High prices in Montenegro
Residential Valuation Specialist | September 30, 2013
|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.