Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 11.81
Mortgage as Percentage of Income: 100.22%
Loan Affordability Index: 1.00
Price to Rent Ratio - City Centre: 20.18
Price to Rent Ratio - Outside of Centre: 20.58
Gross Rental Yield (City Centre): 4.96%
Gross Rental Yield (Outside of Centre): 4.86%
Rent Per Month
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Apartment (1 bedroom) in City Centre 546.36 € 450.00-600.00
Apartment (1 bedroom) Outside of Centre 425.65 € 350.00-500.00
Apartment (3 bedrooms) in City Centre 978.70 € 800.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 729.52 € 600.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 222.97 € 185.80-278.71
Price per Square Feet to Buy Apartment Outside of Centre 173.73 € 139.35-195.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 903.65 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.84 5.00-6.50

These data are based on 254 entries from 38 contributors over the past 18 months.
Last update: April 2025

Sources and References
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