Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 11.85
Mortgage as Percentage of Income: 101.78%
Loan Affordability Index: 0.98
Price to Rent Ratio - City Centre: 18.74
Price to Rent Ratio - Outside of Centre: 18.87
Gross Rental Yield (City Centre): 5.34%
Gross Rental Yield (Outside of Centre): 5.30%
Rent Per Month
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Apartment (1 bedroom) in City Centre 541.15 € 460.00-600.00
Apartment (1 bedroom) Outside of Centre 419.58 € 350.00-500.00
Apartment (3 bedrooms) in City Centre 937.39 € 750.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 689.05 € 550.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 202.06 € 171.87-269.42
Price per Square Feet to Buy Apartment Outside of Centre 154.16 € 130.06-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 809.18 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.99 5.00-7.00

These data are based on 254 entries in the past 18 months from 42 different contributors.
Last update: July 2024

Sources and References
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