Discovering Podgorica: A Guide to Affordable Neighborhoods for First-Time Homebuyers
As a real estate expert, I’ve had the pleasure of exploring many cities around the world. But there’s something special about Podgorica, the capital of Montenegro. It’s a city that’s rich in history, culture, and natural beauty. But what really sets it apart is its affordability, especially for first-time homebuyers. So, let’s dive in and explore the 10 most affordable neighborhoods in Podgorica. 🏡
1. Stara Varoš
Stara Varoš, the Old Town of Podgorica, is a charming neighborhood with a rich history. Despite its Central location, property prices here are surprisingly affordable. The average price per square meter is around €1,000, making it an excellent choice for first-time homebuyers.
2. Zabjelo
Zabjelo is a bustling neighborhood known for its vibrant community spirit. With an average price per square meter of €900, it’s a great option for those looking to get on the property ladder.
3. Blok 5
Blok 5 is a modern neighborhood with a range of amenities, including shops, restaurants, and parks. The average price per square meter here is €1,100, making it a slightly pricier option, but still within reach for many first-time buyers.
4. Preko Morače
Preko Morače is a peaceful neighborhood located on the banks of the Morača River. With an average price per square meter of €1,200, it offers a balance of affordability and tranquility.
5. Konik
Konik is a diverse neighborhood with a strong sense of community. The average price per square meter here is €800, making it one of the most affordable options in Podgorica.
6. Tološi
Tološi is a quiet, residential neighborhood with a relaxed atmosphere. The average price per square meter is €1,000, making it a good choice for those looking for a peaceful place to call home.
7. Donja Gorica
Donja Gorica is a rapidly developing neighborhood with a range of new-build properties. The average price per square meter here is €1,100, offering good value for money.
8. Zagorič
Zagorič is a green neighborhood known for its parks and open spaces. The average price per square meter here is €900, making it an affordable option for nature lovers.
9. Vrela Ribnička
Vrela Ribnička is a rural neighborhood located on the outskirts of Podgorica. With an average price per square meter of €700, it’s the most affordable neighborhood on our list.
10. Masline
Masline is a residential neighborhood with a range of property types. The average price per square meter here is €1,000, making it a versatile and affordable option.
Frequently Asked Questions
1. What is the average price per square meter in Podgorica?
The average price per square meter in Podgorica is around €1,000, but this can vary depending on the neighborhood.
2. Is Podgorica a good place to invest in property?
Yes, Podgorica is a great place to invest in property. The city is developing rapidly, and property prices are still relatively low compared to other European capitals.
3. What is the cost of living in Podgorica?
The cost of living in Podgorica is relatively low. According to Numbeo, a single person’s monthly costs are around €500 without rent.
Conclusion
Podgorica, with its rich history, vibrant culture, and affordable property prices, is an excellent choice for first-time homebuyers. From the charming old town of Stara Varoš to the peaceful banks of Preko Morače, there’s a neighborhood to suit every taste and budget. So, if you’re looking to take your first step on the property ladder, why not consider Podgorica? 🏡
