Revenue
8.8% of sector revenue
592 companies earned 20.26m€ in 2025, 8.8% of Real estate sector revenue. Revenue has grown 2.8× since 2015.
8.8% of sector revenue
408 with at most one employee
Largest employer: CMM (42)
Median company -12.2% · 25% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 592
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Totals include 1 sole proprietor: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 7,178,667€ | 282 |
| 2016 | 15,113,303€ | 270 |
| 2017 | 6,385,419€ | 271 |
| 2018 | 7,151,355€ | 302 |
| 2019 | 7,500,293€ | 350 |
| 2020 | 4,731,640€ | 364 |
| 2021 | 21,001,356€ | 384 |
| 2022 | 16,125,025€ | 467 |
| 2023 | 19,754,577€ | 533 |
| 2024 | 16,799,695€ | 598 |
| 2025 (Preliminary) | 20,258,269€ | 592 |
7.1% |
| 1,431,014€ |
| -7.8% |
| 53,476€ |
| 3.7% |
| 42 |
| 1,259€ |
| 3 | Rigger Real Estate Group03533522 · Tivat | 4.9% | 982,883€ | +140.9% | 24,142€ | 2.5% | 1 | 675€ |
| 4 | Capital Project02979837 · Podgorica | 4.7% | 959,257€ | +21.0% | 542,397€ | 56.5% | 1 | — |
| 5 | Olive Coast03292606 · Herceg Novi | 4.5% | 913,936€ | +20.1% | 159,503€ | 17.5% | 2 | 25,805€ |
| 6 | Luxury Properties03284077 · Tivat | 3.7% | 758,998€ | +34.6% | 150,746€ | 19.9% | 12 | 1,286€ |
| 7 | Montesun Group03255077 · Budva | 3.4% | 697,035€ | +77.6% | 104,731€ | 15.0% | 10 | 776€ |
| 8 | Meer03375129 · Budva | 3.1% | 620,034€ | -21.4% | -30,373€ | -4.9% | 1 | 809€ |
| 9 | Fresh02811260 · Podgorica | 3.0% | 610,263€ | +165.0% | 95,337€ | 15.6% | 10 | 1,046€ |
| 10 | Vastgoed-Luštica03284484 · Tivat | 2.5% | 506,543€ | +794.2% | 213,444€ | 42.1% | 2 | 2,216€ |
| 11 | 2LB Montenegro03049817 · Tivat | 2.3% | 467,971€ | +46.7% | -26,328€ | -5.6% | 5 | 1,058€ |
| 12 | Old Town Invest Group02638533 · Budva | 1.7% | 338,843€ | +191.4% | 45,009€ | 13.3% | 2 | 666€ |
| 13 | Value102833131 · Tivat | 1.6% | 320,048€ | -1.4% | 70,572€ | 22.1% | 4 | 1,636€ |
| 14 | Luxury Homes02810042 · Podgorica | 1.5% | 300,283€ | +65.0% | 123,228€ | 41.0% | 4 | 1,298€ |
| 15 | Montenegro Prospects02691094 · Bar | 1.5% | 296,030€ | +29.4% | 40,960€ | 13.8% | 7 | 1,104€ |
| 16 | Status-M03070719 · Budva | 1.3% | 258,605€ | +16.8% | 19,803€ | 7.7% | 5 | 1,149€ |
| 17 | Montenegrodom Company02736063 · Tivat | 1.3% | 258,133€ | +72.9% | 87,938€ | 34.1% | 2 | 797€ |
| 18 | Adriatic Dream Estate03659771 · Budva | 1.2% | 248,373€ | +14.8% | -23,719€ | -9.5% | 4 | 1,047€ |
| 19 | Stole Co02452065 · Bar | 1.2% | 247,559€ | +2,847.1% | -50,819€ | -20.5% | 2 | 674€ |
| 20 | Sale and Rent03223299 · Podgorica | 1.1% | 229,438€ | -36.9% | 3,068€ | 1.3% | 4 | 1,561€ |
| 21 | Concord Nekretnine03550575 · Podgorica | 1.1% | 221,766€ | +82.2% | 64,570€ | 29.1% | 6 | 966€ |
| 22 | Babaj03235815 · Ulcinj | 1.1% | 220,383€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -105,992€ | -48.1% | 1 | 678€ |
| 23 | Colliers International02687194 · Podgorica | 0.9% | 187,555€ | -11.6% | 13,932€ | 7.4% | 3 | 1,988€ |
| 24 | Adriatic Appraisal Montenegro03087875 · Podgorica | 0.8% | 164,885€ | +37.2% | 463€ | 0.3% | 4 | 2,438€ |
| 25 | New Level03544915 · Herceg Novi | 0.8% | 160,889€ | +8.7% | 17,948€ | 11.2% | 1 | 1,199€ |
| 26 | Star Properties Montenegro02638576 · Budva | 0.7% | 148,565€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,563€ | -15.2% | 1 | 680€ |
| 27 | Resido Montenegro02786605 · Tivat | 0.7% | 142,288€ | -54.4% | 8,312€ | 5.8% | 4 | 981€ |
| 28 | MNR Capital03362094 · Tivat | 0.7% | 139,236€ | +77.1% | 91,719€ | 65.9% | 1 | 987€ |
| 29 | Nekretnine Nikšić03291537 · Nikšić | 0.7% | 139,229€ | -8.3% | 51,463€ | 37.0% | 3 | 546€ |
| 30 | Patrimonium03472914 · Podgorica | 0.7% | 134,504€ | +2,590.1% | 19,841€ | 14.8% | 2 | — |
| 31 | Mediterraneo02843650 · Ulcinj | 0.6% | 124,912€ | +68.8% | 8,728€ | 7.0% | 2 | 394€ |
| 32 | DTM Mne03353419 · Podgorica | 0.6% | 117,992€ | -62.2% | 68,201€ | 57.8% | 1 | 1,598€ |
| 33 | Montenegro Property Group03446573 · Herceg Novi | 0.6% | 117,349€ | -15.8% | 6,087€ | 5.2% | 1 | 1,190€ |
| 34 | Rational Group03230546 · Podgorica | 0.6% | 113,540€ | +17.1% | -24,335€ | -21.4% | 4 | 708€ |
| 35 | Mbroker03615189 · Tivat | 0.6% | 112,062€ | +5.2% | -11,675€ | -10.4% | 2 | 875€ |
| 36 | Pearl Remax03185613 · Podgorica | 0.6% | 111,822€ | +1.8% | -525€ | -0.5% | 1 | 1,050€ |
| 37 | Areateam03339327 · Podgorica | 0.5% | 109,561€ | +74.0% | 7,171€ | 6.5% | 2 | 1,784€ |
| 38 | Ars Intertrade03438686 · Tivat | 0.5% | 108,400€ | +202.4% | 30,780€ | 28.4% | 7 | 613€ |
| 39 | Duki Komerc02371421 · Budva | 0.5% | 107,821€ | +24.8% | 3,255€ | 3.0% | 5 | 808€ |
| 40 | New Territory02464993 · Tivat | 0.5% | 107,651€ | -32.8% | -24,780€ | -23.0% | 3 | 2,060€ |
| 41 | Red Feniks Montenegro02808048 · Budva | 0.5% | 106,975€ | -30.6% | 10,660€ | 10.0% | 5 | 525€ |
| 42 | Ah Technology02924285 · Budva | 0.5% | 98,829€ | -35.0% | 35,894€ | 36.3% | 2 | 654€ |
| 43 | One More Group Mne03482448 · Budva | 0.5% | 93,011€ | -40.7% | -16,801€ | -18.1% | 5 | 759€ |
| 44 | Casa Estate03410722 · Podgorica | 0.5% | 92,721€ | +76.5% | 14,860€ | 16.0% | 2 | 2,191€ |
| 45 | Zenit Max03355624 · Kolašin | 0.4% | 84,817€ | -20.1% | 4,978€ | 5.9% | 1 | 593€ |
| 46 | MP Property02734885 · Bar | 0.4% | 84,704€ | +49.4% | 9,018€ | 10.6% | 3 | 1,228€ |
| 47 | Rem03248704 · Podgorica | 0.4% | 83,239€ | +130.3% | -11,015€ | -13.2% | 5 | 684€ |
| 48 | Objekta Real Estate03362418 · Tivat | 0.4% | 81,462€ | +76.0% | 11,686€ | 14.3% | 2 | 934€ |
| 49 | Bijeli Lav03119599 · Budva | 0.4% | 79,325€ | -8.7% | 8,209€ | 10.3% | 2 | 799€ |
| 50 | Apl Holdings03613003 · Budva | 0.4% | 75,905€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 17,415€ | 22.9% | 1 | 1,718€ |