House 833 м² in Petrovac, Montenegro

765 407 $

918 $ /м²

4OdGu

House 833m² in Montenegro, Petrovac. Priced at 670000€ rent photo- #1

House 833m² in Montenegro, Petrovac. Priced at 670000€ rent photo- #2

House 833m² in Montenegro, Petrovac. Priced at 670000€ rent photo- #3

House 833m² in Montenegro, Petrovac. Priced at 670000€ rent photo- #4

House 833m² in Montenegro, Petrovac. Priced at 670000€ rent photo- #5

House 833m² in Montenegro, Petrovac. Priced at 670000€ rent photo- #6

Area

833 м²

Bedrooms

Other attractions in Budva. The city - Petrovac.

Building with apartments, Petrovac.We offer a building: three floors, area 833m2, on a plot of 587m2 consisting of 19 apartments.The building is divided into eight blocks. Each block is registered in the cadastre separately and can be sold separately.Each floor includes two blocks: one block consists of two apartments, the second block consists of three apartments. Each unit can be separated from the common area by a door, adding a corridor to the living space.The ground floor consists of one large apartment, a utility apartment and two small apartments.There is a parking lot.All communications: electricity 64 kW, city water, septic sewerage.Distance to the gorgeous beach of Lucica is only 500m, the road to the beach leads through an olive grove.All apartments are renovated, equipped with all furniture and appliances, each has a spacious terrace overlooking the sea.Location: PetrovacHouse area: 833 m2Plot area: 587 m2Number of apartments: 19

Services and facilities

Furniture

Additional details

Property type

Residential Properties

Object type

House

Price

765 407 $

Land area

587

Characteristics

Furniture

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 (765 407 $) 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).