Tivat Economic Profile 2026
Key macroeconomic and demographic indicators
Population
15,500
Montenegro Statistical Office, Census 2023
Average gross salary
€1,480
▼ 8.4% YoY
Ø Jan–Feb '26
Tourist overnights Jan–Feb
~9,829
12.9% of coastal share
Tivat Apartment Prices by Type — Q1 2026
Average for Q1 2026
Below are the average apartment prices in Tivat by type, based on active listings on Estitor.
| Property type | Avg price/m2 | Avg total price | Annual trend | Listings |
|---|---|---|---|---|
| studios | 4,705 €/m² | 174,784 € | +11.1% | 110 |
| one-bedroom apartments | 4,488 €/m² | 241,652 € | +6.8% | 795 |
| two-bedroom apartments | 4,087 €/m² | 361,223 € | -0.2% | 863 |
| three-bedroom apartments | 3,757 €/m² | 475,736 € | +1.8% | 214 |
Note: Average prices are calculated based on the median asking prices from active listings on the Estitor platform and do not include negotiation discounts, which average 5-10%.
Tivat Property Price History
Avg price/m² trend for apartments
Avg price/m² apartments in Tivat (EUR)
Quarterly Price Change Trend in Tivat:
Price per m² in Tivat has increased by 6.3% over the last 12 months (from 3,943 €/m² to 4,192 €/m²).
| Period | Avg price/m² | Quarterly change | YoY change |
|---|---|---|---|
| Q1 2026 | 4,192 € | +4.5% | +6.3% |
| Q4 2025 | 4,013 € | -2.2% | — |
| Q3 2025 | 4,101 € | -0.3% | — |
| Q2 2025 | 4,115 € | +4.4% | — |
| Q1 2025 | 3,943 € | — | — |
Tivat Neighborhood & Location Analysis
Prices and trends by location
Tivat se sastoji od nekoliko ključnih zona, svaka sa specifičnom dinamikom cijena i ciljnom grupom kupaca. U nastavku je detaljan pregled svake lokacije.
Porto Montenegro —
Per m²: 7,243 €/m²
YoY change: —
Active listings: 302
Luštica Bay Rising
Per m²: 7,214 €/m²
YoY change: +19.6%
Active listings: 212
Donja Lastva Stable
Per m²: 4,021 €/m²
YoY change: +3.4%
Active listings: 203
Centar Rising
Per m²: 4,427 €/m²
YoY change: +9.6%
Active listings: 124
Seljanovo Rising
Per m²: 4,157 €/m²
YoY change: +10.9%
Active listings: 108
Mrčevac —
Per m²: 3,307 €/m²
YoY change: —
Active listings: 93
Luštica —
Per m²: 7,098 €/m²
YoY change: —
Active listings: 91
Kava Stable
Per m²: 3,668 €/m²
YoY change: +3.2%
Active listings: 86
Krašići —
Per m²: 3,417 €/m²
YoY change: —
Active listings: 59
Mažina Rising
Per m²: 4,022 €/m²
YoY change: +6.9%
Active listings: 49
Kalimanj —
Per m²: 4,095 €/m²
YoY change: —
Active listings: 37
Radovići —
Per m²: 3,149 €/m²
YoY change: —
Active listings: 34
Tivat Investment Potential & Rental ROI
ROI analysis and investment opportunities
Rental yield by municipality / neighbourhood
| Municipality | Avg price/m2 | Avg rent | Avg size | Gross yield |
|---|---|---|---|---|
| Porto Montenegro | 7,243 € | — | 95 m² | — |
| Luštica Bay | 7,214 € | — | 60 m² | — |
| Donja Lastva | 4,021 € | 723 € | 86 m² | 2.5% |
| Centar | 4,427 € | 908 € | 68 m² | 3.6% |
| Seljanovo | 4,157 € | 762 € | 55 m² | 4.0% |
| Mrčevac | 3,307 € | — | 72 m² | — |
Investment Example Calculation
Average apartment of 72m² in Tivat — based on current market data.
Purchase price
301,824 €
72m² x 4,192 €
Annual rental income
12,096 €
gross income
Gross yield
4.0%
annually
5-year projection
382,000 €
with 4.1% annual growth
Disclaimer: These projections are based on historical trends and do not guarantee future results.
Purchase Costs in Tivat
| Item | Amount | Note |
|---|---|---|
| Property transfer tax | 3% – 6% | Progressive scale for values above €150,000 |
| VAT (new build) | 21% | Already included in price; 3% transfer tax does not apply |
| Notary fees | ~€400 – €700 | Mandatory, set by notary tariff |
| Land registry fee | €50 – €200 | Administrative fees for title registration |
| Agency commission | 3% – 6% | Not fixed; paid by buyer, seller, or both |
| Legal fees | €500 – €2,000+ | Recommended for legal security |
🎯
Purchasing power and apartment prices
Can local salaries keep up with apartment prices?
Affordability Index
How far does a local salary go toward buying an apartment
Low
~106salaries for a 50m² apartment
🔴 A 50m² apartment costs ~106 average gross salaries. Tivat is an investment market with strong foreign buyer demand.
Gross Salary Trend (€)
Quarterly overview — Tivat
📎 Montenegro Statistical Office — MSP 3/2026 (Jan–Feb 2026)
Ø salary Jan–Feb '26
€1,480
Annual change
-8.4%
Average gross salary in Tivat shows an 8.4% annual decline (Ø Jan–Feb '26 vs. Q1 '25): Jan €1,467, Feb €1,493.
Gross Salary — Tivat 2026
| Period | Salary | Source |
|---|---|---|
| January '26 | €1,467 | 📎 |
| February '26 | €1,493 | 📎 |
| Q1 '26 avg | €1,480 | 📊 |
📎 Montenegro Statistical Office data · 📊 Prediction based on official data for January and February, based on historical earnings trends.
Tivat Property Buying Guide
Step-by-step process for domestic and foreign buyers
Purchase Process
- 1 Property search & selection — Browse listings via agencies and platforms, analyse location and prices, schedule viewings.
- 2 Negotiation & offer — Agree on price, timeline and conditions with the seller.
- 3 Legal check (due diligence) — Verify ownership at the land registry, any liens or mortgages, building and occupancy permits, and potential legal restrictions or disputes.
- 4 Preliminary contract (optional) — Sign a preliminary contract with a deposit (typically ~10%) while final checks are completed.
- 5 Foreign buyer registration number — Foreign buyers must obtain a registration number from the Tax Authority, required for the transaction and tax obligations.
- 6 Notarisation of the purchase agreement — The contract is signed before a notary. For foreign nationals who do not speak the official language, a licensed court interpreter is legally required.
- 7 Payment & land registry — Payment is made exclusively via bank transfer, after which the notary submits the title registration request.
Required Documentation
- Identity document (ID card or passport)
- Registration number (for foreign buyers)
- Proof of address (if required)
- Proof of source of funds (required by the bank for the transaction)
- Property sheet (land registry extract)
- Building and occupancy permit (if applicable)
- Energy certificate (if available)
- Marriage certificate (if applicable, with translation)
- Power of attorney (if one party is not present)
- Court interpreter (for foreign buyers)
- Confirmation of local bank account (from which the transfer is made)
Important notes:
- Payment is made via bank transfer, with mandatory proof of source of funds in line with anti-money laundering regulations.
- Foreign buyers can freely purchase property, except for certain categories of land (e.g. agricultural land).
- The notary plays a key role in validating the transaction and initiating the registration process.
The property purchase process in Montenegro is well-defined and relatively standardised, but requires careful legal verification and compliance with banking and tax procedures, especially for foreign investors.
Tivat Real Estate Forecast 2026
What to expect in the real estate market
Based on current trends, macroeconomic indicators and development plans, we expect continued moderate price growth in Tivat real estate during 2026. Average asking price: <strong class="text-gray-700">4,192 €/m²</strong>, with variations by location and property type.
Key Factors Affecting the Tivat Market
EU integration ↑ Positive
Montenegro's progress toward EU membership positively impacts investor confidence.
77% of imports from EU countries (Jan 2026)
Tourism traffic ↑ Positive
Tivat recorded ~9,829 tourist overnight stays in Jan–Feb 2026, with a 12.9% share of total coastal overnight stays.
MSR 3/2026 (Jan–Feb 2026)
Salaries → Neutral
Average gross salary in Tivat is €1,480 per month (avg. Jan–Feb 2026), down 5.8% versus the same period last year.
MSR 3/2026 (Jan–Feb 2026)
Infrastructure ↑ Positive
Porto Montenegro development and road infrastructure improvements are increasing the city's appeal.
Active infrastructure projects underway
Price Projections for 2026
Starting price: 4,192 €/m² (Q1 2026, average). Projections based on historical trend and Montenegro Statistical Office indicators.
| Scenario | Expected annual growth | Avg price/m² end of 2026 | Probability |
|---|---|---|---|
| Optimistic | +8-10% | 4,569 €/m² | 25% |
| Base BASE | +5-7% | 4,444 €/m² | 55% |
| Conservative | +2-4% | 4,318 €/m² | 20% |
Disclaimer: Based on official Montenegro Statistical Office data (Monthly Statistical Review 3/2026). They do not constitute financial advice and do not guarantee future results. Actual price growth depends on global macroeconomic conditions, geopolitical situation and local regulatory changes.
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Frequently Asked Questions
Frequently asked questions about real estate in Tivat
Based on analysis of 2421 active listings, the average price for an apartment in the city of Tivat is 4,192 €/m².
Analyzing data from the last 3 years, property prices in the city of Tivat show steady growth of 6.3% annually.
Sales velocity: A listing of an apartment stays on the market for 45-60 days before it is removed.
The average monthly rent is 796 €. The estimated average annual gross return on investment (ROI) is 3.1%, excluding property value appreciation.
Methodology: Data in this report is based on analysis of active and sold listings on the Estitor platform, publicly available data from the Real Estate Directorate of Montenegro, and aggregated data from partner agencies. Prices represent the median asking price and may differ from final transaction prices. The report is automatically updated at the beginning of each quarter.
Last updated: Q1 2026 | Next update: July 2026
Last updated: Q1 2026 | Next update: July 2026