Property Abroad

Montenegro

Budva

Petrovac

Flat

Flat 90 м² in Petrovac, Montenegro

317 188 $

3 524 $ /м²

4OezE

Flat 90m² in Montenegro, Petrovac. Priced at 270000€ rent photo- #1

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Area

90 м²

Bedrooms

Apartment in Budva. The city is Petrovac.

description

A sea view apartment for sale in Petrovac.

The apartment has 3 bedrooms.

The building is old.

The apartment has undergone expensive renovation.

The apartment is fully furnished and ready to live in.

Price 270.000 euros possible bargain

Price of 270.000 euros

Additional details

Property type

Residential Properties

Number of rooms

Object type

Flat

Price

317 188 $

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 (317 188 $) 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).