Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 12.17
Mortgage as Percentage of Income: 106.97%
Loan Affordability Index: 0.93
Price to Rent Ratio - City Centre: 19.65
Price to Rent Ratio - Outside of Centre: 20.85
Gross Rental Yield (City Centre): 5.09%
Gross Rental Yield (Outside of Centre): 4.80%
Rent Per Month
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Apartment (1 bedroom) in City Centre 434.76 € 350.00-550.00
Apartment (1 bedroom) Outside of Centre 313.53 € 250.00-450.00
Apartment (3 bedrooms) in City Centre 765.38 € 500.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 533.33 € 350.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 171.48 € 148.64-204.38
Price per Square Feet to Buy Apartment Outside of Centre 129.22 € 111.48-148.64
Salaries And Financing
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Average Monthly Net Salary (After Tax) 664.77 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.27 5.00-8.00

These data are based on 170 entries in the past 18 months from 34 different contributors.
Last update: May 2023

Sources and References
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