Gospostina, studio apartment with a garage

Area: 46m2 (38.5m2 + 8.5m2 terrace)

Rooms: 1

Bathrooms: 1

Garage: 15m2

Studio apartment in Budva with a garage, in Gospoština settlement, approximately 100m away from the Old Town and the sea.

The apartment measures an area of 46m2, it is equipped with premium sanitary ware, ceramics and household appliances, and fully furnished with branded Italian furniture.

It consists of a hallway, bathroom, main room with a kitchen and dining area, and a large terrace.

The apartment has not been used for renting. Additionally, it is possible to purchase a garage with an area of 15m2 for the price of 25,000 EUR.

At 2,700 € per m² this listing sits about 39% below the median for Budva, which stands at 4,420 € per m² across the 56 properties we hold there. Below-median usually means one of three things: set back from the water, an older build, or a floor plan that needs work.

We currently hold 56 properties in Budva, running from €124,200 to €3,500,000; by price this one ranks 56 of 56. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €124,200 for 46 m², transfer tax comes to €3,726 — an effective 3%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.

Within 5 km of this address we hold 36 other for sale listings, asking between €172,800 and €2,100,000, with a median of €550,000. At €124,200 for 46 m² this one ranks 37 of 37 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.