Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 11.21
Mortgage as Percentage of Income: 98.42%
Loan Affordability Index: 1.02
Price to Rent Ratio - City Centre: 17.13
Price to Rent Ratio - Outside of Centre: 17.52
Gross Rental Yield (City Centre): 5.84%
Gross Rental Yield (Outside of Centre): 5.71%
Rent Per Month
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Apartment (1 bedroom) in City Centre 524.00 € 450.00-600.00
Apartment (1 bedroom) Outside of Centre 398.70 € 300.00-450.00
Apartment (3 bedrooms) in City Centre 934.78 € 700.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 680.95 € 500.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 181.16 € 157.93-232.26
Price per Square Feet to Buy Apartment Outside of Centre 138.36 € 125.42-167.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 767.25 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.27 5.50-7.00

These data are based on 232 entries in the past 18 months from 39 different contributors.
Last update: February 2024

Sources and References
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