Montenegro real estate market — prices, rental yield and trend

• Average price: $3,187 / m²
• Gross rental yield: 4.8%
• 12-month price change (USD): 8.9%
• Net rental yield: 4.23%
• Transaction cost: 9.6%
• Bubble-risk band: elevated
• Price basis: national average

Residential property in Montenegro averages $3,187 per square metre, +8.9% in dollar terms over the last twelve months. That makes it the 151st most expensive of the 264 markets in the set.

What a buyer pays in Montenegro

The $3,187 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 9.6% of the price here. On a 100 m² apartment at the average price that is roughly $30,595 on top of the $318,700 purchase price. That is close to the 9.5% median across the set.

What it earns

A square metre lets for about $12.8 a month. Against a purchase price of $3,187 per square metre that is 4.8% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 170th of 311 markets by gross yield. Rental income is taxed at 10.5–12.1% — the rate is not a single number here. That is the difference between 4.2% and 4.3% net on the same property. The 4.2% net figure we publish uses 11.9%.

How the tax works. 11.87% effective: 15% income tax on 70% of the gross rent (30% standard expense allowance) gives 10.5%, plus the municipal surtax charged on the tax — 13% in most municipalities, 10% in Budva (11.55%), 15% in Podgorica and Cetinje (12.08%). If the surtax does not apply to a passive non-resident landlord the rate is 10.5%, the lower end of the band. Independent of the rent level. Source: PwC / eporezi.me.

Where the price sits against its own history

Prices are +101.4% over five years and +154.1% over ten in local terms. Glopra’s bubble-risk score for Montenegro is 76 out of 100 — elevated risk. Of the 65 markets scored, 7 read higher. It combines the deviation from trend, price-to-income and the pace of recent growth — a warning light, not a forecast. This is a simplified reading: fewer than three index components are available for this market, so treat it as indicative rather than comparable with fully scored markets.

Montenegro house price index, 2016–2026 (2016 = 100)

Rebased to 100 in 2016, the index stands at 241.8 in 2026. The series is in local currency, and the twelve-month numbers above show how much of that a dollar buyer actually keeps.

Who can buy in Montenegro

Freehold; agricultural and forest land not permitted. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Montenegro is built from asking prices from listings. It was last refreshed on 2026-10-15. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: seenews.com · globalpropertyguide.com. Snapshot: 2026-10-15.