Property Prices in Montenegro

Index Info
Price to Income Ratio: 12.95
Mortgage as Percentage of Income: 109.69%
Loan Affordability Index: 0.91
Price to Rent Ratio - City Centre: 16.86
Price to Rent Ratio - Outside of Centre: 17.42
Gross Rental Yield (City Centre): 5.93%
Gross Rental Yield (Outside of Centre): 5.74%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 616.82 € 460.00-1,000.00
Apartment (1 bedroom) Outside of Centre 468.29 € 350.00-650.00
Apartment (3 bedrooms) in City Centre 1,126.80 € 750.00-1,800.00
Apartment (3 bedrooms) Outside of Centre 833.45 € 600.00-1,400.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 212.22 € 157.93-278.71
Price per Square Feet to Buy Apartment Outside of Centre 164.56 € 130.06-232.26
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 782.89 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.81 5.00-7.00

These data are based on 631 entries in the past 18 months from 117 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References

By City in Montenegro

Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Budva 17.6 6.0 6.1 16.7 16.4 150.9 0.7
Podgorica 11.4 5.5 5.5 18.2 18.1 98.1 1.0
Tivat 16.8 5.2 4.6 19.3 21.9 136.0 0.7
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