Property Prices Comparison Between Montenegro and Italy

For major cities in those countries you get more relevant data by specifying cities.

City in Montenegro:
City in Italy:

Index	Montenegro	Italy
Price to Income Ratio:	12.80	10.23
Mortgage as Percentage of Income:	108.90%	79.51%
Loan Affordability Index:	0.92	1.26
Price to Rent Ratio - City Centre:	16.72	24.27
Price to Rent Ratio - Outside of Centre:	17.42	20.43
Gross Rental Yield (City Centre):	5.98%	4.12%
Gross Rental Yield (Outside of Centre):	5.74%	4.89%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Montenegro Edit	Italy Edit	Difference
Apartment (1 bedroom) in City Centre	610.45 €	755.08 €	+23.7 %
Apartment (1 bedroom) Outside of Centre	462.78 €	570.56 €	+23.3 %
Apartment (3 bedrooms) in City Centre	1,120.66 €	1,360.81 €	+21.4 %
Apartment (3 bedrooms) Outside of Centre	818.77 €	960.79 €	+17.3 %
Buy Apartment Price	Montenegro Edit	Italy Edit
Price per Square Feet to Buy Apartment in City Centre	208.76 €	371.71 €	+78.1 %
Price per Square Feet to Buy Apartment Outside of Centre	162.16 €	229.42 €	+41.5 %
Salaries And Financing	Montenegro Edit	Italy Edit
Average Monthly Net Salary (After Tax)	779.86 €	1,580.52 €	+102.7 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.87	4.77	-18.7 %
Last update:	June 2024	June 2024
Contributors in the past 12 months:	119	1115

Country data (source The World Bank, 2024)	Montenegro	Italy
GDP Per Capita (PPP) ($) :	22,100.00	44,300.00
GDP Growth Rate:	6.41	3.72
Population Growth Rate:	-0.43	-0.11

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