Montenegrin Coast (Budva / Tivat / Kotor) real estate market — prices, rental yield and trend

• Average price: $4,358 / m²
• Gross rental yield: 4.53%
• 12-month price change (USD): 17.2%
• Net rental yield: 3.99%
• Transaction cost: 9.6%
• Price basis: regional average

Montenegrin Coast (Budva / Tivat / Kotor) is one of the faster-moving markets Glopra tracks: the average residential square metre now costs $4,358, +17.2% in dollar terms over the last twelve months. That makes it the 96th most expensive of the 264 markets in the set.

What a buyer pays in Montenegrin Coast (Budva / Tivat / Kotor)

The $4,358 figure is a regional average across all residential property types, which flattens a wide spread — the most sought-after areas run well above it, the rest of the region well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 9.6% of the price here. On a 100 m² apartment at the average price that is roughly $41,837 on top of the $435,800 purchase price. That is close to the 9.5% median across the set.

What it earns

A square metre lets for about $16.4 a month. Against a purchase price of $4,358 per square metre that is 4.5% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 197th of 311 markets by gross yield. Rental income is taxed at 10.5–12.1% — the rate is not a single number here. That is the difference between 4% and 4.1% net on the same property. The 4% net figure we publish uses 11.9%.

Who can buy in Montenegrin Coast (Budva / Tivat / Kotor)

Freehold; agricultural and forest land not permitted. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Montenegrin Coast (Budva / Tivat / Kotor) is built from asking prices from listings. It was last refreshed on 2026-09-22. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: estitor.com. Snapshot: 2026-09-22.