One-bedroom apartment on the first line to the sea, Petrovac, Budva

One bedroom luxury apartment of 46m2, on the first line to the sea. The apartment is east-oriented, with a side sea view from the living room terrace.

It consists of one bedroom, living room with dining area and kitchen, hallway, one bathroom and terrace. The apartment is sold fully furnished.

Due to its seafront position on the promenade in Petrovac, along the main city beach, as well as due to the quality and design of the building and the apartment itself, it has strong rental potential.

Public parking, with the possibility of securing a seasonal lease of parking space is located close to the building. A supermarket, large number of restaurants, post office and health center are located in a radius of 100m.

At 6,195 € per m² this listing sits about 40% above the median for Budva, which stands at 4,418 € per m² across the 56 properties we hold there. A premium usually buys position: the first line, a higher floor, or a completed build rather than one still under way.

We currently hold 56 properties in Budva, running from €124,200 to €3,500,000; by price this one ranks 49 of 56. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €285,000 for 46 m², transfer tax comes to €11,250 — an effective 3.9%. 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 5 other for sale listings, asking between €200,000 and €3,500,000, with a median of €1,330,000. At €285,000 for 46 m² this one ranks 5 of 6 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.