House 250 м² in Petrovac, Montenegro

470 659 $

1 882 $ /м²

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House 250m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #1

House 250m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #2

House 250m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #3

House 250m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #4

House 250m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #5

House 250m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #6

House 250m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #7

House 250m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #8

Area

250 м²

Bedrooms

House in Budva. The city is Petrovac.

Cozy house in Petrovac, located 150 meters from the sea in an olive grove. The area of the house is 250 m2. The area of the plot is 1100 m2. The house consists of 4 bedrooms, a kitchen-living room, and 2 bathrooms. A pool can be installed on the plot. The house is perfect for vacationing and renting out.

Additional details

Property type

Residential Properties

Number of rooms

Object type

House

Price

470 659 $

Characteristics

Sea View

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Petrovac; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Montenegro finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Montenegro takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Petrovac short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (470 659 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Petrovac: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).