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Astra Real EstateGlobal.Properties is a useful tool designed for foreigners looking to buy real estate in Budva and other areas of the country.
The website's catalogue features over 25 listings with property in Montenegro. To find a suitable option, you should:
- Use the search system. There are numerous filters that can help narrow down the results. You can choose your desired price and area, the number of rooms, location, whether the property is furnished or unfurnished, the construction stage and more.
- Sort the search results. For more budget-friendly options, sort by price ascending; for recently listed housing units, sort by date.
- Contact the seller by phone or through personal messages. Agency and developer contacts are provided in each listing.
- Minimum property prices in Budva: USD 90230
- Maximum cost of property in Budva: USD 3 million
- Minimum area: 25.78 m²
- Largest apartments and villas in Montenegro, Budva: 632 m²
Several areas in the city are particularly popular for relocation, each offering their own unique attractions and amenities:
- Old Town (Stari Grad): This historic area is one of the most desirable locations in the city, known for its charming stone houses, narrow streets and historical sites like the Church of St. John and the Citadel. It combines a rich cultural heritage with all the modern conveniences, making it a vibrant place to live.
- Bečići: Just outside town, Bečići is famous for its beautiful sandy beach and luxury resorts. It offers a quieter, more relaxed atmosphere while still being close to the bustling life of the city. It’s perfect for families and those seeking a more serene lifestyle.
- Jaz: Located a short distance from the Old Town, Jaz is known for its picturesque beaches and family-friendly environment. It's a great area for those who want to enjoy coastal living but want to remain close to the city’s amenities.
Investing in villas and apartments in Montenegro can qualify you for a Golden Visa. The cost and type of real estate do not matter and both residential and commercial premises are eligible. To participate in the programme, you must document ownership of at least 50% of the property and each owner must also own at least 12 square metres of the total living area.
Property in Budva
Purchasing properties in Budva, Montenegro, is a straightforward process that involves several key steps. Prospective buyers should first engage a licensed local real estate agent familiar with the region's regulations. It’s also advisable to hire a lawyer to ensure all legal aspects are covered, including the verification of titles and the drafting of contracts. Foreigners can buy housing in Montenegro without restrictions, making it an attractive option for international investors.
Budva is a prominent tourist destination that boasts a well-developed infrastructure that supports its vibrant real estate market. The town is connected by a network of roads, including a new highway linking it to Tivat, enhancing accessibility and boosting its appeal. The area is known for its historic Old Town, beautiful beaches and a variety of amenities such as restaurants, shops and cultural sites, making it a desirable location for both living and investment.
The most popular types of real estate in this region include renovated stone houses in the Old Town, modern apartments with sea views and luxurious villas. These properties cater to a range of preferences, from those seeking historic charm to those desiring contemporary luxury. The diversity in housing types ensures that there is something for every buyer, whether they are looking for a permanent residence, a holiday home, or an investment asset.
Investing in real estate for sale in Budva is particularly attractive due to the town's growing popularity and the steady increase in values. The rental market is robust, driven by the influx of tourists during the summer months, providing a reliable source of passive income for owners. Additionally, Montenegro's favourable tax regime and the potential for high returns make it a compelling choice for real estate investors.
Reasons for investing in property in Budva
Investing in real estate in the coastal town of Montenegro offers numerous compelling reasons for both local and international investors. Here are some key factors:
- High Rental Yields: The rental market in the city is robust, with net rental yields ranging from 5% to 7% annually, depending on the type and location, making it an attractive option for investors seeking steady rental income.
- Rising Values: Prices have been on an upward trajectory. For instance, residential property for sale in Budva is sold for between EUR 1,700 to EUR 3,500 per square meter, reflecting a healthy demand and potential for capital appreciation.
- Tourism-Driven Demand: The town is a major tourist destination, attracting over 1.5 million visitors annually. This influx of tourists drives demand for short-term rental properties, ensuring high occupancy rates and consistent rental income during the peak season.
- Favourable Tax Regime: Montenegro offers a favourable tax environment for investors, such as a flat income tax rate of 9%, one of the lowest in Europe and no tax on the first EUR 150,000 of the housing value.
- Strategic Location and Infrastructure: The strategic location on the Adriatic coast, coupled with ongoing infrastructure developments such as the new highway connecting it to Tivat, enhances its accessibility and attractiveness to investors.
- Off-Plan Opportunities: There is a significant amount of off-plan real estate available in the area, providing investors with the opportunity to purchase properties at lower prices before they are completed, which can result in substantial capital gains once the properties are finished and the market value increases.
- Economic Stability and Growth: Montenegro's economy is growing steadily, with a projected GDP growth rate of 3.5% in 2024. This economic stability supports the real estate market and provides a secure environment for investments.
In summary, the combination of high rental yields, rising values, a favourable tax regime, strategic location and economic stability makes investing in the area a highly attractive proposition.
Buying real estate in Budva
Purchasing properties in Budva for investment is a seamless process, especially with the help of Global.Properties. This platform simplifies the search for real estate, offering a wide range of options from historic stone houses to modern apartments with stunning sea views. The user-friendly interface and comprehensive listings make it easy to find the perfect home that meets your needs.
Investing in this region is highly attractive due to its high rental yields and rising values. Global.Properties not only provides detailed information but also connects you with local agents and legal experts, ensuring a smooth and secure transaction. Whether you're looking for a holiday home or a lucrative investment, this platform is your go-to resource for real estate in Montenegro.