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Podgorica 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 Podgorica €2,690: Budva was 31% more expensive. One-bedroom flats, rents and areas side by side.

Rohat KahramanAttorney, RoNa Legal

· Reviewed for legal accuracy

RoNa Legal
A residential building in Podgorica in afternoon light, seen from the street with balconies and windows

Is it better to buy a flat in Podgorica or in Budva? On price, Podgorica is cheaper. On 9 November 2026, flats for sale in Budva asked a median €3,520 per m² on Fijaka and flats in Podgorica €2,690 per m², so Budva was 31% more expensive. A one-bedroom flat asked a median €125,000 in Podgorica and €175,000 in Budva.

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

Podgorica and Budva side by side

Measure (9 November 2026)PodgoricaBudva
Flats for sale5371,373
Median price per m²€2,690€3,520
Median flat€153,000 for 58 m²€231,000 for 66 m²
One-bedroom flat€125,000€175,000
Two-bedroom flat€180,000€250,000
Flats up to €150,000247275
Flats up to €200,000378540
One-bedroom rent€500 a month€600 a month
Gross yield, one-bedroom4.8%4.1%

The gross yield on a long-term let is higher in Podgorica (4.8% against 4.1%).

Cheapest and most expensive areas

Podgorica: Zabjelo (€2,500 per m²) and Zagorič (€2,500 per m²) are the cheapest; Stari Aerodrom (€2,720) is the most expensive area with enough listings.

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.

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

Related answers

Frequently asked questions

Is Podgorica cheaper than Budva? Yes. On 9 November 2026, flats in Podgorica asked a median €2,690 per m² and flats in Budva €3,520, so Budva was 31% more expensive.

How much more does a one-bedroom flat cost in Budva than in Podgorica? A median €50,000 more: €175,000 against €125,000.

Where are there more flats under €150,000, Podgorica or Budva? Budva: 275 against 247.

How these numbers were measured

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