Area
113 м2
Bedrooms
2
Apartment in Budva. The city is Petrovac.
Description
For sale luxury apartment with sea view in Petrovac-Prizevorac
Main characteristics:
- Apartment area: 113 m²
- Spacious terrace: 20 m² with views of the sea and olive grove
- Price: 390,000 euros (includes a 55 m² garage under the house, which can be converted into a studio)
Description of the apartment:
- Spacious living room with wood burning fireplace
- Modern kitchen with marble tile flooring
- 2 bedrooms with natural parquet
- 2 bathrooms with heated floors
- Fully furnished and equipped with household appliances
- Panoramic aluminum-wood windows
- Armored entrance doors, aluminum blinds with electric drive
- Video intercom and air conditioners
- All finishing materials and plumbing are Italian made.
Infrastructure:
- Garage: 55 m² under the house (can be used as a studio)
- Free parking: in front of the house
- Centralized water and electricity supply
Advantages:
- Picturesque view of the Adriatic Sea and olive grove
- Elite materials and high-quality finishing
- An excellent option for comfortable living and possible rent
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Additional details
Property type
Residential Properties
Number of rooms
2
Floor
4
Object type
Flat
Price
457 344 $
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 (457 344 $) 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).
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Liliya
International Real Estate Consultant