Studio Apartment in Budva, Montenegro — 21 m², Fully Furnished, 300 m from Sea
Budva, Montenegro
98,000€
Description
This studio apartment in Budva, Montenegro sits in one of the city’s most consistently in-demand rental zones — Street 4, central Budva, 300 metres from the Adriatic, close to the MB Hotel on the main boulevard. At 21 m² with a fully bespoke interior, private balcony, and a clean legal title on a fully legalized building, this is a compact, income-ready asset in Montenegro’s highest-demand tourist destination.
The layout is efficient by design: entrance hallway, bathroom, open-plan kitchen and living area, and balcony — every square metre purposefully used. The furniture is custom-built for the space, maximising rental appeal without wasted area. The result is a unit that photographs well, rents fast, and demands minimal ongoing management — three qualities that define a strong short-term rental in Budva.
Documentation is fully in order: sole ownership (1/1) with no co-owners, liens, or encumbrances, and building legalization permit registered 22 August 2023. In a market where legalization status is a critical due diligence point for buyers, this certificate removes one of the most common barriers to a clean purchase in Montenegro.
Studio Apartment in Budva, Montenegro — 21 m², Fully Furnished, 300 m from Sea
The apartment sits on Street 4 near the main boulevard close to MB Hotel — a central position with immediate access to Budva’s full urban infrastructure and walking distance to the Adriatic coast. Key distances:
Adriatic Sea — 300 m
Slovenska Beach (Slovenska plaža) — 400 m
Budva Old Town (Stari Grad) and City Beach (Gradska plaža) — 700 m
Mogren Beach — 1.2 km
Budva Riviera promenade — 5 min walk
Tivat Airport and Porto Montenegro — 25 km (20 min drive)
Podgorica — 65 km (55 min drive)
Property Features — Studio Apartment Budva, Montenegro
Total Area: 21 m²
Layout: Hallway, bathroom, kitchen, living room, balcony
Furnishing: Fully furnished — custom-built bespoke furniture throughout
Balcony: Yes
Distance to Sea: 300 m
Condition: Move-in ready, rental-ready
Ownership: 1/1 — sole ownership, clean title, no encumbrances
Building Status: Fully legalized — permit registered 22.08.2023
Location: Street 4, central Budva, near MB Hotel boulevard
Investment Potential — Studio Apartment in Budva
Budva is Montenegro’s premier tourist destination — the highest short-term rental demand city in the country, drawing over 1 million visitors annually to its beaches, Old Town, and Riviera nightlife. A studio apartment in Budva, Montenegro at this price point delivers three distinct income streams:
Seasonal rental (June–September): Peak-season nightly rates for a furnished central Budva studio range from €45–€80. July–August occupancy for well-presented units regularly exceeds 90%
Long-term rental: Stable monthly rental income from workers, digital nomads, and year-round residents — Budva has a growing non-seasonal residential population driving demand outside tourist season
Low cost base: At 21 m², maintenance, utility, and management costs are among the lowest possible for a Montenegrin investment property, protecting net yield
Foreign nationals purchase property in Montenegro with full ownership rights and no restrictions. Preliminary contract, notary due diligence, final contract, Land Registry registration — typically 4–8 weeks. The registered legalization permit (22.08.2023) means no additional legal delays on this specific property. Read our guide for foreign buyers or the step-by-step buying guide. For notary requirements, see the Notary Chamber of Montenegro.
Frequently Asked Questions — Studio Apartment Budva Montenegro
Is a 21 m² studio apartment in Budva a good investment?
Yes — for three specific reasons. Budva is Montenegro’s highest-occupancy short-term rental market, meaning furnished central units perform better here than anywhere else in the country. A 21 m² footprint keeps running costs (utilities, management, maintenance) minimal relative to income. And this specific property has clean legal documentation — title 1/1 and a registered legalization permit from August 2023 — removing the due diligence risk that affects a significant portion of Montenegrin listings.
What rental income can I realistically expect?
Peak-season nightly rates (June–September) for a furnished central Budva studio range from €45–€80, with 85–95% occupancy in July and August. Long-term monthly rental ranges from €350–€500 depending on the season and contract length. Annual gross yield for a studio apartment in Budva, Montenegro at entry price typically ranges from 7–10%.
What does “clean title 1/1” and “legalized building” mean in Montenegro?
“Title 1/1” means the property is registered as 100% sole ownership with no co-owners, liens, mortgages, or encumbrances — the cleanest ownership structure in Montenegrin real estate. “Building legalized” with a registered permit (22.08.2023) means the structure meets building regulations and has been formally recorded with local authorities, eliminating the legal uncertainty that affects many older Montenegrin properties.
Can foreigners buy this studio apartment in Budva?
Yes. Montenegro imposes no restrictions on foreign property ownership. Non-EU citizens purchase on the same terms as Montenegrin citizens — full title in the buyer’s name, no local partner required, no minimum investment threshold. The process takes 4–8 weeks from signed preliminary contract to Land Registry registration.
What are the total purchase costs beyond the asking price?
Budget 3–4% above the purchase price: 3% property transfer tax (paid once at registration), approximately 0.1% notary fee. Our ownership and legal check is free; an optional notary or lawyer check costs extra. Montenegro Estates charges 0% commission to buyers.
Can I get residency by purchasing this property?
Yes. Property ownership in Montenegro qualifies you for a Temporary Residence Permit, renewable annually with no minimum purchase value requirement. Full details in our Montenegro residency via real estate guide.
How does Budva compare to Tivat and Bar for short-term rental investment?
Budva consistently delivers the highest short-term rental occupancy in Montenegro due to its concentration of beaches, Riviera nightlife, and the iconic Old Town. Bar and Tivat offer lower entry prices with strong long-term rental markets, but Budva’s peak-season yield potential for a furnished studio exceeds both. Read our Budva vs Tivat vs Bar property comparison for detailed data.
Prices and details on this website can change. The final price and terms are the ones in the signed contract. Before you buy, we check who owns the property and its legal status in the official property register, free of charge. If you want an extra check by a notary or lawyer, we can arrange it for a separate fee.
Liability: Montenegro Estates, Absolute Estate EU DOO, and our team are not responsible for any financial losses or damages resulting from the use of this website.
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