How to Choose and Buy an Apartment in Budva
Budva, located in the heart of Montenegro's Adriatic coast, is a prime destination for tourists due to its stunning beaches, historic architecture, and Mediterranean cuisine. Investing in property in Budva offers significant potential for profit, whether for seasonal rentals or long-term leases. The summer season runs from May to September, but demand for rentals extends year-round, making it a lucrative market for property investors.
Why Invest in Budva Real Estate?
Properties on the first line by the sea are particularly sought-after, with rental prices exceeding other options. Key benefits of investing in Budva include:
Year-round rental demand
Well-developed infrastructure
Proximity to beaches and major tourist attractions
High rental yields and fast return on investment
Property Prices and Rental Income
Seasonal Rentals: Apartments start at €40/day, villas and houses start at €200/day.
Long-term Rentals: Studio apartments start at €250/month, and one- or two-bedroom apartments start at €500/month.
The cost of property in Budva’s tourist districts starts from €1,100/m², and this value is expected to rise steadily.
City Infrastructure
Budva, with a population of nearly 14,000, offers comprehensive services for both residents and visitors. The city’s infrastructure includes:
Supermarkets like Voli and Megamarket for groceries and household goods
TQ Plaza shopping mall featuring fashion stores, a cinema, gym, and pharmacy
A bustling local market for fresh produce, seafood, and meat
Schools, kindergartens, medical services, and pharmacies
Parks, playgrounds, and fitness centers
A variety of cafes and restaurants offering Mediterranean, Balkan, and international cuisine
Cultural Life and Entertainment
Budva’s vibrant cultural scene offers activities for all ages:
Top Hill Nightclub — the largest nightclub on the Adriatic coast
Water parks and family entertainment centers
Annual theater festivals with performances from international troupes
Casino options, including Queen of Montenegro, Merit Casino Royal Splendid, and Avala Casino
Museums, art galleries, and live music venues
Budva's Climate and Weather
Winter: Average temperatures of 8°C
Summer: Average temperatures of 23°C, peaking at 40°C during July and August
Water temperatures: Range from 14°C to 25°C in the season
Popular Beaches in Budva
Mogren Beach: Located near Budva’s Old Town, ideal for early morning relaxation
Jaz Beach: One of the largest, perfect for families and group gatherings
Slovenska Beach: A central pebble beach just minutes from city life
Ploče Beach: A stone beach with excellent facilities
Lučice Beach: A small, clean beach in Petrovac known for crystal-clear waters
Passive Income with Property Management
For those seeking a profitable investment, Boka Real Estate offers comprehensive property management services. We handle:
Apartment preparation and photography
Rental agreements and client search
Ongoing maintenance and tenant support
Residence Permit and Citizenship in Montenegro
Purchasing real estate in Montenegro allows foreign buyers to obtain a temporary residence permit. After five years of residence, you may apply for permanent residency. Our experts at Boka Real Estate will guide you through the entire legal process to ensure a smooth experience.
For detailed information on obtaining residence permits or investing in Montenegro real estate, visit bokarealestate.me or contact us directly at +382 66 195 383 for professional assistance.
