Referred as an Old Lady, capital of Montenegro is definitely wearing new shining clothes. Counting less than 5.000 residents after the World War II, Podgorica redeveloped significantly but it cannot be compared with a rocket development it experienced after Montenegro regained its independence back in 2006.
Today, approximates are that Podgorica has around 250.000 residents. Just to be picturesque, in 2021. Podgorica had 217.000 residents meaning the number of residents increases around 7-8% by year.
Podgorica is economic, financial and cultural center of Montenegro. Around 60% of Montenegro’s yearly revenue is made in Podgorica. Last 15 years Podgorica and Montenegro opened itself to the world, becoming desirable place for investment and a pleasant destination to live, beside a beautiful option for holidays.
Number of foreign companies is constantly growing. For example, from 2020 to nowadays it tripled, counting more than 18.000 in whole Montenegro, from which 30% refers to its capital Podgorica.
Tourism is the driver of the economic growth in Montenegro and the most important economic sector, impersonating the back bone of the Montenegrins economy. Although not the first thought when one thinks of tourism in Montenegro, Podgorica is certainly one of the drivers of economic growth.
Foreign investments are attributing considerably to Montenegro’s popularity and growth. But that is not just because of its beauty. It is about great investment potential.
Podgorica offers affordable prices of real estate and almost immediate placement on the market. Regardless is it for selling or to renting, the demand for real estate is rocket high and still raising. Demand for real estate in whole Montenegro is constantly increasing but Podgorica takes the throne when it comes to ROI.
With many green areas, parks and playgrounds, beautiful hill Gorica and favorable warm climate and all that with affordable prices comparing to other neighboring countries, especially ones with the enchanting Mediterranean Sea, Podgorica and Montenegro are becoming more and more recognized as a pleasant, safe, beautiful and affordable place for working and living.
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