Property Abroad

Montenegro

Budva

Petrovac

House

House 210 м² in Petrovac, Montenegro

523 021 $

2 490 $ /м²

4OckT

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #1

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #2

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #3

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #4

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #5

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #6

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #7

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #8

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #9

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #10

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #11

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #12

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #13

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #14

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #15

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #16

House 210m² in Montenegro, Petrovac. Priced at 450000€ rent photo- #17

Area

210 м²

Bedrooms

Year of construction

1967

House with apartments near the center

The house is located in Petrovac, 500 meters from the sea

Area 210 m2

Plot 842 m2

The house consists of 7 apartments with kitchens and bathrooms

Fully furnished and equipped for rent

On the plot it is possible to build a building with apartments or a hotel with an area of up to 900 m2, co-investment is possible

Additional details

Property type

Residential Properties

Floor

Object type

House

Price

523 021 $

Land area

842

Distance to key points, m

To sea 500

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 (523 021 $) 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).