Panoramic Sea View Hotel Przno

Mini-hotel with 10 apartments of 358 m2 on the second line from the sea in Pržno, Budva.

Ground floor, first and second floor – 9 apartments (three per floor) with an area of ​​28-42 m2. All three apartments on the ground floor have direct access to the yard of 236 m2, which is cultivated with olive groves and other Mediterranean greenery.

On the third floor, there is a penthouse apartment of 89 m2, with a terrace offering a panoramic view of the sea.

All units are fully equipped and air-conditioned, and have a kitchen, private bathroom and exit to the terrace.

The building also has a reception, which makes it suitable for renting out. The facility is under video surveillance.

The beach is within walking distance. The old town of Budva is located at a distance of 8 km.

At 6,145 € per m² this listing sits about 51% above the median for Pržno, which stands at 4,065 € per m² across the 6 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 6 properties in Pržno, running from €430,000 to €2,200,000, and this is the most expensive of them. At the top of a neighbourhood the price is set by what is rare there rather than by the square metres.

On this asking price of €2,200,000 for 358 m², transfer tax comes to €124,000 — an effective 5.6%. 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 30 other for sale listings, asking between €185,000 and €1,800,000, with a median of €557,500. At €2,200,000 for 358 m² this one ranks 1 of 31 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.