Riviera Montenegro 2bdr Duplex Apartment

Two-bedroom duplex apartment of 95 m2 within luxury waterfront complex Riviera Montengro 5* Hotel&Resdidences, Budva.

The apartment consists of a large living room with an exit to the terrace, kitchen, dining room, and guest toilet on the lower level, master en suite bedroom, and additional bedroom with bathroom on the upper level.

The apartment is for sale fully furnished according to the 5* hotel standard.

Riviera Montenegro 5* Hotel&Residences is a luxury complex located on the first line to the sea with 212 residential units, a 5* hotel with 144 apartments, and a shopping center with 27 stores.

The future owners will have at their disposal a 600 m infinity pool with numerous restaurants and rooftop bars, a private beach, a shopping mall, a wellness center, a gym, indoor parking, 24-hour concierge service, and numerous other facilities.

Terms of payment: 20% down payment and the rest over 24-month installments + 10% on completion of construction.

VAT is included.

Pre-launch special prices and payment plans are valid until September 2023.

Completion of the works is planned for the end of 2025.

The complex is located 1 km from the Old Town Budva, 10 m from the beach, and 700 m from the marina. The nearest airport in Tivat is 20 km away.

At 5,212 € per m² this listing sits about 18% 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 33 of 56. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €495,172 for 95 m², transfer tax comes to €21,759 — an effective 4.4%. 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 35 other for sale listings, asking between €124,200 and €2,100,000, with a median of €550,000. At €495,172 for 95 m² this one ranks 19 of 36 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.