Market Size of Montenegro Home Mortgage Finance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Montenegro Home Mortgage Finance Market Analysis
The Montenegro Home Mortgage Finance Market is currently valued at USD 2.5 billion and is expected to register a CAGR of 8% during the forecasted period.
The outbreak of the COVID-19 pandemic harmed the financial services sector. The individuals' debt and wealth levels became very bad. For individual homeowners, mortgage debt is the single largest source of debt. It includes the greatest effect on their finances and ability to stay solvent through wage decreases or wage losses.
For lenders, mortgages are typically the most significant asset on their retail banking book. It results in changes in originations, repayment schedules, and default rates, significantly impacting their profitability and liquidity.
When buying a property in Montenegro, arranging a mortgage can become an issue for some people, and acquiring a loan for real estate from non-residents takes work. However, the rise in the need to streamline housing lending services and increased disposable income to purchase housing is expected to grow this market during the forecasted period.
The country comprises a stable currency, low real estate tax rates, and the opportunity to obtain residence through property purchase and citizenship through investment. The Montenegro housing mortgage finance market is a popular place for investment for many people.
