Property Prices in Podgorica, Montenegro

Index Info
Price to Income Ratio: 11.69
Mortgage as Percentage of Income: 99.48%
Loan Affordability Index: 1.01
Price to Rent Ratio - City Centre: 19.06
Price to Rent Ratio - Outside of Centre: 20.16
Gross Rental Yield (City Centre): 5.25%
Gross Rental Yield (Outside of Centre): 4.96%
Rent Per Month
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Apartment (1 bedroom) in City Centre 544.35 € 450.00-600.00
Apartment (1 bedroom) Outside of Centre 418.57 € 350.00-500.00
Apartment (3 bedrooms) in City Centre 982.27 € 800.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 736.67 € 600.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 210.58 € 185.80-269.42
Price per Square Feet to Buy Apartment Outside of Centre 169.29 € 139.35-195.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 874.33 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.87 5.00-7.00

These data are based on 248 entries in the past 18 months from 41 different contributors.
Last update: February 2025

Sources and References
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