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.

23 Apartments for Sale in Petrovac, Buy Flat from 115,000€

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One-bedroom apartment with panoramic views of the sea and mountains, Petrovac, Budva, Montenegro for 130,000 €

Furnished

One-bedroom apartment with panoramic views of the sea and mountains, Petrovac, Budva, Montenegro

130,000 €

Total area 55 m²1 bedroom1 bathroom

2-bedroom apartment on the second line of the sea in Petrovac for 250,000 €

With swimming pool

2-bedroom apartment on the second line of the sea in Petrovac

250,000 €

Total area 69 m²2 bedrooms2 bathrooms

1 month ago

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.

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

Furnished 2-bedroom apartment in Petrovac

220,000 €

Total area 90 m²2 bedrooms1 bathroom

2 months ago

Furnished two-bedroom apartment in Petrovac, Budva, Montenegro for 175,000 €

Furnished

Furnished two-bedroom apartment in Petrovac, Budva, Montenegro

175,000 €

Total area 77 m²2 bedrooms1 bathroom

Two-bedroom apartment with sea views in Petrovac, Budva, Montenegro for 195,000 €

Sea view

Two-bedroom apartment with sea views in Petrovac, Budva, Montenegro

195,000 €

Total area 137 m²2 bedrooms2 bathrooms

Apartment – Petrovac, Budva, Montenegro for 179,000 €

Apartment – Petrovac, Budva, Montenegro

179,000 €

Total area 107 m²2 bedrooms2 bathrooms

Discounted apartments and new-builds upon request

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We find off-market properties
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Penthouse with roof terrace with panoramic sea and garden views for 299,000 €

Penthouse with roof terrace with panoramic sea and garden views

299,000 €

2 bedrooms2 bathrooms

Two-bedroom apartment with a large terrace in Petrovac, Budva, Montenegro for 225,000 €

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

225,000 €

Total area 109 m²2 bedrooms1 bathroom

Two-bedroom apartment in a quiet location near the sea, Petrovac, Budva, Montenegro for 175,000 €

Furnished

Two-bedroom apartment in a quiet location near the sea, Petrovac, Budva, Montenegro

175,000 €

Total area 46 m²2 bedrooms1 bathroom

Apartment – Petrovac, Budva, Montenegro for 234,000 €

Sea view

Apartment – Petrovac, Budva, Montenegro

234,000 €

Total area 146 m²3 bedrooms3 bathrooms

One-bedroom apartment with sea views in the center of Petrovac, Budva, Montenegro for 115,000 €

Furnished

One-bedroom apartment with sea views in the center of Petrovac, Budva, Montenegro

115,000 €

Total area 54 m²1 bedroom1 bathroom

Apartment – Petrovac, Budva, Montenegro for 156,000 €

Apartment – Petrovac, Budva, Montenegro

156,000 €

Total area 74 m²1 bedroom1 bathroom

Two-bedroom apartment at 550 meters from the sea, in the center of Petrovac, Montenegro for 115,000 €

Furnished

Two-bedroom apartment at 550 meters from the sea, in the center of Petrovac, Montenegro

115,000 €

Total area 60 m²2 bedrooms1 bathroom

Penthouse with two terraces at 250 meters from the sea, Petrovac, Montenegro for 490,000 €

Penthouse with two terraces at 250 meters from the sea, Petrovac, Montenegro

490,000 €

Total area 187 m²2 bedrooms2 bathrooms

Furnished apartment at 250 meters from the sea, Petrovac, Montenegro for 290,000 €

Furnished

Furnished apartment at 250 meters from the sea, Petrovac, Montenegro

290,000 €

Total area 116 m²2 bedrooms2 bathrooms

Furnished apartment with a private yard at 320 meters from the sea, Petrovac, Montenegro for 147,000 €

Furnished

Furnished apartment with a private yard at 320 meters from the sea, Petrovac, Montenegro

147,000 €

Total area 60 m²2 bedrooms2 bathrooms

Apartment – Petrovac, Budva, Montenegro for 225,000 €

Apartment – Petrovac, Budva, Montenegro

225,000 €

Land area: 86 m²

One-bedroom apartment with a parking space, Petrovac, Montenegro for 126,000 €

Sea view

One-bedroom apartment with a parking space, Petrovac, Montenegro

126,000 €

Total area 57 m²1 bedroom

Furnished penthouse with a panoramic view of the sea in a quiet rea, Petrovac, Montenegro for 350,000 €

Furnished penthouse with a panoramic view of the sea in a quiet rea, Petrovac, Montenegro

350,000 €

Total area 88 m²2 bedrooms2 bathrooms

Apartment – Petrovac, Budva, Montenegro for 115,000 €

Apartment – Petrovac, Budva, Montenegro

115,000 €

Total area 48 m²1 bedroom

2 months ago

New apartment in a modern complex on the first line from the sea, Petrovac, Montenegro for 144,000 €

New apartment in a modern complex on the first line from the sea, Petrovac, Montenegro

144,000 €

Total area 41 m²1 bedroom

Elite penthouse with a terrace and sea views, Petrovac, Montenegro for 434,000 €

Elite penthouse with a terrace and sea views, Petrovac, Montenegro

434,000 €

Total area 108 m²2 bedrooms

Apartment – Petrovac, Budva, Montenegro for 137,000 €

With swimming pool

Apartment – Petrovac, Budva, Montenegro

137,000 €

Total area 38 m²1 bedroom

1 month ago

Similar facilities nearby

Three-bedroom penthouse on the first line from the beach in Rafailovici, Budva, Montenegro

450,000 €

Total area 230 m²3 bedrooms3 bathrooms

Modern apartments with sea and mountain views in a residential complex with a pool and a spa, Becici, Montenegro

From 138,000 €

Built in 2021Total of 167 apartments

Furnished apartment with terraces and sea views, Becici, Montenegro

160,000 €

Sea view

Total area 99 m²2 bedrooms2 bathrooms

Prestigious beachfront residence with a swimming pool, a spa and a 5-star hotel, Budva, Montenegro

From 300,000 €

Total of 212 apartments

Apartment – Budva (city), Budva, Montenegro

3,000,000 €

Furnished

Total area 420 m²3 bedrooms3 bathrooms

Apartment – Becici, Budva, Montenegro

1,450,000 €

Total area 181 m²2 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

1,200,000 €

Furnished

Total area 172 m²3 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

420,000 €

Furnished

Total area 89 m²2 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

120,000 €

Furnished

Total area 49 m²2 bedrooms1 bathroom

New home – Rafailovici, Budva, Montenegro

467,000 €

Total area 62 m²1 bedroom1 bathroom

Apartment – Rafailovici, Budva, Montenegro

733,000 €

Furnished

Total area 101 m²2 bedrooms2 bathrooms

Apartment – Becici, Budva, Montenegro

250,000 €

Furnished

Total area 106 m²3 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

960,000 €

The first line

Total area 95 m²1 bedroom1 bathroom

Apartment – Przno, Budva, Montenegro

185,000 €

Furnished

Total area 75 m²2 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

315,000 €

Furnished

Total area 96 m²2 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

840,000 €

Furnished

Total area 179 m²3 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

885,000 €

Furnished

Total area 146 m²2 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

269,000 €

Furnished

Total area 79 m²2 bedrooms1 bathroom

Apartment – Becici, Budva, Montenegro

1,500,000 €

Sea view

Total area 285 m²3 bedrooms4 bathrooms

New home – Becici, Budva, Montenegro

335,000 €

Total area 69 m²1 bedroom1 bathroom

Apartment – Przno, Budva, Montenegro

500,000 €

Furnished

Total area 123 m²3 bedrooms2 bathrooms

New home – Budva (city), Budva, Montenegro

151,000 €

Total area 46 m²1 bedroom1 bathroom

Apartment – Budva (city), Budva, Montenegro

270,000 €

Sea view

Total area 82 m²2 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

290,000 €

Furnished

Total area 88 m²3 bedrooms2 bathrooms

Apartment – Budva (city), Budva, Montenegro

275,000 €

Furnished

Total area 110 m²3 bedrooms2 bathrooms

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Apartments for sale in Petrovac