Where Can I Find Listings of Real Estate in Budva, Montenegro
Budva is a historic coastal town located on the Adriatic Sea in Montenegro, and within the Budva Riviera one of the most popular tourist destinations in the Balkans.
Lying roughly 25 km southwest of Montenegro's capital Podgorica, and close to Tivat and Kotor, Budva is a great location on Montenegro's popular coastline, attracting tourists, private use property buyers and and luxury real investors.
Buying cheap luxury real estate listings in Budva, Montenegro is a matter of perspective on what the purchaser or investor perceives as 'cheap'. The desired objective though can be possible with the right strategy.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Budva, Montenegro, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
You may ask where can I find listings of real estate in Budva, Montenegro, and in established or emerging luxury markets or area, luxury properties could be listed as undervalued in relation to future expectations, especially for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas often see strong appreciation when the market recovers or the area gentrifies.
