Budva, one of the most popular coastal towns in Montenegro, has become a magnet for international property investors and lifestyle seekers. Whether you’re looking for a vacation home, a rental investment, or planning to build your dream house, Budva offers a unique mix of scenic beauty, growing tourism, and real estate potential.
In this guide, we’ll walk you through everything you need to know about buying and building property in Budva, including legal aspects, property types, costs, the building process – and how Evkowski company can support you every step of the way.
Why Invest in Property in Budva?
Budva sits on Montenegro’s Adriatic coast, offering a Mediterranean lifestyle with historic charm, stunning beaches, and a vibrant nightlife. But it’s more than just a tourist destination:
- Strong rental market due to high tourist demand
- Lower property prices compared to Western Europe
- No property tax on first purchase
- Residency opportunities through property ownership
- Growing interest from EU investors and digital nomads
Buying Property in Budva: What You Need to Know
Can Foreigners Buy Property in Montenegro?
Yes – foreigners can legally buy property in Montenegro, including in Budva, without restrictions. However, there are a few key points to note:
- You can buy apartments, houses, commercial real estate, and land
- Agricultural land cannot be purchased directly without a Montenegrin company
- All purchases must be registered with the Real Estate Cadastre (CRPS)
Common Property Types in Budva
- Apartments – Sea view apartments in the Old Town and waterfront are in high demand
- Villas – Ideal for luxury buyers or private living
- Land plots – Suitable for custom homes, subject to zoning regulations
Step-by-Step Guide: How to Buy Property in Budva
- Hire a local lawyer – To ensure contracts and ownership are clean
- Choose a licensed real estate agent – They’ll guide you through listings and viewings
- Sign a preliminary agreement – Usually with a 10% deposit
- Due diligence – Verify titles, permits, and encumbrances
- Finalize the contract – With a public notary
- Register your ownership – In the land registry (takes 2–4 weeks)
Need help with this process?
Evkowski company works with experienced local lawyers, agents, and notaries to ensure a smooth and transparent transaction – even if you don’t speak the language or live in Montenegro.
Building a House in Budva: What to Expect
If you prefer to build your own home in Budva, the process is straightforward – and Evkowski can handle it all for you, including finding land, obtaining permits, and managing construction.
1. Finding the Right Plot
- Must be zoned for construction
- Check for urban documentation (UTU)
- Confirm utility access
2. Planning and Design
- Work with a licensed architect
- Submit your project for municipal approval
3. Construction Permits
- Apply for a Građevinska dozvola (building permit)
- Includes technical documentation and legal verification
4. Construction and Supervision
- Hire a registered building company
- Inspections are carried out during the process
- Average time: 20–24 months
5. Final Registration
- Register the completed building
- Obtain a Use Permit to make it legally habitable
Evkowski company can manage the entire building process – from architectural design to finished home – with local teams and full project oversight.
Best Areas to Buy or Build in Budva
- Old Town (Stari Grad) – Historic charm, high rental returns
- Bečići – Family-friendly beach area with modern apartments
- Petrovac & Reževići – Ideal for peaceful villa living
- Hills above Budva – Lower land prices, spectacular views
Evkowski company has local knowledge and access to off-market opportunities in all these areas.
Final Thoughts: Is Budva Right for You?
Budva offers a unique mix of lifestyle and investment potential. Whether you’re buying an apartment, building a villa, or developing rental property, Montenegro’s open property laws and fast-growing market make it an attractive option.
With Evkowski company by your side, the process becomes simple.
You get local experts, multilingual support, and full project management from start to finish.
Let Evkowski company Help You Invest in Budva
Whether you’re just starting your search or ready to buy, Evkowski company can take care of everything:
- Property search and legal review
- Architectural planning and permits
- Full construction management
- Local partnerships with trusted professionals
- Assistance with residency and relocation
Contact Evkowski today for a free consultation on buying or building your dream property in Budva, Montenegro.