Studio apartments for sale in Podgorica

The average price of a studio apartment in Podgorica ranges from €50,000 to €115,000, depending on location and size. Studios of 20–25 m² in older buildings can be found for €45,000 to €65,000, while new-build studios of 28–35 m² in sought-after locations such as Zabjelo, Stari Aerodrom or City Kvart range from €70,000 to €100,000. Premium locations like Central Point and Ljubović command prices from €85,000 to €115,000.

Yes — studio apartments are the most popular investment property type in Podgorica due to their low entry price and high rental yield. The average annual gross return from renting a studio is 5.5% to 7%, which is above the average for larger apartments. Short-term rentals to tourists and business travellers deliver even higher returns, especially for studios in central locations. Combined with property price growth of around 14% per year, the total return can be exceptionally high.

For investment purposes, City Kvart and Central Point are the most popular — high demand from tourists and business travellers delivers above-average short-term rental returns. For long-term rental, Zabjelo and Stari Aerodrom offer stable tenant demand at lower entry prices. Centar and Preko Morača are attractive due to their location, though studios are less frequently available. Ljubović and Pobrežje are newer areas with a growing supply of new-build studios.

Studio apartments in Podgorica range in size from 17 m² to 42 m². The most common range is between 22 m² and 35 m² — sufficient for one person or a couple with a functional layout. Studios under 20 m² are generally older construction or studio apartments without a separate kitchen. New-build studios most commonly offer 25 to 35 m² with a terrace, lift and parking space, making them more attractive for rental purposes.

In addition to the purchase price, budget for: property transfer tax of 3% (not applicable for new-build where VAT is included in the price), notary fee of €150 to €300, cadastral registration of around €80–€120, and an agency commission of 2–3% if purchasing through an agent. For a studio costing €70,000, total additional costs amount to between €2,500 and €4,500. If you plan to renovate, budget a further €150–€250 per m² for mid-level finishing.

New-build studios come with a lift, parking space, energy-efficient installations and exemption from the 3% property transfer tax, but cost 15–25% more. Older studios offer a lower price and are already registered, but budget for renovation costs of €150–€250 per m². For renting to tourists, new-build delivers better guest ratings and higher yields. For long-term rental or personal use, a well-renovated older studio in a good location can be an equally good or even better option.