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Sep 30, 2013

High prices in Montenegro


Last Updated: Sept. 30, 2013
PODGORICA - Apartments COST () YIELD (p.a.) PRICE/SQ.M. ()
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
35 sq. m. 48,615 279 6.89% 1,389 7.98
65 sq. m. 83,850 490 7.01% 1,290 7.54
120 sq. m. 168,000 1,055 7.53% 1,400 8.79
COASTAL AREAS Houses
150 sq. m. 249,600 n.a. n.a. 1,664 n.a.
250 sq. m. 432,500 n.a. n.a. 1,730 n.a.
400 sq. m. 789,600 n.a. n.a. 1,974 n.a.
Districts researched
Coastal Areas: Kotor, Budva, Herveg Novi, and Ulcinj
Rents are seasonal so we do not have figures for the rental yield.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Prices in Montenegro are quite high, although they seem to have fallen over the past year. Buying prices for coastal houses average around 2,870 per square metre, or around 266 per square foot.

We are unable to give yields figures, because lets tend to be seasonal, and there is no basis for long-term yields calculations.






Comments

#1 NEMANJA NEDELJKOVIC | December 07, 2011

Listed prices are much different from achieved prices in closed deals, so from my experience prices start from less then 1000e/m2, and for 2500e/m2 you can buy 200m2 big house at the very coast line, with direct access to sea.

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