Property Prices in Budva, Montenegro

Index Info
Price to Income Ratio: 17.79
Mortgage as Percentage of Income: 144.47%
Loan Affordability Index: 0.69
Price to Rent Ratio - City Centre: 17.29
Price to Rent Ratio - Outside of Centre: 16.93
Gross Rental Yield (City Centre): 5.78%
Gross Rental Yield (Outside of Centre): 5.91%
Rent Per Month
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Apartment (1 bedroom) in City Centre 756.25 € 600.00-1,100.00
Apartment (1 bedroom) Outside of Centre 566.67 € 500.00-750.00
Apartment (3 bedrooms) in City Centre 1,633.33 € 1,500.00-2,300.00
Apartment (3 bedrooms) Outside of Centre 1,189.29 € 900.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 288.93 € 232.26-464.51
Price per Square Feet to Buy Apartment Outside of Centre 209.03 € 185.80-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 753.12 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.30 5.00-5.60

These data are based on 130 entries in the past 18 months from 31 different contributors.
Last update: February 2024

Sources and References
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