Budva is Montenegro's most popular coastal destination, known for its stunning beaches, vibrant nightlife, and historic Old Town. The city attracts tourists and property investors from around the world.
The Budva Riviera stretches along 35km of coastline, featuring some of the most beautiful beaches in the Adriatic. The Old Town, a UNESCO-protected site, offers charming stone streets, restaurants, and cultural attractions.
Property in Budva ranges from modern apartments in new developments to traditional stone houses in the Old Town. The area is particularly popular with investors looking for rental income during the summer season.
Yes, foreigners can buy apartments, houses, and villas in Budva without restrictions. You can register the property directly in your own name. The only restriction is on agricultural land, which requires a Montenegrin company.
Apartment prices in Budva range from €2,500 to €4,500 per square metre, depending on location and sea proximity. A two-bedroom apartment typically costs €150,000-€250,000, while houses range from €200,000 to over €1 million.
Yes, Budva has Montenegro's strongest rental market due to high tourist demand. Properties can achieve 6-10% annual rental yields, with peak summer rates significantly higher than winter. Many owners use property management companies for short-term rentals.
Property transfer tax is 3-6% depending on value. Annual property tax is 0.25-1% of market value. Rental income is taxed at 15%, with deductions of 30-50% available for registered rentals.
Budva is approximately 20 minutes from Tivat Airport and about 1.5 hours from Podgorica Airport. Both airports have regular connections to major European cities.
Yes, property ownership qualifies you for a one-year renewable residence permit. As of November 2025, the minimum property value is €200,000 for residency purposes. You'll also need proof of income and health insurance.
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