Property Prices in Montenegro
| Index |  |
|---|---|
| Price to Income Ratio: | 13.04 |
| Mortgage as Percentage of Income: | 110.90% |
| Loan Affordability Index: | 0.90 |
| Price to Rent Ratio - City Centre: | 17.14 |
| Price to Rent Ratio - Outside of Centre: | 17.42 |
| Gross Rental Yield (City Centre): | 5.84% |
| Gross Rental Yield (Outside of Centre): | 5.74% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 616.69 € | |
| Apartment (1 bedroom) Outside of Centre | 470.12 € | |
| Apartment (3 bedrooms) in City Centre | 1,117.22 € | |
| Apartment (3 bedrooms) Outside of Centre | 827.33 € | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 214.84 € | |
| Price per Square Feet to Buy Apartment Outside of Centre | 164.37 € | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 782.62 € | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.87 |
These data are based on 646 entries in the past 18 months from 119 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 | 11.8 | 5.3 | 5.3 | 18.7 | 18.9 | 101.8 | 1.0 | |
| Tivat | 16.8 | 5.2 | 4.6 | 19.3 | 21.9 | 136.0 | 0.7 |
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