Property Prices in Budva, Montenegro

Index Info
Price to Income Ratio: 18.36
Mortgage as Percentage of Income: 156.98%
Loan Affordability Index: 0.64
Price to Rent Ratio - City Centre: 15.99
Price to Rent Ratio - Outside of Centre: 19.48
Gross Rental Yield (City Centre): 6.25%
Gross Rental Yield (Outside of Centre): 5.13%
Rent Per Month
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Apartment (1 bedroom) in City Centre 780.88 € 700.00-1,100.00
Apartment (1 bedroom) Outside of Centre 579.41 € 500.00-800.00
Apartment (3 bedrooms) in City Centre 1,592.31 € 1,300.00-2,300.00
Apartment (3 bedrooms) Outside of Centre 1,195.83 € 900.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 268.26 € 232.26-464.51
Price per Square Feet to Buy Apartment Outside of Centre 243.87 € 185.80-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 750.50 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.93 5.10-6.99

These data are based on 118 entries in the past 18 months from 26 different contributors.
Last update: February 2025

Sources and References
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