Can foreigners get a mortgage loan in Montenegro?

It might be tricky for a foreigner to obtain a mortgage loan for property in Montenegro . Erste Bank is the only bank lending to foreign property buyers, yet the primary qualification for an eligible foreign applicant is to have a residence permit in the country.

How much do utilities cost in Petrovac?

Property maintenance costs are not so high in Petrovac as compared to the rest of Europe. Read more about major housing and home ownership costs in Montenegro.

Can buying a property in Petrovac also get foreigners a residence permit in Montenegro?

A property purchase in Montenegro will get residence in the country (except for property for further development that would not qualify a buyer for a residence permit). There is no minimum investment threshold for a residence permit. The purchased property should be free and clear of any encumbrances. Read more in our article .

How to get citizenship in Montenegro by buying a a property in Petrovac?

To get citizenship in Montenegro , you would have both to purchase a property out of the government-approved pool investing at least € 250,000 and donate at least € 100,000 to the government fund.

What is the process of buying a property in Montenegro?

It will take 2–4 months in average to register property ownership in Montenegro. To close a transaction, a foreign buyer needs to present a foreign passport of the home country, an individual seller is to produce a legal proof of property ownership and the excerpt from record in the local property registry, and a corporate seller should additionally provide the buyer with its corporate documents. See details here .

What are the property prices in Petrovac?

The apartment prices in Petrovac vary in a range of €1400-1800 for a square metre depending on the region and distance from the sea. The prices of a house range from €2800-4200 for a square metre.

What taxes are charged on property purchase, ownership, and sale in Petrovac?

A transfer tax at 3% is charged on real estate transfers in Montenegro, and 21% VAT is levied if property has not been sold before. The real estate tax is levied for the use of the property at the rates ranging from 0.25 to 1% of the property value. Read more about the taxes charged on property purchase, ownership, rent, and sale in Petrovac on the website .

Key takeaways about Petrovac to know before property purchase: what makes the region special?

Petrovac is a resort town 17 kilometres from Budva, surrounded by olive groves and coniferous trees. The waterfront area is dotted with restaurants and cafés; there is also a market, some shops, hotels, pharmacies, a hospital, and a night club in an ancient fortress in Petrovac. Yet Petrovac is one of the quietest towns in the Budva Riviera that is ideal for family getaway. There are two beaches in Petrovac. The urban area here is so compact that not all the coastal houses can boast a sea view.

Property for Sale in Petrovac, Buy Real Estate from 90,000€

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For sale one-bedroom apartment with a view in the center of Petrovac for 90,000 €

For sale one-bedroom apartment with a view in the center of Petrovac

90,000 €

Total area 36 m²1 bedroom

2-bedrooms apartments in new building 75 m² in Petrovac, Montenegro for 215,000 €

2-bedrooms apartments in new building 75 m² in Petrovac, Montenegro

215,000 €

Total area 75 m²Land area: 150 m²2 bedrooms1 bathroom

Tranio’s instruction

Turkish citizenship for the whole family for real estate purchase

From $400,000 · Rental income

Simple registration procedure;
Return on investment;
Temporary residence permit for quick relocation.

2-bedrooms apartments in new building 55 m² in Petrovac, Montenegro for 140,000 €

2-bedrooms apartments in new building 55 m² in Petrovac, Montenegro

140,000 €

Total area 55 m²2 bedrooms1 bathroom

Furnished 2-bedroom apartment in Petrovac for 220,000 €

Furnished 2-bedroom apartment in Petrovac

220,000 €

Total area 90 m²2 bedrooms1 bathroom

2-bedrooms apartment 107 m² in Petrovac, Montenegro for 179,000 €

2-bedrooms apartment 107 m² in Petrovac, Montenegro

179,000 €

Total area 107 m²2 bedrooms2 bathrooms

1-bedrooms apartment 74 m² in Petrovac, Montenegro for 156,000 €

1-bedrooms apartment 74 m² in Petrovac, Montenegro

156,000 €

Total area 74 m²1 bedroom1 bathroom

Discounted properties upon request

Send us an enquiry, we will find advantageous offers for you

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Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

3-bedrooms apartment 104 m² in Petrovac, Montenegro for 267,000 €

3-bedrooms apartment 104 m² in Petrovac, Montenegro

267,000 €

Total area 104 m²3 bedrooms

3-bedrooms apartment 140 m² in Petrovac, Montenegro for 255,000 €

3-bedrooms apartment 140 m² in Petrovac, Montenegro

255,000 €

Total area 140 m²3 bedrooms

2 months ago

2-bedrooms apartment 53 m² in Petrovac, Montenegro for 190,000 €

With swimming pool

2-bedrooms apartment 53 m² in Petrovac, Montenegro

190,000 €

Total area 53 m²2 bedrooms

Townhome in Petrovac, Montenegro for 800,000 €

Sea view

Townhome in Petrovac, Montenegro

800,000 €

Land area: 323 m²

Apartment in Petrovac, Montenegro for 225,000 €

Apartment in Petrovac, Montenegro

225,000 €

Land area: 86 m²

2-bedrooms apartment 59 m² in Petrovac, Montenegro for 195,000 €

2-bedrooms apartment 59 m² in Petrovac, Montenegro

195,000 €

Total area 59 m²2 bedrooms

One-bedroom apartment with a large terrace in Petrovac, Budva, Montenegro for 117,000 €

Furnished

One-bedroom apartment with a large terrace in Petrovac, Budva, Montenegro

117,000 €

Total area 65 m²1 bedroom1 bathroom

Three-bedroom apartment with a private courtyard in Petrovac, Budva, Montenegro for 187,000 €

Urgent sale!

Three-bedroom apartment with a private courtyard in Petrovac, Budva, Montenegro

187,000 €

Total area 95 m²3 bedrooms3 bathrooms

2-bedrooms apartment 55 m² in Petrovac, Montenegro for 148,000 €

2-bedrooms apartment 55 m² in Petrovac, Montenegro

148,000 €

Total area 55 m²2 bedrooms

Four-level cottage with sea views in Petrovac, Budva, Montenegro

685,000 €

Total area 480 m²Land area: 780 m²12 bedrooms11 bathrooms

Two-storey house overlooking the sea in the center of Petrovac, Budva, Montenegro for 330,000 €

Sea view

Two-storey house overlooking the sea in the center of Petrovac, Budva, Montenegro

330,000 €

Total area 207 m²Land area: 455 m²8 bedrooms3 bathrooms

3-bedrooms apartment 152 m² in Petrovac, Montenegro for 420,000 €

3-bedrooms apartment 152 m² in Petrovac, Montenegro

420,000 €

Total area 152 m²3 bedrooms

3 months ago

House with sea view in Petrovac for 300,000 €

Sea view

House with sea view in Petrovac

300,000 €

Total area 197 m²Land area: 200 m²3 bedrooms2 bathrooms

1-bedrooms apartment 42 m² in Petrovac, Montenegro for 112,000 €

1-bedrooms apartment 42 m² in Petrovac, Montenegro

112,000 €

Total area 42 m²1 bedroom

1 week ago

Luxury villa 600 m² with swimming pool and landscaped yard, Petrovac (Budva) for 1,420,000 €

Luxury villa 600 m² with swimming pool and landscaped yard, Petrovac (Budva)

1,420,000 €

Total area 600 m²Land area: 555 m²14 bedrooms15 bathrooms

Apartment-Style House, 179 m² with Sea View, Petrovac for 340,000 €

Sea view

Apartment-Style House, 179 m² with Sea View, Petrovac

340,000 €

Total area 179 m²Land area: 259 m²5 bedrooms5 bathrooms

House for renovation with beautiful sea view, Petrovac, Budva for 650,000 €

Sea view

House for renovation with beautiful sea view, Petrovac, Budva

650,000 €

Total area 480 m²Land area: 785 m²10 bedrooms11 bathrooms

Beautiful 3-Bedroom Apartment for Sale in Petrovac for 250,000 €

Furnished

Beautiful 3-Bedroom Apartment for Sale in Petrovac

250,000 €

Total area 122 m²3 bedrooms

3 months ago

Unique Villa with Panoramic Sea View for Sale in Petrovac for 1,600,000 €

With swimming pool

Unique Villa with Panoramic Sea View for Sale in Petrovac

1,600,000 €

Total area 700 m²Land area: 500 m²6 bedrooms

2 months ago

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Tranio’s client cases

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08 February 2016
Holidays on the Adriatic: this client bought a sea-view flat in Montenegro
Beautiful Montenegro is one of the less-travelled Eastern European countries. Its magnificent coast, nestled in the mountains, is a perfect getaway from the bustle of big tourist resorts.
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From France to Montenegro: comparative apartmentology of a flat owner’s life
Daria (30), a financial expert from Moscow, Russia, and her husband knew Europe well by the time they bought their first flat there: an apartment in the South of France along the Mediterranean.
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The Final Lap: Returns Secured by Investors in The Community, Motor City
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Tranio client's experience: apartment on the French Riviera and obtaining a residence permit for financially...
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25 April 2024
Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa
Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or...
06 February 2024
Tranio’s client experience: mountain chalet in the Alps for vacation and good rental income
Resort property in the French Alps is a prospective investment, both from the point of view of getting income in high season, and getting a "second home" for vacations in a sunny, comfortable Alpine climate. Alpine...
24 January 2024
Tranio’s client experience: buying a second home on the Costa Blanca
Spanish real estate has consistently been in high demand in the past few decades.
27 October 2023
From renting to permanent residence: a Tranio client's story of buying an apartment in Cyprus
Andrey, an entrepreneur from Moscow, enlisted the Tranio team's help to find an apartment for long-term rental in Cyprus. However, his aspirations evolved into purchasing an apartment for permanent residence for his entire...

Property for sale in Petrovac