Property Prices in Montenegro
| Index |  |
|---|---|
| Price to Income Ratio: | 12.53 |
| Mortgage as Percentage of Income: | 106.90% |
| Loan Affordability Index: | 0.94 |
| Price to Rent Ratio - City Centre: | 16.29 |
| Price to Rent Ratio - Outside of Centre: | 16.83 |
| Gross Rental Yield (City Centre): | 6.14% |
| Gross Rental Yield (Outside of Centre): | 5.94% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 605.96 € | |
| Apartment (1 bedroom) Outside of Centre | 462.68 € | |
| Apartment (3 bedrooms) in City Centre | 1,127.10 € | |
| Apartment (3 bedrooms) Outside of Centre | 819.65 € | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 203.13 € | |
| Price per Square Feet to Buy Apartment Outside of Centre | 156.74 € | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 773.02 € | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.91 |
These data are based on 635 entries in the past 18 months from 120 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in Montenegro
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Budva | 17.4 | 5.8 | 5.8 | 17.4 | 17.1 | 140.6 | 0.7 | |
| Podgorica | 11.1 | 5.8 | 5.7 | 17.3 | 17.5 | 96.3 | 1.0 | |
| Tivat | 16.9 | 5.2 | 4.7 | 19.3 | 21.1 | 139.4 | 0.7 |
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