Real estate in Budva, Montenegro – a pleasant neighborhood with the Adriatic Sea
Property prices here are relatively low, but no significant price growth is observed. This applies to both standard and luxury real estate – demand for such housing is quite stable, but not so high as to drive prices up constantly.
A completely different story is Montenegro. About 85% of buyers of local luxury housing are Russians who decided to invest profitably in a steadily developing resort. Also important is the fact that Montenegro is preparing to join the European Union and has been using the euro as its national currency for quite some time. By the way, in neighboring Croatia, you can also buy property for investment, but its popularity is noticeably lower. The reason is trivial – luxury cottages and apartments there cost on average 40% more than in Montenegro.
The most popular areas for investment in Montenegro can be divided into two types: mountainous regions and the Adriatic coast. However, the choice of the first type of housing is quite limited, as the country has only recently emerged as a ski resort. A completely different story is the coastal areas, where it is almost impossible to find non-luxury housing. However, even if you do come across such, the price per square meter will be steep – about 1500 euros. With luxury housing costing 2500-3000 euros per square meter, the choice for a wealthy investor is obvious.
Among the areas, Budva stands out – a resort on the Adriatic coast, known for its developed Russian-language infrastructure. In addition to investors, it also attracts tourists from all over the world, so real estate here not only sells well but also never sits empty during the season without tenants. In Budva, you can find everything from small apartments to luxurious mansions and apartments in elite residential complexes located on the seafront.
The most notable part of Budva is the luxury residential complex Dukley Gardens, located on the protected Zavala peninsula. The local nature remains untouched thanks to the constant work of special services, and the complex itself, consisting of 36 luxurious villas, is an example of beautiful modern architecture and high technology.
Apartments in Dukley Gardens offer a unique opportunity to live just a few meters from the Adriatic Sea, as well as to enjoy the extensive infrastructure of the entire Russian-speaking region. At the same time, you will always be in seclusion.