Montenegro to extend residence by investment programme into 2022

  • Investments of at least 450,000 €
  • Potential accession to the EU in 2025*
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  • Petrovac, Budva, Montenegro
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With swimming pool

With swimming pool

1,200,000 €
Total area 540 m²Land area: 640 m²
Citizenship in exchange for investment in a hotel near a ski resort

Montenegrin passport

250,000 € · Rental income
  • The project approved by the authorities;
  • Passports are issued to the entire investor's family members;
  • The investors receives 40% of the rental income.

With swimming pool

2,400,000 €
Total area 1,357 m²Land area: 397 m²5 bedrooms5 bathrooms

Furnished

267,000 €
Total area 89 m²2 bedrooms2 bathrooms

The first line

3,200,000 €
Total area 800 m²Land area: 500 m²5 bedrooms5 bathrooms

Furnished

173,000 €
Total area 58 m²2 bedrooms1 bathroom
Discounted properties upon request

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Ksenia Kolesnikova
Ksenia Kolesnikova,
Client manager

Furnished

117,000 €
Total area 82 m²1 bedroom1 bathroom

Sea view

86,000 €
Total area 47 m²1 bedroom1 bathroom

Sea view

191,000 €
Total area 137 m²3 bedrooms2 bathrooms

Furnished

400,000 €
Total area 145 m²

With swimming pool

110,000 €
Total area 53 m²

Sea view

740,000 €
Total area 450 m²Land area: 180 m²10 bedrooms

Furnished

356,000 €
Total area 83 m²2 bedrooms2 bathrooms

Sea view

150,000 €
Total area 128 m²2 bedrooms2 bathrooms

Sea view

130,000 €
Total area 72 m²2 bedrooms2 bathrooms

Sea view

280,000 €
Total area 112 m²2 bedrooms2 bathrooms

Sea view

119,000 €
Total area 62 m²1 bedroom1 bathroom

The first line

2,500,000 €
Total area 917 m²Land area: 700 m²5 bedrooms5 bathrooms

Sea view

650,000 €
Total area 240 m²Land area: 470 m²6 bedrooms6 bathrooms

Furnished

175,000 €
Total area 110 m²1 bedroom1 bathroom

Furnished

320,000 €
Total area 128 m²2 bedrooms2 bathrooms

Sea view

89,000 €
Total area 55 m²2 bedrooms2 bathrooms

Sea view

120,000 €
Total area 67 m²2 bedrooms1 bathroom

With swimming pool

1,150,000 €
Total area 285 m²Land area: 320 m²4 bedrooms4 bathrooms

Furnished

110,000 €
Total area 58 m²2 bedrooms1 bathroom
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    Anna Kurianovich
    Anna Kurianovich,
    Senior Investment Advisor
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      FAQ about Petrovac
      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.
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      Liudmila Lukina
      Real Estate Expert Tranio in Petrovac
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