Moderate to good rental yields in Montenegro

Residential Valuation Specialist | November 16, 2022

Last Updated: Oct. 02, 2022
PODGORICA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Podgorica (all locations)
Studio €45,000 €220 5.87%
1-Bedroom €67,000 €300 5.37%
2-Bedroom €90,000 €450 6.00%
3-Bedroom €139,000 €800 6.91%
4+Bedroom €200,000 €1,700 10.20%
Podgorica avg. Rental Yields 6.87%
TIVAT - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Tivat (all locations)
Studio €95,800 €320 4.01%
1-Bedroom €150,000 €600 4.80%
2-Bedroom €210,000 €850 4.86%
3-Bedroom €365,000 €1,300 4.27%
Tivat avg. Rental Yields 4.48%
KOTOR - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Kotor (all locations)
Studio €75,000 €600 9.60%
1-Bedroom €125,000 €400 3.84%
2-Bedroom €200,000 €500 3.00%
Kotor avg. Rental Yields 5.48%
HERCEG NOVI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Herceg Novi (all locations)
Studio €53,000 €280 9.06%
1-Bedroom €95,000 €500 7.58%
2-Bedroom €148,000 €750 6.08%
Herceg Novi avg. Rental Yields 7.57%
BUDVA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Budva (all locations)
Studio €58,000 €400 8.28%
1-Bedroom €116,000 €600 6.21%
2-Bedroom €175,000 €750 5.14%
3-Bedroom €290,000 €1,100 4.55%
Budva avg. Rental Yields 6.04%
BAR - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Bar (all locations)
Studio €47,000 €180 4.60%
1-Bedroom €80,000 €250 3.75%
2-Bedroom €126,000 €500 4.76%
Bar avg. Rental Yields 4.37%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Rental yields in Montenegro are moderate to good. Podgorica rental yields are between 5.37% to 10.20%, Herceg Novi produces yields of 6.08% to 9.06%, Tivat yields fall between 4.01% to 4.86%, Kotor produces yields between 3.00% and 9.60%, Budva yields fall between 4.55% to 8.28%, and Bar has yields between 3.75% to 4.76%.

Take these yields with a grain of salt, due to the low amount of properties available.

Round trip transaction costs are low for foreign buyers in Montenegro. See our Property transaction costs analysis for Montenegro and Property transaction costs in Montenegro, compared to the rest of Europe.