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Flat 37 м² in Petrovac, Montenegro

ID 4Oe3o
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Area
37 m²
Bedrooms
1

Description

Apartment in Budva. The city is Petrovac.

1 bedroom apartment in Petrovac, in a new premium complex with a swimming pool and sea views. 1st floor Area - 37.52 m2 The apartment consists of a corridor, living room with kitchen, bedroom, bathroom, and terrace. View of the mountains, pool, and sea. The complex is designed in accordance with high energy efficiency requirements, adapted primarily to future standards. During the construction of buildings, high-quality materials are used in construction and decoration, excellent heat and sound insulation. Heat loss is also minimized through the use of new window opening systems. The apartments are decorated with high-quality natural materials - authentic style parquet, wooden interior doors, tiles of the highest quality and modern design. High-quality sanitary ware for the bathroom. During the construction stage, if desired, you can also change the design project in accordance with your wishes for greater comfort. The territory of the complex, due to the terrain, has a cascade structure, many green surfaces, and will also have a swimming pool and a recreation area. Excellent location just 10 minutes walk to the beach, next to an olive grove, on a quiet and peaceful street. Within walking distance, there is all the necessary infrastructure - shops, pharmacy, cafe, etc. Distance to the nearest cities - Bar and Budva, no more than 25 minutes by car. Parking space - 15,000 euros The complex is due for completion in June 2025. Installments and payment stages - 30% upon conclusion of the contract; 30% after completion of rough construction work; 30% after completion of interior work; 10% upon receipt of keys. Price - Apartment on the 1st floor - 105,056 euros Apartment on the 4th floor - 127,568 euros

Characteristics

Property type
Residential Properties
Number of rooms
1
Object type
Flat
Price
116 412 $

FAQ

How can I get a residence permit by buying property in Montenegro?

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.

Is a mortgage available for non-residents in Montenegro?

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.

What taxes and fees apply when buying in Montenegro?

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.

How is the title checked in Montenegro?

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.

Can I rent out property after purchase in Montenegro?

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.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (116 412 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Montenegro?

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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Flat with 1 bedroom in Petrovac, Montenegro