Property Prices in Budva, Montenegro

Index Info
Price to Income Ratio: 17.91
Mortgage as Percentage of Income: 153.13%
Loan Affordability Index: 0.65
Price to Rent Ratio - City Centre: 15.63
Price to Rent Ratio - Outside of Centre: 19.14
Gross Rental Yield (City Centre): 6.40%
Gross Rental Yield (Outside of Centre): 5.23%
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 580.56 € 500.00-800.00
Apartment (3 bedrooms) in City Centre 1,669.23 € 1,400.00-2,300.00
Apartment (3 bedrooms) Outside of Centre 1,237.50 € 900.00-1,600.00
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) 769.38 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.93 5.10-6.99

These data are based on 114 entries in the past 18 months from 27 different contributors.
Last update: November 2024

Sources and References
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