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

On 9 November 2026, flats for sale in Tivat asked a median €4,570 per m² on Fijaka and flats in Budva €3,520: Tivat was 30% more expensive. One-bedroom flats, rents and areas side by side.

Rohat KahramanAttorney, RoNa Legal

· Reviewed for legal accuracy

RoNa Legal
Balcony of a rental apartment in Budva with keys on a table and rooftops and sea behind

Is it better to buy a flat in Budva or in Tivat? On price, Budva is cheaper. On 9 November 2026, flats for sale in Tivat asked a median €4,570 per m² on Fijaka and flats in Budva €3,520 per m², so Tivat was 30% more expensive. A one-bedroom flat asked a median €175,000 in Budva and €230,000 in Tivat.

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

Budva and Tivat side by side

Measure (9 November 2026)BudvaTivat
Flats for sale1,373475
Median price per m²€3,520€4,570
Median flat€231,000 for 66 m²€315,000 for 68 m²
One-bedroom flat€175,000€230,000
Two-bedroom flat€250,000€350,000
Flats up to €150,00027542
Flats up to €200,000540109
One-bedroom rent€600 a month€1,000 a month
Gross yield, one-bedroom4.1%5.2%

The gross yield on a long-term let is higher in Tivat (5.2% against 4.1%).

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.

Tivat: of the two areas with enough listings, Donja Lastva (€4,100 per m²) is cheaper than Porto Montenegro (€8,300).

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

Related answers

Frequently asked questions

Is Budva cheaper than Tivat? Yes. On 9 November 2026, flats in Budva asked a median €3,520 per m² and flats in Tivat €4,570, so Tivat was 30% more expensive.

How much more does a one-bedroom flat cost in Tivat than in Budva? A median €55,000 more: €230,000 against €175,000.

Where are there more flats under €150,000, Budva or Tivat? Budva: 275 against 42.

How these numbers were measured

Asking prices of all active flats and studios for sale and for rent in the municipalities of Budva and Tivat 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.

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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.