Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 11.79
Mortgage as Percentage of Income: 101.45%
Loan Affordability Index: 0.99
Price to Rent Ratio - City Centre: 18.67
Price to Rent Ratio - Outside of Centre: 18.73
Gross Rental Yield (City Centre): 5.35%
Gross Rental Yield (Outside of Centre): 5.34%
Rent Per Month
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Apartment (1 bedroom) in City Centre 556.25 € 500.00-650.00
Apartment (1 bedroom) Outside of Centre 426.82 € 350.00-500.00
Apartment (3 bedrooms) in City Centre 950.45 € 800.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 716.00 € 600.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 205.75 € 181.16-269.42
Price per Square Feet to Buy Apartment Outside of Centre 157.11 € 130.06-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 828.50 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.02 5.00-7.00

These data are based on 243 entries in the past 18 months from 38 different contributors.
Last update: September 2024

Sources and References
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