Property Prices in Kotor, Montenegro

Index Info
Price to Income Ratio: 17.14
Mortgage as Percentage of Income: 159.49%
Loan Affordability Index: 0.63
Price to Rent Ratio - City Centre: 25.46
Price to Rent Ratio - Outside of Centre: 18.71
Gross Rental Yield (City Centre): 3.93%
Gross Rental Yield (Outside of Centre): 5.35%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 600.00 € 500.00-700.00
Apartment (1 bedroom) Outside of Centre 583.33 € 450.00-800.00
Apartment (3 bedrooms) in City Centre 1,200.00 €
Apartment (3 bedrooms) Outside of Centre 1,166.67 € 1,000.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 325.16 €
Price per Square Feet to Buy Apartment Outside of Centre 232.26 €
Salaries And Financing
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Average Monthly Net Salary (After Tax) 875.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.00

These data are based on 14 entries in the past 18 months from 3 different contributors.
Last update: November 2024

Sources and References
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