Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 11.89
Mortgage as Percentage of Income: 102.58%
Loan Affordability Index: 0.97
Price to Rent Ratio - City Centre: 18.89
Price to Rent Ratio - Outside of Centre: 19.69
Gross Rental Yield (City Centre): 5.29%
Gross Rental Yield (Outside of Centre): 5.08%
Rent Per Month
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Apartment (1 bedroom) in City Centre 548.75 € 450.00-650.00
Apartment (1 bedroom) Outside of Centre 429.09 € 350.00-500.00
Apartment (3 bedrooms) in City Centre 961.30 € 800.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 717.62 € 600.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 207.56 € 181.16-260.13
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) 845.12 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.05 5.00-7.00

These data are based on 255 entries in the past 18 months from 38 different contributors.
Last update: December 2024

Sources and References
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