Area
30 м2
Bedrooms
4
Apartment in Budva. The city is Petrovac.
New studio for sale in Petrovac!
An excellent option for living or renting in one of the most comfortable resort towns in Montenegro.
Specifications:
- Location: Petrovac
- Area: 30 m²
- Floor: first
- Elevator: yes
Peculiarities:
- Modern quality of construction
- Heated floors for comfortable living at any time of the year
- The apartment is new, in perfect condition
- The entrance is regularly serviced, CCTV cameras are installed for security
This studio combines comfort, style and a great location. Ideal for both personal use and investment.
Additional details
Property type
Residential Properties
Floor
1
Object type
Flat
Price
113 038 $
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 (113 038 $) 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