Flat 120 м² in Petrovac, Montenegro

288 808 $

2 406 $ /м²

4Of0B

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #1

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #2

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #3

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #4

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #5

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #6

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #7

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #8

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #9

Flat 120m² in Montenegro, Petrovac. Priced at 248000€ rent photo- #10

Area

120 м²

Bedrooms

Apartment in Budva. The city is Petrovac.

A large five-room apartment with its own garden in Petrovac.
The official area is 120 square meters, but it actually measures 167 square meters.
5-room apartment
3 bedrooms
2 living rooms
2 bathrooms
2 kitchens
Balcony and terrace loggia. Second actual floor. Large parking area. 6 minutes to the sea.
Price: 248,000 euros.
Any payment method is accepted.
Sale from the owner! Negotiable.

Additional details

Property type

Residential Properties

Number of rooms

Object type

Flat

Price

288 808 $

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 (288 808 $) 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).