Land 1 м² in Petrovac, Montenegro

457 400 $

457 400 $ /м²

4Og6s

Land 1m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #1

Land 1m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #2

Land 1m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #3

Land 1m² in Montenegro, Petrovac. Priced at 400000€ rent photo- #4

Area

1 м²

Plot with unfinished 9-apartments building with sea view

The plot is located in the picturesque area of Medinski Krsh 500 meters from the sea surrounded by coniferous forest.

Area 320 m2

On the site built a 5-storey building with an area of 790 m2
The building faces the sea, the main entrance to the building is at the level of the third floor
In front of the building according to the urban plan will not be built other buildings
The building has nine apartments, eight of which have 1 bedroom, an area of about 62 m2, and one with 3 bedrooms, an area of about 125 m2.
On each floor there are two apartments, penthouse on the top floor + operated roof.
Apartments on the ground floor will also have a separate courtyard to the south and side.
Electricity, plumbing and sewerage are spread throughout the building
A hydrant plant and a water pump are laid throughout the building.
Obtained a building permit under the old urban conditions with the payment of utilities in the amount of 30 000,00 euros, as well as all the necessary approvals and fees;
The building is legally connected to the electricity, water supply and sewerage networks;

Documents within the established deadlines for the legalization process.

All apartments are documented separated, inscribed in the list of real estate

Additional details

Property type

Land

Object type

Land

Price

457 400 $

Land area

320

Distance to key points, m

To sea 500

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 (457 400 $) 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).