Property Abroad

Montenegro

Budva

Petrovac

Flat

Flat 116 м² in Petrovac, Montenegro

197 549 $

1 703 $ /м²

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Flat 116m² in Montenegro, Petrovac. Priced at 170000€ rent photo- #1

Flat 116m² in Montenegro, Petrovac. Priced at 170000€ rent photo- #2

Flat 116m² in Montenegro, Petrovac. Priced at 170000€ rent photo- #3

Flat 116m² in Montenegro, Petrovac. Priced at 170000€ rent photo- #4

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Flat 116m² in Montenegro, Petrovac. Priced at 170000€ rent photo- #12

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Flat 116m² in Montenegro, Petrovac. Priced at 170000€ rent photo- #29

Area

116 м²

Bedrooms

Apartment in Budva. The city is Petrovac.

We offer for purchase an apartment in Petrovac with a large terrace and sea views. It is located on the 4th-5th floor. The apartment area is 56 sq.m., and the terrace area is 60 sq.m. There is also a pantry of 10 sq.m. The apartment consists of a living room combined with a kitchen, a bedroom, a bathroom, and a balcony. The spacious terrace on the 5th floor features a jacuzzi and a barbecue. The pantry room is included as well. The windows and terrace provide beautiful panoramic views of the sea and Petrovac. The distance to the beach is 8-10 minutes on foot. There is a children's playground next to the house.

Additional details

Property type

Residential Properties

Number of rooms

Floor

Object type

Flat

Price

197 549 $

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 (197 549 $) 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).