Property Prices in Budva, Montenegro

Index Info
Price to Income Ratio: 16.89
Mortgage as Percentage of Income: 144.41%
Loan Affordability Index: 0.69
Price to Rent Ratio - City Centre: 16.04
Price to Rent Ratio - Outside of Centre: 17.12
Gross Rental Yield (City Centre): 6.23%
Gross Rental Yield (Outside of Centre): 5.84%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 822.92 € 700.00-1,200.00
Apartment (1 bedroom) Outside of Centre 604.55 € 500.00-900.00
Apartment (3 bedrooms) in City Centre 1,588.89 € 1,300.00-2,300.00
Apartment (3 bedrooms) Outside of Centre 1,218.75 € 900.00-1,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 276.38 € 232.26-325.16
Price per Square Feet to Buy Apartment Outside of Centre 221.11 € 185.80-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 792.50 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.93 5.10-6.99

These data are based on 86 entries from 17 contributors over the past 18 months.
Last update: May 2025

Sources and References
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