Property Abroad

Montenegro

Budva

Petrovac

Flat

Flat 120 м² in Petrovac, Montenegro

229 312 $

1 910 $ /м²

4Oez9

Flat 120m² in Montenegro, Petrovac. Priced at 205000€ rent photo- #1

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Area

120 м²

Bedrooms

Apartment in Budva. The city is Petrovac.

Description

Spacious two bedroom apartment in the Rosemary complex, Petrovac

Key parameters

Location: Petrovac, complex "Rozmarin"
Property type: apartment
Property type: secondary
Area: 120 m²
Number of bedrooms: 2
Number of bathrooms: 3
Price: 205,000 euros

Furniture and household appliances

For sale is a spacious apartment with two bedrooms and three bathrooms in the "Rosemary" complex in Petrovac. The total area of the apartment is 120 m², which allows you to comfortably accommodate both for recreation and for permanent residence. The apartment is located in a modern residential complex in one of the best locations in Petrovac, providing proximity to all the necessary infrastructure and excellent living conditions. Price - 205,000 euros.

Additional details

Property type

Residential Properties

Number of rooms

Object type

Flat

Price

229 312 $

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 (229 312 $) 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).