Apartments for sale in Budva - page 67

Average apartment prices in Budva range from €2,200 to €3,500 per square meter, depending on location and building quality. Seafront properties and new construction can reach €4,000–4,500/m², while the broader center and older buildings start from €1,800/m². A one-bedroom apartment of 40 m² in a good location typically costs €90,000–140,000. Before purchasing, compare prices across multiple neighborhoods and verify whether VAT is included in the price.

The most popular neighborhoods for buying an apartment in Budva are the Old Town, Bečići, Rafailovići, and Slovenska Beach. The Old Town offers the charm of stone buildings and proximity to beaches, while Bečići and Rafailovići feature modern complexes with pools. Slovenska Beach is ideal for those wanting to live in the center of activity. For quieter living at more affordable prices, consider Podlikovo or Maini. Your choice depends on priorities — proximity to the sea, tranquility, or rental potential.

The time to sell an apartment in Budva depends on price, location, and property condition. Apartments priced at market value in attractive locations like Bečići or the Old Town sell in an average of 2–4 months. Overpriced properties or those in less sought-after areas may wait for a buyer for 6–12 months. The season (April–September) brings more buyers and faster transactions. Quality photos and realistic pricing significantly speed up the sale.

When buying an apartment in Budva, expect the following additional costs: property transfer tax is 3% of the assessed value. Notary certification of the purchase agreement costs €50–200 depending on the value. Registration with the cadastre is approximately €50–100. Agency commission, if using an intermediary, is typically 3% of the purchase price. In total, budget for 4–6% in additional costs above the apartment price. Always request a detailed breakdown of all costs before signing the preliminary contract.

Before buying an apartment in Budva, be sure to check the following: request the property title sheet from the cadastre to confirm ownership and any encumbrances (mortgages, liens). Verify that the building has an occupancy permit — without it, you cannot legally register ownership. For new construction, request the building permit and certificate of completion. Personally visit the apartment at different times of day to check noise levels, lighting, and the condition of common areas. Engage an independent lawyer to review all documentation before signing.

Yes, foreign nationals can buy an apartment in Budva and Montenegro without any restrictions. The purchase process is identical to that for Montenegrin citizens. You only need a valid travel document and a tax identification number (TIN) obtainable from the local tax administration. The only restriction applies to agricultural land, which foreigners cannot purchase directly. For apartments and other real estate, there are no barriers, making Montenegro attractive to international investors.