Gross rental yields in Montenegro: Podgorica and 2 other cities
The average gross rental yield in Montenegro stands at 5.95% (Q2, 2023).
| Last Updated: Aug. 24, 2023 | |||
| PODGORICA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Podgorica (all locations) | |||
| Studio | €52,500 | €250 | 5.71% |
| 1-Bedroom | €83,000 | €350 | 5.06% |
| 2-Bedroom | €101,000 | €500 | 5.94% |
| 3-Bedroom | €168,000 | €850 | 6.07% |
| Podgorica avg. Rental Yields | 5.70% | ||
| TIVAT - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tivat (all locations) | |||
| 1-Bedroom | €198,424 | €850 | 5.14% |
| 2-Bedroom | €250,000 | €1,250 | 6.00% |
| Tivat avg. Rental Yields | 5.57% | ||
| BUDVA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Budva (all locations) | |||
| Studio | €68,000 | €465 | 8.21% |
| 1-Bedroom | €132,000 | €800 | 7.27% |
| 2-Bedroom | €212,336 | €1,000 | 5.65% |
| 3-Bedroom | €320,000 | €1,400 | 5.25% |
| Budva avg. Rental Yields | 6.60% | ||
| 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 and Indomio |
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Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Montenegro. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).
