High prices in Montenegro

Residential Valuation Specialist | September 30, 2013

Last Updated: Sept. 30, 2013
PODGORICA - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
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
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.



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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