Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 11.70
Mortgage as Percentage of Income: 101.31%
Loan Affordability Index: 0.99
Price to Rent Ratio - City Centre: 18.62
Price to Rent Ratio - Outside of Centre: 19.66
Gross Rental Yield (City Centre): 5.37%
Gross Rental Yield (Outside of Centre): 5.09%
Rent Per Month
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Apartment (1 bedroom) in City Centre 546.80 € 450.00-650.00
Apartment (1 bedroom) Outside of Centre 425.65 € 350.00-500.00
Apartment (3 bedrooms) in City Centre 978.70 € 800.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 727.14 € 600.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 205.85 € 171.87-260.13
Price per Square Feet to Buy Apartment Outside of Centre 165.76 € 139.35-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 854.92 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.09 5.00-7.00

These data are based on 255 entries in the past 18 months from 40 different contributors.
Last update: January 2025

Sources and References
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