Real estate in Budva

The Budva market splits into three zones: old town and city centre (premium apartments €4,000–6,500/m², constrained supply, fast seasonal letting), Bečići and Rafailovići (resort apartments €3,500–5,000/m², strongest summer demand), and the hills — Lapčići, Markovići, Reževići (sea-view villas €2,500–4,500/m², capital growth play).

Short-term rentals deliver 7–11% gross annual yield over a 5-month season (May–September) for well-fitted apartments up to 80 m². Long-term rents to foreign tenants hit a record in 2025 — €450–800/month for one-bed, €700–1,300 for two-bed central units.

Sigma focus: villas with direct sea views, new builds with parking, and old town — a segment where supply structurally cannot keep up with demand.