Property Abroad

Montenegro

Budva

Petrovac

Flat

Flat 470 м² in Petrovac, Montenegro

1 711 199 $

3 640 $ /м²

4OdwB

Flat 470m² in Montenegro, Petrovac. Priced at 1500000€ rent photo- #1

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Area

470 м²

Bedrooms

Apartment in Budva. The city is Petrovac.

Description

Exclusive villa in Petrovac, excellent quiet location. Area 470 m2, on the 1st and 2nd floors, 3 separate apartments for guests per floor, with 2 bedrooms, shower rooms combined with a bathroom.

On the 3rd floor: living room, kitchen, 3 bedrooms, bathroom, toilet. Each floor is 125m2. On a plot of 1300 m2, half of the plot is under flowerbeds and flowers, decorated with dwarf cypress trees, and half is a large terrace for relaxation, a swimming pool, and a bar with a kitchen. Laundry room, compressor room for cleaning the pool. Water, sewerage. Built in 2005, 7 min walk to the sea.

Petrovac, one of the most beautiful cities in Montenegro, is located on the Budva Riviera. Opposite the city, in the sea, there are two charming rocky islands, on one of them there is a miniature chapel. From there, a gentle bell ringing can be heard every morning. The city is surrounded by olive groves.

The villa can be used as a mini hotel with 7 rooms. Two entrances.

Possible exchange for real estate in Moscow or the Moscow region.

Additional details

Property type

Residential Properties

Number of rooms

Object type

Flat

Price

1 711 199 $

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 (1 711 199 $) 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).