Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 11.88
Mortgage as Percentage of Income: 101.15%
Loan Affordability Index: 0.99
Price to Rent Ratio - City Centre: 19.72
Price to Rent Ratio - Outside of Centre: 20.32
Gross Rental Yield (City Centre): 5.07%
Gross Rental Yield (Outside of Centre): 4.92%
Rent Per Month
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Apartment (1 bedroom) in City Centre 550.87 € 460.00-600.00
Apartment (1 bedroom) Outside of Centre 426.82 € 350.00-500.00
Apartment (3 bedrooms) in City Centre 996.09 € 800.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 739.05 € 600.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 220.64 € 185.80-278.71
Price per Square Feet to Buy Apartment Outside of Centre 172.80 € 139.35-195.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 891.23 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.88 5.00-7.00

These data are based on 258 entries in the past 18 months from 40 different contributors.
Last update: March 2025

Sources and References
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