Renting apartments in Budva: 7 steps to a successful transaction

In this article we will tell you how to find real estate for rent in Budva, which is located on the Adriatic coast in Montenegro and attracts tourists and emigrants from all over the world with its beautiful beaches, historical sights and a good selection of real estate not only for rent, but also for purchase.

Many people choose this location for the following reasons: there is a beautiful embankment, the opportunity to swim in the sea and relax on specially equipped beaches. There are boat trips, fishing, a huge selection of establishments where you can eat delicious seafood, various establishments with live music, concerts and theatrical performances, shopping centers with branded clothing and natural cosmetics from Europe. In summer are festivals, carnivals and various events for guests. Services such as beauty salons, delivery of groceries from stores and food from restaurants, car and equipment repairs have been developed.

Content:

1. How to rent an apartment for a long time in Budva
2. Types of apartments for long-term and short-term rental and costs
3. On what terms is the contract concluded?
4. The process of concluding a lease agreement
5. Service and amenities
6. Popular areas
7. Tips for finding housing, what to consider
8. How to avoid becoming a victim of fraud
9. Reviews about life in Montenegro

In order to rent an apartment for a long time in Budva, you need to follow these 7 steps:

1. Choose a location, depending on what infrastructure you need, keep in mind that there is a tourist season

• Old Town: authentic atmosphere, but noisy and expensive
• Slavyansky beach: close to the sea, but crowded
• Becici: quiet area, but far from the center
• Rafailovichi: an elite area with expensive apartments

2. Decide on the type of housing

• • Studio: budget option for 1-2 people
• • Apartments: more personal space for all family members
• • Villa: if you want a private pool, garden, parking space and privacy

3. Start your search

• You can use websites or groups on social networks, but there is a risk of falling for scammers; how to avoid this, read further in our article
• Real estate agencies: will help you find a suitable option, give advice, help with notarization of the contract. Contact our agency and look at the catalog of rental offers here: https://gomonte.me/en/

4. Check the documents

• Certificate of ownership
• The lease agreement must be drawn up and notarized in the presence of a translator

5. Be sure to include in the documents to avoid disputes

• Rental period: long-term or short-term for vacation or business trip
• Cost of monthly payment, including whether utilities are paid separately or included: water, electricity, internet, whether they are paid separately or included
• Deposit
• List of property
• Rights and obligations of the tenant and owner
• Conditions for early termination of the contract

6. Agree on the payment method

• Cash payment: the easiest way
• Bank transfer: safe option
• Cryptocurrency: a modern payment method

7. Notarization

• Optional: for up to 30 days
• Mandatory: for a period of more than 30 days

2. Types of objects for hire and cost

The average cost of renting housing in Budva is approximately 350–600 euros per month. The indicated price is approximate and may vary depending on specific rental conditions, season and demand in a particular period of time. Consider the cost of notarization, translator, deposit and last month. Prices depend on location, distance from the center and the sea, level of comfort, size of area:

1. Studios: €300 - €600 euros per month depending on the location, condition of the apartment and season.

A great option for single travelers or couples who want cozy and affordable accommodation. Usually they have all the amenities, furniture, household appliances, internet.

2. Rent an apartment with one or two bedrooms in Budva: €400 - €1000

Suitable for couples or small families and may be more comfortable for longer stays.

4. With three bedrooms or more: €800 - €1500

For large families or groups of friends. They usually have three bedrooms, a living room, a kitchen and sometimes two bathrooms, and terraces. Provide maximum comfort and convenience for living.

5. Penthouse: €1000 to €2000

Luxurious accommodation option with stunning views of the sea and city. Usually located on the upper floors of buildings and have large terraces or balconies. Equipped with modern household appliances and have a modern design.

6. Villas: €1500 to €5000 and above, depending on the size of the villa, location, level of comfort and availability of additional amenities.

An ideal choice for those who prefer complete privacy and comfort. The layout includes several bedrooms, a large living room, a fully equipped kitchen, a private pool and a garden. Living in a villa allows you to enjoy your holiday in privacy and luxury. In our catalog you can see many options suitable for any needs and budgets using a filter: type of housing, budget and other criteria. Go to the rental catalog: https://gomonte.me/en/search/rent/

What affects the amount of payment:

Seasonal fluctuations are one of the key aspects affecting the cost of rental property in Montenegro. The summer season, starting from May and ending in September, is considered the peak period for tourism, including all the coastal cities of Przno, Becici, Tivat, Bar, Herceg Novi, Sveti Stefan, Petrovac. At this time, demand increases significantly, which leads to an approximately doubling of prices.

Another important factor influencing price is location. Properties located near the beaches or the center, overlooking the sea, usually have a higher price than housing in remote areas.

3. Basic terms that are usually included in a rental agreement

1. The amount of rent is for a certain period (for example, a month or a year) and can be set in euros or other currencies.
2. Deposit is the amount of money that the tenant is obliged to pay to the landlord as a deposit for fulfilling the terms of the contract. It can be used to cover damage caused to the property during the tenant's occupancy. Typically the amount is one or two months' rent, but it can be set at a different amount depending on the agreements of the parties. The deposit will be returned to the tenant upon departure, provided that all obligations are fulfilled and there is no damage.
3. Lease terms - fixed term (for example, 6 months or a year) or indefinite with the possibility of termination at the initiative of either party.
4. Early termination of the contract. If it is necessary to terminate the lease agreement before the expiration of the term, the parties must take into account the conditions under which they can terminate the relationship. This usually involves paying penalties or giving the other party advance notice for a certain period of time. It is important to provide for these conditions in advance in order to avoid unpleasant situations if it is necessary to end the lease relationship early.

In addition to the above conditions, other important points may be indicated: such as the payment procedure, the responsibility of the parties for cleaning and repairing the home, rules of residence, etc. It is important to carefully study all the conditions and make sure that they correspond to the interests of both parties, this will avoid conflicts and ensure harmonious relations between the parties.

4. Transaction process

• The tenant provides a copy of his passport for identification.
• The lessor provides documents confirming his right to rent out housing, such as a certificate of ownership or a purchase and sale agreement.
• The notary certifies the transaction in the presence of a translator.

  5. Service and amenities

The country, with its magnificent beaches and picturesque landscapes, attracts tourists from all over the world not only for its beauty, but also for the variety of services and amenities when renting apartments. Take a look at the various additional services that can make your stay much easier:

1. Regular cleaning of the premises. Sometimes property owners offer the services of professional cleaners who will keep your home clean and tidy throughout your stay. This is especially convenient for those who value coziness and comfort in their temporary housing.

2. Internet access, stable Wi-Fi connection. Check the price and availability before making a choice. Not all houses have cable Internet yet and therefore the speed through the router may be lower.

3. Availability of parking near the house. Many apartments offer their residents convenient parking spaces or even garages, which avoids the hassle of finding a place for a car and ensures the safety of your vehicle.

4. For lovers of active recreation and relaxation, additional amenities such as a swimming pool or spa area may also be important. Many residential complexes and apartments in Budva offer their guests access to public swimming pools, gyms or saunas, which allows them to enjoy good rest and take care of their health.

6. Top areas when choosing a location to move to

In Budva, it is best to live in those locations where there are the least number of tourists and are cheaper, these are the areas: Markovichi, Podlichak, Blizikuche, Tudorovichi, Lapshichi, Stanisichi.,

The most popular and expensive are:

1. Becici is a beautiful resort village located just a few kilometers from Budva. Here you will find wide sandy beaches, clear seas and cozy restaurants and cafes. Renting an apartment in Becici offers an excellent combination of a relaxing holiday and proximity to entertainment centers.

2. Rafailovichi - a cozy village located on the shores of the Adriatic Sea and famous for its picturesque beaches and cozy cafes on the embankment. Renting an apartment in Rafailovici will allow you to enjoy a calm and relaxing holiday surrounded by nature.

3. Sveti Stefan is one of the most exclusive places, famous for its luxury hotels, high-class restaurants and clean beaches.

4. The Old Town is the historical center where you can rent luxury apartments in ancient buildings overlooking the sea. Walking through the narrow streets, visiting local restaurants and cafes makes your stay here unforgettable.

5. The center is an area with developed infrastructure, many shops, restaurants and entertainment venues. Here you will be in the thick of entertainment and nightlife: festivals, parties in clubs and outdoor areas in the summer, concerts of Balkan stars, beach holidays, boat trips, meeting foreign guests. A huge number of shopping centers with European brands, food products from EU countries, beauty salons and gyms, all of this is accessible and has high service.

7. What to consider when searching and choosing

Whether you're planning a vacation or a move, there are some things to consider to help you choose the perfect place to live in this amazing resort town:

1. Location

Find out how close the apartment is to the beach, city center, shops and restaurants. If you prefer a relaxing holiday away from the hustle and bustle, then choose accommodation where the infrastructure for tourists is not developed. If you want to be closer to entertainment venues and attractions, then choose an apartment in the center or in the Old Town.

2. Amenities

Please note that the necessary amenities are available, such as air conditioning, Wi-Fi, a kitchen with the necessary utensils, a washing machine, etc.

3. Security

Ask about the presence of a safe, secure door locks, video surveillance and other security measures.

4. Price

Compare prices on our website for various options, taking into account their location and amenities. Don't forget to factor in additional costs such as utilities and cleaning.

5. Experience of real estate agencies

Our real estate agency in Montenegro, GoMonte, has been operating in the real estate market for more than 10 years and guarantees the security of the transaction and assistance with notarization. Our website is conveniently designed and takes into account all the client’s wishes, for example, if you have pets, a car and want to have your own parking, as well as many apartments with sea and mountain views. You can set the necessary options when searching and see all the options in our catalog here: https://gomonte.me/en/search/rent/. Then contact our specialists +382 69 777 680 Viber/WatsAap/Telegram and agree on a time to view the properties that suit you.

8. How to avoid becoming a victim of fraud

Many expats face the problem of real estate fraud. To avoid this and make your rental experience safe and enjoyable, you should follow a few basic rules:

1. Check the reliability of the agency or owner. Make sure the agency or owner is in good standing before entering into a deal. Look at customer reviews and ask about the experiences of others.
2. Don't transfer money in advance. Never send a down payment or deposit without signing a contract.

9. Reviews

And in conclusion, I would like to note that life on the seashore is not suitable for everyone; there is a humid climate and cold winds blow in winter and high prices for everything during the tourist season, including food. Read the reviews and experiences of some of our clients, as well as how much money you need to have to live in Montenegro:

• "The standard of living here is very high. Clean environment, nice people, beautiful architecture, serene life. I really like the local cuisine, everything is homemade and delicious. On weekends you can go on vacation to the mountains or the sea, or you can go to museums and exhibitions. In Overall, we are glad we decided to move." Elena, PR manager

• “For a comfortable life in Montenegro, you need to have a good and stable financial income of 1200 euros. In 2024, prices are predicted to fall, but it is not a fact that this will happen. If you are going to move here, keep in mind that there is almost no work here, despite the fact that A huge number of relocants arrived and they opened many new service companies here." Igor, IT developer

• “Searching for and renting housing is a tedious process that takes a lot of time, especially if you do it yourself, many nuances emerge. For example, we once rented a house, the owner of which refused to notarize the contract, although he agreed before concluding the contract. In the end, it turned out that "that there was a lot of mold in the house, we wanted to leave early, but they refused to return the deposit to us. Therefore, it is better to turn to realtors for help, many of whom do not charge a commission, for example GoMonte." Svetlana, wedding planner

We hope our tips in the article were useful and will help you with choosing and making a decision about moving if you are still at the stage of planning and searching for housing. Read also our other articles: Interview with a musician about moving to Montenegro, Ideas for business in the country, How to get a residence permit in Montenegro in 2024.