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Budva city guide: residents, tourists and property prices

Budva had 27,445 residents at the 2023 census, and 31.9% of them held only a foreign citizenship. In 2025 it recorded 884,794 tourist arrivals, about 32.2 per resident. New flats in the coastal region, which includes Budva, sold for €2,838 per m² on average in Q2 2026, according to preliminary MONSTAT data; there is no official figure for Budva alone.

Budva in figures

Residents (2023 census)27,445
Residents with only a foreign citizenship8,745 (31.9%)
Tourist arrivals (2025)884,794
Of which foreign visitors93.8%
Tourist arrivals per resident32.2
New-build price per m², Coastal region, Q2 2026€2,838

MONSTAT publishes new-build prices for Podgorica and for the coastal, central and northern regions, not for individual towns; the coastal region covers Bar, Budva, Herceg Novi, Kotor, Tivat and Ulcinj. Prices are for new flats sold by developers, not asking prices or resale flats.

About Budva

Budva is the heart of the Montenegrin riviera. In 2025 it recorded more tourist arrivals than any of the other six towns in these guides, and 18 of the country's 36 Blue Flag beaches in 2026 are on its coast.

Almost one in three residents holds only a foreign citizenship, and more than half of those aged 15 and over speak English. For a buyer this means very strong summer letting demand but a quiet winter; there is no official price per square metre for Budva itself, and asking prices by the sea are often well above the coastal average.

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Frequently asked questions

How many people live in Budva?
The 2023 census counted 27,445 residents in Budva, of whom 8,745 (31.9%) held only a foreign citizenship.
How many tourists visit Budva?
In 2025 MONSTAT recorded 884,794 tourist arrivals in Budva, about 32.2 per resident; 93.8% of them were foreign visitors.
What does a square metre of a new flat cost in Budva?
There is no official figure for Budva alone. MONSTAT includes it in the coastal region, where new flats sold for €2,838 per m² on average in Q2 2026 (preliminary data). Asking prices in listings show what sellers expect locally.
Can foreigners buy property in Budva?
Yes. Foreigners can buy flats and houses on the same terms as citizens; restrictions apply to agricultural land, forest and security zones. The contract is concluded before a notary and the purchase is registered in the cadastre.

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Sources

Figures from MONSTAT, checked on 9 October 2026; the ratio of tourist arrivals to residents is our own calculation. Fijaka is a listings platform, and this page is not a valuation of any property.