Can foreigners get a mortgage loan to buy an apartment in Petrovac?

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?

Apartment 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 an apartment 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 an apartment 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 an apartment 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 apartment 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.

What taxes are charged on apartment 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 apartment 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.

51 Apartments for Sale in Petrovac, Buy Flat from 147,000 €

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2-bedroom apartment 99 m² in Petrovac for 220,000 €

Furnished

2 months ago

2-bedroom apartment 99 m² in Petrovac

Petrovac, Budva, Montenegro

220,000 €

Total area 99 m² · 2 bedrooms · 2 bathrooms

Sea view

2-bedroom apartment 75 m² in Petrovac

Petrovac, Budva, Montenegro

215,000 €

Total area 75 m² · Land area: 150 m² · 2 bedrooms · 1 bathroom

2-bedroom apartment 86 m² in Petrovac

Petrovac, Budva, Montenegro

350,000 €

Total area 86 m² · 2 bedrooms · 2 bathrooms

Sea view

2-bedroom apartment 54 m² in Petrovac

Petrovac, Budva, Montenegro

163,000 €

Total area 54 m² · 2 bedrooms · 1 bathroom

3-bedroom apartment 104 m² in Petrovac

Petrovac, Budva, Montenegro

267,000 €

Total area 104 m² · 3 bedrooms

Urgent sale!

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

Petrovac, Budva, Montenegro

187,000 €

Total area 95 m² · 3 bedrooms · 3 bathrooms

Elvira Gracheva

Head of Sales Tranio Europe

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Furnished

3-bedroom apartment 122 m² in Petrovac

Petrovac, Budva, Montenegro

250,000 €

Total area 122 m² · 3 bedrooms

Sea view

2-bedroom apartment 105 m² in Petrovac

Petrovac, Budva, Montenegro

330,000 €

Total area 105 m² · 2 bedrooms · 2 bathrooms

2-bedroom apartment 60 m² in Petrovac

Petrovac, Budva, Montenegro

220,000 €

Total area 60 m² · 2 bedrooms · 1 bathroom

3-bedroom apartment 100 m² in Petrovac

Petrovac, Budva, Montenegro

150,000 €

Total area 100 m² · 3 bedrooms · 2 bathrooms

Small apartment building with a sea view, at the stage of completion of rough construction works, Petrovac, Budva Riviera, Montenegro

Petrovac, Budva, Montenegro

850,000 €

Total area 684 m² · 10 bedrooms · 5 bathrooms

3-bedroom apartment 167 m² in Petrovac

Petrovac, Budva, Montenegro

248,000 €

Total area 167 m² · 3 bedrooms

Furnished

2-bedroom apartment 90 m² in Petrovac

Petrovac, Budva, Montenegro

220,000 €

Total area 90 m² · 2 bedrooms · 2 bathrooms

6 days ago

2-bedroom apartment 54 m² in Petrovac

Petrovac, Budva, Montenegro

168,000 €

Total area 54 m² · 2 bedrooms · 1 bathroom

6 days ago

2-bedroom apartment 54 m² in Petrovac

Petrovac, Budva, Montenegro

147,000 €

Total area 54 m² · 2 bedrooms · 1 bathroom

2 months ago

2-bedroom apartment 99 m² in Petrovac

Petrovac, Budva, Montenegro

222,000 €

Total area 99 m² · 2 bedrooms · 2 bathrooms

3-bedroom apartment 152 m² in Petrovac

Petrovac, Budva, Montenegro

380,000 €

Total area 152 m² · 3 bedrooms · 3 bathrooms

2 weeks ago

1-bedroom apartment 50 m² in Petrovac

Petrovac, Budva, Montenegro

219,000 €

Total area 50 m² · 1 bedroom · 1 bathroom

2 weeks ago

2-bedroom apartment 64 m² in Petrovac

Petrovac, Budva, Montenegro

295,000 €

Total area 64 m² · 2 bedrooms · 1 bathroom

2 weeks ago

1-bedroom apartment 51 m² in Petrovac

Petrovac, Budva, Montenegro

235,000 €

Total area 51 m² · 1 bedroom · 1 bathroom

2 weeks ago

1-bedroom apartment 52 m² in Petrovac

Petrovac, Budva, Montenegro

245,000 €

Total area 52 m² · 1 bedroom · 1 bathroom

2 weeks ago

1-bedroom apartment 51 m² in Petrovac

Petrovac, Budva, Montenegro

243,000 €

Total area 51 m² · 1 bedroom · 1 bathroom

2 weeks ago

1-bedroom apartment 57 m² in Petrovac

Petrovac, Budva, Montenegro

273,000 €

Total area 57 m² · 1 bedroom · 1 bathroom

2 weeks ago

2-bedroom apartment 64 m² in Petrovac

Petrovac, Budva, Montenegro

296,000 €

Total area 64 m² · 2 bedrooms · 1 bathroom

2 weeks ago

1-bedroom apartment 52 m² in Petrovac

Petrovac, Budva, Montenegro

240,000 €

Total area 52 m² · 1 bedroom · 1 bathroom

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Tranio’s client cases

All cases

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.
02 June 2015
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.
18 March 2026
Turnkey EU Residence Permit: How a Family Bought an Apartment in Tranio’s Filosofia Project and Received a Greek...
In 2025, a family came to us: a married couple and their adult son. Their goal was to obtain a European residence permit. Initially, they were choosing between Cyprus and Greece. Ultimately, the Greek Golden Visa programme...
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The Master Key: How a Tranio Client Optimised Taxes Through Real Estate Investment in Cyprus
Cyprus is one of the most sought-after destinations for tax optimisation, offering a transparent legal framework, full EU membership, and attractive conditions for foreign investors.
28 February 2025
The Final Lap: Returns Secured by Investors in The Community, Motor City
In October 2022, Tranio proudly unveiled a co-investment opportunity in The Community, a residential development in Motor City. This exclusive proposition invited discerning partners and clients to engage at the project’s...
21 February 2025
Exploring Oman's Office Real Estate Market: A Client's Perspective
Economic diversification has long been a priority for Gulf nations, with each country adopting its own strategy. The UAE leverages soft power and flexibility, Saudi Arabia pursues an aggressive approach with ambitious megaprojects...
13 May 2024
Tranio client's experience: apartment on the French Riviera and obtaining a residence permit for financially...
France is a country known for its quality of life, economic strength, progressive social welfare, developed infrastructure, high environmental standards and care for historical heritage. A residence permit in France allows...

Apartments for sale in Petrovac