Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 13.25
Mortgage as Percentage of Income: 128.71%
Loan Affordability Index: 0.78
Price to Rent Ratio - City Centre: 20.94
Price to Rent Ratio - Outside of Centre: 22.35
Gross Rental Yield (City Centre): 4.78%
Gross Rental Yield (Outside of Centre): 4.47%
Rent Per Month
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Apartment (1 bedroom) in City Centre 325.79 € 250.00-400.00
Apartment (1 bedroom) Outside of Centre 230.53 € 200.00-300.00
Apartment (3 bedrooms) in City Centre 567.50 € 350.00-900.00
Apartment (3 bedrooms) Outside of Centre 417.33 € 300.00-550.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 136.26 € 111.48-195.09
Price per Square Feet to Buy Apartment Outside of Centre 104.71 € 92.90-120.77
Salaries And Financing
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Average Monthly Net Salary (After Tax) 489.32 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.56 4.60-10.00

These data are based on 199 entries in the past 18 months from 34 different contributors.
Last update: February 2021

Sources and References
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