Plot in Budva, Montenegro - €236,000
Plot parameters
Price: €236,000
Purpose: a plot for the construction of a villa
Location: Budva, Montenegro
Sea view: direct, panoramic
Location and infrastructure description Budva is one of the busiest and most popular tourist centers on the coast of Montenegro, attracting both investors and visitors from all over the world. The city is famous for its many hotels, apartments, restaurants, clubs and cafes, creating a developed infrastructure for tourists and permanent residents. The Old Town, the architectural pearl of Budva, is home to historical and cultural attractions that attract tourists all year round.
Advantages of buying a plot in Budva A plot of land with panoramic sea views is a profitable investment, ideal for building a villa with high rental potential. A ready-made villa in Budva can become an attractive option for rent both in the summer season and in the off-season, thanks to the year-round flow of tourists and the mild climate of Montenegro. Given the popularity of the region, we can expect an average rental yield of up to 5-7% per year.
Real estate market: growth analysis over the past 5 years, Real estate in Budva has shown steady growth. Over the past five years, prices have increased by 25-30%, which is due to steady demand from foreign buyers and active infrastructure development. From 2019 to 2024, Budva remains the leader in the Montenegrin real estate market, providing high investment attractiveness for private and commercial investors.
Obtaining a residence permit when buying real estate The purchase of real estate in Montenegro makes it possible to obtain a temporary residence permit, which is issued on the basis of ownership. A residence permit provides access to the rights of long-term stay in the country, the possibility of visa-free travel in the Schengen countries, as well as prospects for business and life in Europe.
