Is it better to buy a flat in Budva or in Herceg Novi? On price, Herceg Novi is cheaper. On 9 November 2026, flats for sale in Budva asked a median €3,520 per m² on Fijaka and flats in Herceg Novi €3,500 per m², so Budva was 1% more expensive. A one-bedroom flat asked a median €175,000 in Budva and €172,000 in Herceg Novi.
Budva has the larger choice of flats. Here is what the listings say, number by number.
Budva and Herceg Novi side by side
| Measure (9 November 2026) | Budva | Herceg Novi |
| Flats for sale | 1,373 | 230 |
| Median price per m² | €3,520 | €3,500 |
| Median flat | €231,000 for 66 m² | €241,000 for 64 m² |
| One-bedroom flat | €175,000 | €172,000 |
| Two-bedroom flat | €250,000 | €315,000 |
| Flats up to €150,000 | 275 | 54 |
| Flats up to €200,000 | 540 | 93 |
Long-term rentals in Herceg Novi are too few or too concentrated in one seller to compare yields.
Cheapest and most expensive areas
Budva: Petrovac (€2,600 per m²) and Lazi (€2,900 per m²) are the cheapest; Rafailovići (€5,430) is the most expensive area with enough listings.
Herceg Novi: of the two areas with enough listings, Igalo (€2,900 per m²) is cheaper than Kumbor (€3,910).
Current listings: flats for sale in Budva and flats for sale in Herceg Novi.
Related answers
- How much does a two-bedroom flat cost in Budva?
- How much does a three-bedroom flat cost in Budva?
- How much does a one-bedroom flat cost in Herceg Novi?
- How much does a two-bedroom flat cost in Herceg Novi?
Frequently asked questions
Is Herceg Novi cheaper than Budva? Yes. On 9 November 2026, flats in Herceg Novi asked a median €3,500 per m² and flats in Budva €3,520, so Budva was 1% more expensive.
How much more does a one-bedroom flat cost in Budva than in Herceg Novi? A median €3,000 more: €175,000 against €172,000.
Where are there more flats under €150,000, Budva or Herceg Novi? Budva: 275 against 54.
How these numbers were measured
Asking prices of all active flats and studios for sale and for rent in the municipalities of Budva and Herceg Novi on Fijaka on 9 November 2026. 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, and is shown only where no seller has 60% or more of the rentals. These are asking prices, not sale prices.