History of Budva, Montenegro: A History-Rich Coastal Town with a Thriving Real Estate Market
Budva is one of Montenegro’s most popular tourist destinations, and for good reason. With its stunning beaches, charming Old Town, and vibrant nightlife, it’s easy to see why visitors are drawn to this coastal town. But Budva is more than just a tourist hotspot – it’s also a thriving real estate market.
Introduction:
Budva is a coastal town in Montenegro with a history dating back over 2,500 years. It was originally settled by the Illyrians, and later came under the rule of the Greeks, Romans, Byzantines, Venetians, and Austro-Hungarians. This rich history is reflected in the town’s architecture and culture, which is a blend of Mediterranean and Slavic influences.
In recent years, Budva has become a popular tourist destination, known for its beautiful beaches, charming Old Town, and vibrant nightlife. The town is also home to a growing number of luxury hotels and resorts, making it a desirable destination for both tourists and investors.
History of Budva:
The first written record of Budva dates back to the 5th century BC, when it was known as Buthoe. The town was originally settled by the Illyrians, an ancient people who inhabited the Balkans. In the 6th century BC, the Greeks colonized the region, and Budva became a Greek emporium.
In the 2nd century BC, Budva became part of the Roman Empire. During this time, the town flourished, and became an important trading center. The Romans built a number of public buildings in Budva, including a forum, temples, and baths.
After the fall of the Roman Empire, Budva came under the rule of the Byzantine Empire. During this time, the town was repeatedly attacked by various invaders, including the Slavs and the Arabs.
In the 14th century, Budva was conquered by the Venetian Republic. The Venetians ruled Budva for over 400 years, during which time they built a number of fortifications and other buildings in the town.
In the 18th century, Budva was conquered by the Austro-Hungarian Empire. The Austro-Hungarians ruled Budva until the end of World War I, when it became part of the Kingdom of Yugoslavia.
After World War II, Budva became part of the Socialist Republic of Montenegro, which was a constituent republic of Yugoslavia. During the Yugoslav era, Budva developed into a major tourist destination.
Real Estate in Budva:
The real estate market in Budva is booming. The town is a popular destination for both tourists and investors, and there is a high demand for both residential and commercial properties.
The average price of a square meter of property in Budva is around €2,500. However, prices can vary depending on the location, type of property, and amenities.
The most popular areas for real estate investment in Budva are the Old Town, the waterfront, and the Jaz Beach area. The Old Town is a charming historic area with narrow streets and stone buildings. The waterfront is home to a number of luxury hotels and resorts, as well as apartments and villas. The Jaz Beach area is a popular tourist area with a long sandy beach and a variety of restaurants and bars.
Conclusion:
Budva is a beautiful coastal town with a rich history and a thriving real estate market. If you are looking to invest in a property in Montenegro, Budva is a great option.
