Hotel 840 м² in Petrovac, Montenegro

850 499 $

1 012 $ /м²

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Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #1

Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #2

Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #3

Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #4

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Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #6

Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #7

Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #8

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Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #11

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Hotel 840m² in Montenegro, Petrovac. Priced at 750000€ rent photo- #15

Area

840 м²

Bedrooms

Hotel, accommodation in Budva. The city is Petrovac.

Area of 840 m2

Additional details

Property type

Commercial

Number of rooms

Object type

Hotel

Price

850 499 $

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 (850 499 $) 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).