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.

31 Apartments for Sale in Petrovac, Buy Flat 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 apartments and new-builds upon request

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

Send a discount enquiry

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

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

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

2 weeks ago

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

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

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

Three bedroom furnished apartment of 100 m² on the first line from the sea, Petrovac for 265,000 €

The first line

Three bedroom furnished apartment of 100 m² on the first line from the sea, Petrovac

265,000 €

Total area 100 m²3 bedrooms1 bathroom

Petrovac-Two bedroom furnished apartment 56 m² + 33 m² terrace for 158,000 €

Petrovac-Two bedroom furnished apartment 56 m² + 33 m² terrace

158,000 €

Total area 56 m²2 bedrooms1 bathroom

Exclusive Sale of New Apartments in Petrovac — Two-Bedroom 74m² + 76m² Rooftop Terrace with Sea View for 220,000 €

Sea view

Exclusive Sale of New Apartments in Petrovac — Two-Bedroom 74m² + 76m² Rooftop Terrace with Sea View

220,000 €

Total area 74 m²2 bedrooms1 bathroom

Three-Bedroom Modern Furnished Apartment, 141m², with Sea View, Petrovac for 385,000 €

Sea view

Three-Bedroom Modern Furnished Apartment, 141m², with Sea View, Petrovac

385,000 €

Total area 141 m²3 bedrooms2 bathrooms

Small apartment building with a sea view, at the stage of completion of rough construction works, Petrovac, Budva Riviera, Montenegro for 850,000 €

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

850,000 €

Total area 684 m²10 bedrooms5 bathrooms

1 week ago

Spacious and Cozy Apartment for Sale for a Large Family in Petrovac for 248,000 €

Spacious and Cozy Apartment for Sale for a Large Family in Petrovac

248,000 €

Total area 167 m²3 bedrooms

1-bedrooms apartment 38 m² in Petrovac, Montenegro for 137,000 €

With swimming pool

1-bedrooms apartment 38 m² in Petrovac, Montenegro

137,000 €

Total area 38 m²1 bedroom

Spacious and Cozy 2-Bedroom Apartment for a Large Family for Sale in Petrovac for 220,000 €

Furnished

Spacious and Cozy 2-Bedroom Apartment for a Large Family for Sale in Petrovac

220,000 €

Total area 90 m²2 bedrooms2 bathrooms

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Apartments for sale in Petrovac