhoods
Apartment prices by neighbourhood
Median price per m², typical price and number of listings per neighbourhood, from active sale listings.
| Neighbourhood | Price €/m² | Typical price | Rent €/m²/mo | Yield | Listings |
|---|---|---|---|---|---|
| Kumbor | €4,221 | €589,765 | — | — | 27 |
| Igalo | €3,259 | €241,725 | — | — | 24 |
| Djenovici | €3,124 | €590,881 | — | — | 18 |
| Topla | €2,811 | €187,249 | — | — | 11 |
| Baošici | €2,700 | €354,635 | — | — | 17 |
| Bijela | €2,556 | €302,695 | — | — | 11 |
| Kamenari | €2,494 | €176,188 | — | — | 8 |
Source: listings published on DreamEstate, snapshot November 2026. Earlier years are covered by market analysis. Changes are computed within the same source only.
Structure
Apartment prices by size
Median price per m², typical total price and size by number of rooms, from active listings.
- Studios€4,049/m²
- Typical price
- €132,396
- Avg. size
- 32 m²
- Listings
- 6
- 1-bedroom€3,150/m²
- Typical price
- €241,918
- Avg. size
- 98 m²
- Listings
- 82
- 2-bedroom€3,277/m²
- Typical price
- €338,397
- Avg. size
- 85 m²
- Listings
- 66
- 3-bedroom€3,778/m²
- Typical price
- €745,535
- Avg. size
- 165 m²
- Listings
- 33
- 4+ bedrooms€2,779/m²
- Typical price
- €866,443
- Avg. size
- 248 m²
- Listings
- 28
Source: listings published on DreamEstate, snapshot November 2026. Earlier years are covered by market analysis. Changes are computed within the same source only.
Share
Listing structure
Share of property types in the current sale listings.
- Apartments215 listings · €3,224/m²55,0%
- Houses143 listings · €2,736/m²36,6%
- Land28 listings · €184/m²7,2%
- Commercial5 listings · €1,658/m²1,3%
LISTINGS
Properties in Herceg Novi
The latest listings for sale in this city.
Sale, one-bedroom apartment, 32m², Herceg Novi
Herceg Novi
32 m² · 1 room · 1. floor
102.000 €
Details →
Three-story house for sale in Herceg Novi
Herceg Novi, Herceg-Novi
360 m² · 7 rooms
450.000 €
Details →
Sale, one-bedroom apartment, 49m², Herceg Novi
Herceg Novi
49 m² · 1 room · 1. floor
158.000 €
Details →
One-bedroom apartment with a sea view in Igalo
Herceg Novi
57 m² · 1 room · 1. floor
137.000 €
Details →
For sale, one-bedroom apartment, 48m², Herceg Novi
Herceg Novi
48 m² · 1 room · 1. floor
286.860 €
Details →
For sale, one-bedroom apartment, 55m², Igalo, Herceg Novi
Herceg Novi, Igalo
55 m² · 1 room · 3. floor
135.000 €
Details →QUESTIONS
Frequently asked questions about the market
What is the average property price in Herceg Novi?
The average price per square metre in Herceg Novi is €3,224/m² for properties for sale. The figure is calculated from active listings and official statistics and is refreshed daily, so it differs from the price of any single property, which depends on location, floor, year built and condition.
How are prices in Herceg Novi changing?
Since the start of the year the average price per m² in Herceg Novi has changed by −12,9%. The chart above shows monthly movement; you can narrow the period to one or three years.
Is now a good time to buy in Herceg Novi?
It depends on the purpose: for a home to live in, the loan instalment and upkeep costs matter most, while for an investment the rental yield and seasonality of demand matter most. Compare Herceg Novi with neighbouring cities in the table above and check current listings before you decide.
Can foreigners buy property in Herceg Novi?
Foreign nationals can buy apartments, houses and commercial units in Montenegro on the same terms as locals; agricultural land and forests carry restrictions that are resolved by setting up a locally registered company. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges.
About the data on this page
Price data comes from active listings on the DreamEstate platform, consolidated historical series for 2020-2022 and official statistics. Prices are expressed in euros per square metre and represent an average, not a valuation of any single property. To value a specific property, contact an agency or a licensed appraiser.
The prices shown are average values per m² calculated from publicly available listings and official statistics. Actual prices depend on location, floor, property condition and other factors, so the figures are for informational purposes only.