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Bar or Budva: where to buy a flat in Montenegro? Prices, rents and areas compared (November 2026)

On 9 November 2026, flats for sale in Budva asked a median €3,520 per m² on Fijaka and flats in Bar €2,700: Budva was 30% more expensive. A one-bedroom flat cost €175,000 in Budva and €137,000 in Bar. Rents, yields and areas side by side.

Rohat KahramanAttorney, RoNa Legal

· Reviewed for legal accuracy

RoNa Legal
The walls of Budva's old town by the sea, with apartment buildings on the hillside behind

Is it better to buy a flat in Bar or in Budva? It depends on the budget and on what you want from the town. On price, Bar is clearly cheaper: on 9 November 2026, flats for sale in Budva asked a median €3,520 per m² on Fijaka and flats in Bar €2,700 per m², so Budva was 30% more expensive. A one-bedroom flat asked a median €175,000 in Budva and €137,000 in Bar.

Budva has the larger choice of flats; Bar has the lower prices. Here is what the listings say, number by number.

Bar and Budva side by side

Measure (9 November 2026)BarBudva
Flats for sale8221,373
Median price per m²€2,700€3,520
Median flat€155,000 for 61 m²€231,000 for 66 m²
One-bedroom flat€137,000€175,000
Two-bedroom flat€189,000€250,000
Flats up to €150,000365275
One-bedroom rent€500 a month€600 a month
Two-bedroom rent€700 a month€850 a month
Gross yield, one-bedroom4.4%4.1%
Gross yield, two-bedroom4.4%4.1%

Rents in Budva are higher, but not by as much as prices, so the gross yield on a long-term let is slightly better in Bar. Summer rentals by the week are a different market and are not in these figures.

Cheapest and most expensive areas

Bar: Čeluga (€2,360 per m²), Sutomore (€2,400), Utjeha (€2,420) and Šušanj (€2,490) are the cheapest; Dobra Voda (€2,900) is the most expensive area with enough listings.

Budva: Petrovac (€2,600 per m²) and Lazi (€2,900) are the cheapest; Sveti Stefan (€4,190) and Rafailovići (€5,430) the most expensive.

The two markets overlap at the edges: Petrovac, the cheapest part of Budva, asks less per m² than Dobra Voda in Bar.

What the same budget buys

With €150,000 there were 365 flats to choose from in Bar and 275 in Budva. In Bar that budget reaches the median one-bedroom flat (€137,000); in Budva it is below the median one-bedroom price (€175,000).

Details for each town: one-bedroom flats in Bar and one-bedroom flats in Budva.

Current listings: flats for sale in Bar and flats for sale in Budva.

Frequently asked questions

Is Bar cheaper than Budva? Yes. On 9 November 2026, flats in Bar asked a median €2,700 per m² and flats in Budva €3,520, so Budva was 30% more expensive.

How much more does a one-bedroom flat cost in Budva than in Bar? A median €38,000 more: €175,000 in Budva against €137,000 in Bar.

Where is rental yield higher, Bar or Budva? Slightly higher in Bar: a gross 4.4% on a one-bedroom flat against 4.1% in Budva, for long-term lets.

Is Petrovac cheaper than Budva town? Petrovac, which is in the municipality of Budva, asked a median €2,600 per m², the lowest in Budva.

How these numbers were measured

Asking prices and rents of all active flats and studios on Fijaka on 9 November 2026 in the municipalities of Bar and Budva. Medians leave out listings without a price. An area is shown only with at least 15 listings from at least 3 sellers, where no seller has half of them. Gross yield is a year's median asking rent divided by the median asking price. These are asking prices, not sale prices; see also the Fijaka price per m² index.

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This article is for informational purposes only and does not constitute legal advice. We recommend seeking professional advice from a licensed attorney for real estate transactions in Montenegro.