Budva is the capital of Montenegrin tourism. In high season, this city is visited by hundreds of thousands of tourists. This area is one of the most popular among real estate buyers in Montenegro. Buying a property in Budva is a very profitable investment. We will discuss all the pros and cons of buying a home in Budva and its surroundings.
- Location
Budva is located in the central part of the Adriatic coast in Montenegro. The coastal strip is quickly replaced by a mountain landscape - Budva is located in one of the most picturesque regions of the country. This city is one of the oldest settlements on the whole coast. The resident population of Budva is 19 thousand inhabitants. The city and its surroundings form the Budva Riviera - the most popular tourist destination on the Adriatic coast.
This area is famous for its boundless sandy beaches, preserved architecture and nightlife.
Through Budva is the Adriatic tract, a highway that connects the coastal cities of Greece, Montenegro, Bosnia and Croatia. Near the city is the island of St. Nicholas. Budva's economy is based on tourism, but this city is visited not only for the sake of the sea and beaches. Tourists are attracted to these areas of many attractions - there are museums and historical monuments. Annually musical festivals and sports tournaments are held in Budva, in the summer season poets from different countries come here.
Prices
The prices for real estate in Budva are the highest in the country. The popularity of this region and the demand for real estate give the owner of apartments the right to exhibit their properties for sale at very high prices. In new buildings near the sea, a square meter of housing costs from 2 to 5 thousand euros. The price for the object located on the shore reaches 6-7 thousand euros per square meter. The cost of real estate, in the first place, determines its location and view from the window. The closer the object to the sea, the more expensive. Houses located 200-500 meters from the sea, are one and a half times cheaper than those that stand on the shore.
Over the past 5 years, property prices in Budva have grown two or more times. This region has many prospects for development. Foreign investors invest in Budva's real estate in order to obtain further profit. The city and its surroundings are being built up. Mansions and apartment buildings are being built. Construction is very fast.Options and advantages of investments
In Budva, more than in other regions of Montenegro, rental of real estate is common. Tourists can find here housing for every taste and pocket. Starting from small houses away from the sea and ending with a luxurious apartment on the beach with its own beach and marina. The cost of renting real estate in Budva starts from 30-40 euros per day. Owners of expensive mansions can receive up to 1000 euros per day. Many acquire real estate in Budva for further renting.
For several years you can not only save capital, but also recoup the cost of purchased real estate. Given the growing popularity and development of Budva, in a few years it will be one of the most famous resorts in Europe. By selling or renting out the property you have acquired today, you can make a big profit.
Budva is one of the regions of Montenegro where you can find luxury class properties. While this property is inferior in terms and at the prices of Western European luxury real estate. But every year the construction of elite villas and mansions is approaching European standards. Elite real estate brings the greatest income to its owners. First, the offers in the elite real estate market are a bit less than in the middle class. Secondly, the prices for elite mansions and villas are significantly different from Western European prices. Thirdly, there are few elite hotels and tourist complexes in Budva. With the entry of Montenegro into the European Union, property prices in Budva will rise in the first place. Today, you can still buy land and housing cheaply, compared with the resorts of Western Europe. After a few years, there will be no such prices.
In addition to residential real estate, in Budva, there are many options for selling retail space. In high season in the city is very active trade. The profitability of stores increases several times. The demand for commercial real estate is growing and exceeds the number of offers. Construction in the city is fast, with each year the number of newcomers increases, the market for sales increases. New offices and shops are being built both in the city center and on the outskirts. The equipment meets the highest requirements. Acquisition of commercial real estate in Budva is a very promising and far-sighted investment of funds.
Buy property in Budva for rest and investment!
