Property Prices in Montenegro
| Index |  |
|---|---|
| Price to Income Ratio: | 12.26 |
| Mortgage as Percentage of Income: | 105.08% |
| Loan Affordability Index: | 0.95 |
| Price to Rent Ratio - City Centre: | 16.04 |
| Price to Rent Ratio - Outside of Centre: | 16.49 |
| Gross Rental Yield (City Centre): | 6.23% |
| Gross Rental Yield (Outside of Centre): | 6.06% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 601.49 € | |
| Apartment (1 bedroom) Outside of Centre | 456.86 € | |
| Apartment (3 bedrooms) in City Centre | 1,117.70 € | |
| Apartment (3 bedrooms) Outside of Centre | 821.27 € | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 198.45 € | |
| Price per Square Feet to Buy Apartment Outside of Centre | 152.61 € | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 770.31 € | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.96 |
These data are based on 620 entries in the past 18 months from 119 different contributors.
Last update: April 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 | 17.4 | 5.8 | 5.8 | 17.4 | 17.1 | 140.6 | 0.7 | |
| Podgorica | 11.2 | 5.8 | 5.7 | 17.3 | 17.6 | 97.7 | 1.0 | |
| Tivat | 16.5 | 5.6 | 4.9 | 18.0 | 20.4 | 130.2 | 0.8 |
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