Property Prices in Tivat, Montenegro

Index
Price to Income Ratio:	16.06
Mortgage as Percentage of Income:	126.27%
Loan Affordability Index:	0.79
Price to Rent Ratio - City Centre:	15.35
Price to Rent Ratio - Outside of Centre:	20.96
Gross Rental Yield (City Centre):	6.52%
Gross Rental Yield (Outside of Centre):	4.77%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	916.67 €	650.00-1,200.00
Apartment (1 bedroom) Outside of Centre	600.00 €	450.00-850.00
Apartment (3 bedrooms) in City Centre	1,766.67 €	1,500.00-2,000.00
Apartment (3 bedrooms) Outside of Centre	1,012.50 €	750.00-1,600.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	294.19 €	278.71-325.16
Price per Square Feet to Buy Apartment Outside of Centre	247.74 €	232.26-278.71
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	908.25 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.92	4.00-5.95

These data are based on 40 entries in the past 18 months from 8 different contributors.
Last update: December 2024

Sources and References

Nearby cities:

Property Prices in Kotor	5.90 miles
Property Prices in Budva	13.81 miles
Property Prices in Perast	14.92 miles
Property Prices in Sutomore	32.98 miles
Property Prices in Cetinje	33.39 miles
Property Prices in Herceg Novi	34.33 miles
Property Prices in Bar	37.71 miles
Property Prices in Virpazar	40.53 miles
Property Prices in Podgorica	54.15 miles
Property Prices in Ulcinj	55.54 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	22,100.00
GDP Growth Rate:	6.41%
Population Growth Rate:	-0.43%