Reasons to invest in Budva
Reasons to invest in Budva
Budva is located in the heart of the Adriatic coast of Montenegro. It is one of the sunniest places not only at the Adriatic sea but also in Europe. Budva is almost 30km away from Tivat airport, 60km from Podgorica airport and 100km from Dubrovnik airport, in Croatia.
There are many reasons to visit Budva, to live there, and even to invest in Budva. When you visit Budva, you find yourself surrounded by many of these reasons. Here are 5 of these reasons:
Combination of outstanding beauty of the Adriatic sea and wonderful nature
Budva has 25 miles of coastline. In Budva, the climate is typically the Mediterranean, the winters are moderate and summers are mostly arid and hot. In addition to the unique beauty of the turquoise sea, Budva’s meandering coastline is covered with fascinating mountains which offer wonderful views. The coastal region of Budva is called as Budvanska Riviera and it is the tourist center of Montenegro, famous with its beaches, amusing nightlife and Mediterranean architecture.
For this reason, Budva is one of the most preferred places for both local and international travelers. In Budva, there are about 35 beaches, mostly rock and a little sandy. Some well known beaches around Budva are: Jaz, Mogren, Slovenska plaža, Saint Nikola, Guvance, Bečići, Kamenovo, Pržno, Queen’s beach, Miločer, Sveti Stefan, Drobni pijesak, Perazića do, Petrovac beach, Lučice, Buljarica. That’s why it is considered to be the Miami Beach of the country. The beaches of the Budva Riviera are under special protection as they represent a natural heritage.
The oldest settlement in the Adriatic!
Budva is a place which is over 2,500 years old. Budva Old City ramparts dating back to the 15th century includes a medieval ramparts system with its city gates, defense walls and towers. Situated within the walls of the Old City, the city is a combination of narrow streets and small squares with monuments of different cultures that exemplify its development over time. In summer the city becomes a lively theater with numerous performances and local shows. In addition, you can visit many shops, cafes, restaurants and galleries in Stari Grad (Old Town).
The Old Town is a special combination of the landscape, history and culture are a special combination on the south of the Adriatic coast. Budva is among the oldest city centers of the region and has a unique history for two and a half thousand years. Budva was by the Greeks in the 4th century BC and has always had regime changes for the Adriatic region: the Romans, the Byzantines, the Venetians, the Austrians, Tito’s Yugoslavia and now it is a part of Montenegro since 2006.
Excellent investment opportunity
Investors should consider the opportunity to invest on the real estate market of Montenegro especially Budva. The country and Budva are one of the fastest expanding areas in the world for this sector. Even though the prices have increased recently there is still plenty of room for growth.
Tourism is regarded as the backbone of Montenegro’s economy. And for that reason, future growth will continue to be dependent on travelers from Europe and all around the world. Every year in Montenegro, foreign investment is increasing and most are concentrated in the real estate and tourism markets.
Budva has become a traditional area for tourism in Montenegro. Big investments in Real Estate began here. Many people may want to own a property here to get rent income, while larger institutional investors may also want to own property in Budva for possible future income, development and etc.
