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Montenegro Velje Brdo housing project

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What changed

2026-08-03 10:44 UTC → 2026-08-07 15:44 UTC · added removed

The Montenegrin government confirmed has kept its guarantee that apartments in the Velje Brdo residential development will be built sold at a guaranteed price of €1,000 per square metre, with construction slated to begin start in December. The first phase will consist of comprise six buildings offering and 185 apartments, and the ministry announced tenders for while the broader project and related infrastructure, including scheme includes a new boulevard. 5.3‑km boulevard and the larger Block A1, which will contain roughly 557 units, underground garages and utilities. In early August, the Ministry of Public Works formally awarded the €33 million contract for the 5.3‑kilometre Velje Brdo boulevard contract to Eurozox and selected the IGP Fidija consortium to design and execute the main works for Block A1, A1 under a €40.1 million contract covering roughly 557 apartments, underground garages and utilities. contract. The contracts set combined tender package totals about €73.1 million, with a 540‑day deadline for the boulevard and require a minimum of requirement for at least ten qualified engineers, marking engineers. Later that week, data released by the transition from planning and price guarantees to concrete ministry showed that the actual construction contracts cost per square metre has risen to over €2,800—significantly above the €1,000 sale price and detailed the Podgorica average. Civic Movement URA deputy president Ana Novaković Đurović criticised the project implementation. as the most expensive housing in the country, arguing that the published price omits full infrastructure expenses and that the state would effectively subsidise more than €1,800 per metre. The criticism comes amid concerns about budget pressures from pension and wage obligations.

Versions

  1. 2026-08-07 15:44 UTC Montenegro Velje Brdo housing project
  2. 2026-08-03 10:44 UTC Montenegro Velje Brdo housing project

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