Apartments and flats for sale in Budva

Apartments for sale in Budva

This picturesque coastal town in Montenegro is renowned for its stunning Adriatic coastline, rich history, and vibrant nightlife. Dating back to ancient times, it offers a unique blend of old-world charm and modern amenities, attracting both tourists and property investors.

If you are seeking apartments in Budva for investment or living, the town offers several desirable neighbourhoods:

• Old Town (Stari Grad): This historic area is characterised by narrow cobblestone streets, mediaeval architecture, and proximity to the sea. Properties here are highly sought after due to their charm and prime location.
• Bečići: With its long sandy beach and luxury resorts, Bečići caters to those in search of a more tranquil environment. The area offers a mix of modern apartments and traditional houses.
• Rafailovići: Adjacent to Bečići, Rafailovići is a small fishing village turned residential area. It offers stunning sea views and a peaceful atmosphere, making it perfect for families and retirees.
• Podmaine: Situated slightly inland, Podmaine provides a quieter, more residential feel while still being close to the town centre and beaches. It is an excellent choice if you are seeking a balance between convenience and tranquillity.

Apartment prices in Budva vary significantly depending on the neighbourhood. The priciest areas include Sveti Stefan, known for its luxury resort and stunning views, and the historic Old Town, where the charm of centuries-old buildings commands a premium. Bečići also falls into the high-end category, offering upmarket living with its luxury resorts and proximity to the beach. On the more affordable end, neighbourhoods like Podmaine and Lazi provide budget-friendly options without sacrificing convenience, while Rafailovići offers a peaceful, scenic environment at a more accessible price point compared to its upmarket neighbour, Bečići.

The town has seen significant development in recent years, with numerous residential projects offering modern amenities and stunning views of the Adriatic Sea.

New developments in the town feature contemporary designs, high-quality finishes, and state-of-the-art facilities. These flats often come with amenities such as swimming pools, fitness centres, and underground parking. Many offer panoramic sea views, large balconies, and open-plan living spaces, making them highly desirable both as homes and as investment assets.

Reasons for investing in an apartment in Budva

The town is situated along the Adriatic coast, making it a prime location for both tourists and investors. Its proximity to major European cities, accessible via a short flight, enhances its appeal as a holiday and investment destination.

Several compelling reasons make investing in an apartment for sale in Budva an attractive proposition. First, the rental yields in the town are quite promising, ranging between 5% and 7%, which is competitive within the European market. This makes it appealing to investors seeking steady rental income. Additionally, Montenegro’s economy is on a positive trajectory, with the International Monetary Fund projecting a GDP growth of 3.7% for 2024. This economic stability is further bolstered by a robust tourism sector, which has seen revenues exceed pre-pandemic levels, contributing significantly to the local economy.

Moreover, the town’s real estate market offers a strong return on investment, driven by its popularity as a tourist destination and continuous rental demand. The local economy, heavily reliant on tourism, ensures a consistent influx of visitors, thereby maintaining high occupancy rates for rental properties.

The Montenegrin government has been investing heavily in infrastructure to support tourism and economic growth. This includes improvements to roads, public transport, and utilities, which enhance the quality of life and make the area more attractive to potential renters and buyers.

The cost of apartments in Budva is on the rise. The real estate market in the town has shown consistent growth in property values over the past few years. This trend is expected to continue, driven by increasing demand and limited supply of prime real estate, making it a promising investment for capital appreciation.

Buying an apartment in Budva

Global.Properties serves as an aggregator, offering a diverse selection of flats and villas in Montenegro. The portal is updated daily to ensure you have access to the latest listings. A convenient currency converter displays property prices in euros, dollars, or other currencies. The filter search function allows you to sort listings by location, size, number of rooms, and additional amenities. By filling out the online form on the website, a specialist will assist you in finding an apartment in Budva, Montenegro, that perfectly matches your goals and budget.