The Property Market in Budva
22.04.2025
The Property Market in Budva - Analysis and Trends: Budva, a popular & historic town on Montenegro's Adriatic coast, is experiencing a significant property boom. Its charm, vibrant nightlife, stunning beaches and gorgeous panoramic views make it a magnet for tourists and investors alike. This surge is driven by high demand for luxury properties, limited supply, and consistent rental yields.
Budva's real estate market is characterized by strong demand, particularly in prime coastal areas. The city's appeal to both tourists and foreign investors has led to a competitive market with limited availability of high-end properties. This imbalance between supply and demand continues to drive property values upward.
Property prices in Budva have been on an upward trajectory. In 2025, prices are projected to rise by 3% to 7%, reflecting the city's growing popularity and limited housing stock. Luxury developments can command premium prices with apartments starting at €5,000 per square meter, and others such as CMM Group's Sunny Side Resort and Spa start from €269,294 for a one bed/one bath apartment.
Budva offers diverse investment avenues:
Short-Term Rentals: The city's robust tourism sector ensures high occupancy rates for vacation rentals.
Luxury Properties: High-end villas and apartments cater to affluent buyers seeking exclusivity.
Emerging Neighborhoods: Areas like Rafailovici and Petrovac are gaining attention for their growth potential and relatively lower entry costs.
Property Flipping: Renovating older properties can yield substantial returns, capitalizing on the demand for modern accommodations.
Old Town (Stari Grad): Known for its medieval architecture and vibrant atmosphere, it's a hotspot for tourists and investors.
Becici: Offers beachfront properties and is popular among families and retirees.
Rafailovici: An emerging area with strong potential for property appreciation.
Petrovac: Ideal for long-term investments with its relaxed environment and lower property prices.
Navigating Budva's dynamic real estate market requires local expertise and expert agents like CMM Montenegro play a pivotal role by offering:
Comprehensive Listings: From luxury villas to affordable apartments.
Legal Assistance: Guidance through Montenegro's property laws and transaction processes.
Investment Consulting: Tailored advice to align with investors' goals.
Property Management: Services including maintenance and rental management.
Budva's real estate market presents a compelling opportunity for investors seeking growth and stability. With its cultural heritage, natural beauty, and economic potential, the city stands out as a prime destination for property investment in Montenegro.
Reviews
In period May-August 2022 we sold our flats in St-Petersburg Russia and have bought two ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.
Liudmila Nosova St-Petersburg Russia , 13.09.2022 10:20:09
At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
With gratitude on behalf of our family.A.V. Ter-Gazaryan, 12.07.2022 11:32:19
Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
I would strongly recommend this company to anyone who is looking for a property in Montenegro.Val , 13.05.2022 03:18:13
We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.Mandy and Antoine, 06.10.2021 09:56:22
Biz Montenegroda CMM komandayla tanish olmushug. Snejana ve Milan bize cox yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!
Dilara, 01.10.2019 07:17:27
Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!
Kate, 22.03.2019 12:06:21