New buildings in Budva
Location and climate
Budva is a resort town in Montenegro on the Adriatic coast.
A significant number of sunny days per year (297), mild short winters (the average temperature of the winter months is +8°C), long warm summers (the average temperature is +23°C) are the main features of the climate of Budva, which belongs to the Mediterranean type.
Why is it profitable to buy an apartment from a developer in Budva?
Budva is located in the center of the so-called "Budva Riviera" - a long strip of the Adriatic coast with numerous resort towns. The basis of the economy here is tourism and related services.
There are 38 beaches in the area of the Budva Riviera for every liking: rocky, small pebble, sandy, wildly secluded and well-equipped (with all the infrastructure). Some have the Blue Flag award for cleanliness and environmental safety; the emerald-colored sea is absolutely transparent.
The cultural life is full of events; numerous theatrical, musical and poetry festivals are held here. Sports competitions are also organized, for example, cycling, triathlon.
The nearest airports are in Tivat (20 km), Podgorica (70 km). The city is well connected by bus along the Adriatic highway with other cities of Montenegro and neighboring countries.
Real estate in Budva in the new buildings is in great demand, which continues to grow, outstripping supply, despite active development everywhere, sometimes even in the beach area, which makes it possible to purchase housing in close proximity to the water.
Foreigners invest in residential complexes in Budva for the purpose of renting the housing out, visiting a popular resort for relaxation or permanent residence in comfortable natural conditions. Despite the proximity to the sea, the prices for apartments in the residential complexes are quite affordable. Of course, the closer the new building to the sea, the higher the cost.
Customer reviews confirm that the sale of apartments from developers is carried out in compliance with the laws of the country, the quality of the facilities complies with EU building standards.
In accordance with the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter of space in a new building from a developer in Budva (apartments in a turnkey condition) is 4,280 USD.
Interesting places in the city
- Old city
- Ancient necropolis
- Fortress Mogren
- Observation deck over Dukli beach
- Museums: archaeological, ethnographic
- Monastery Podmaine
- Churches: St. John the Baptist, St. Trinity, St. Savva, St. Mary
- St. Nicholas Island (Marina, Hawaii Beach)
- Water park
You can take a boat trip along the picturesque Bay of Kotor from Budva.
Acquisition of apartments in Budva from the developers by foreigners
Foreign investors can buy apartments in Budva in the new buildings without restrictions.
Purchasing an apartment in a new building in Budva is a promising investment for renting the housing out to tourists and relaxing or living on the coast of a clear sea in an EU country.