Can foreigners get a mortgage loan to buy a house 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?

House 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 house 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 house 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 house 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 house prices in Petrovac?

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

What taxes are charged on house 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 house 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.

3 Houses for Sale in Petrovac, Buy Villa from 330,000 €

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Sea view

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

Petrovac, Budva, Montenegro

330,000 €

Total area 207 m² · Land area: 455 m² · 8 bedrooms · 3 bathrooms

With swimming pool

6-bedroom villa 700 m² in Petrovac

Petrovac, Budva, Montenegro

1,600,000 €

Total area 700 m² · Land area: 500 m² · 6 bedrooms

10-bedroom house 500 m² in Petrovac

Petrovac, Budva, Montenegro

2,500,000 €

Total area 500 m² · Land area: 200 m² · 10 bedrooms · 5 bathrooms

Elvira Gracheva

Head of Sales Tranio Europe

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4-bedroom villa 223 m² in Budva

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Three-storey furnished villa with a pool and sea views in an elite complex, Budva, Montenegro

Budva city, Budva, Montenegro

From 3,200,000 €

Total 5 units available from the developer

Completion in: 2027.I

Villas from 3,200,000 €

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2-bedroom villa 195 m² in Reževići

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Total area 195 m² · 2 bedrooms

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3-bedroom villa 153 m² in Budva city

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Total area 153 m² · 3 bedrooms

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4-bedroom villa 443 m² in Budva city

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Total area 443 m² · Land area: 1,500 m² · 4 bedrooms · 6 bathrooms

5-bedroom villa 250 m² in Budva city

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1,295,000 €

Total area 250 m² · Land area: 656 m² · 5 bedrooms · 5 bathrooms

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3-bedroom villa 114 m² in Budva city

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495,000 €

Total area 114 m² · Land area: 230 m² · 3 bedrooms · 2 bathrooms

4-bedroom villa 261 m² in Reževići for 1,490,000 €

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3 weeks ago

4-bedroom villa 261 m² in Reževići

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Total area 261 m² · Land area: 433 m² · 4 bedrooms · 5 bathrooms

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3-bedroom villa 257 m² in Budva

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4-bedroom villa 295 m² in Blizikuće for 695,000 €

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4-bedroom villa 295 m² in Blizikuće

Blizikuće, Budva, Montenegro

695,000 €

Total area 295 m² · Land area: 623 m² · 4 bedrooms · 6 bathrooms

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4-bedroom villa 580 m² in Krstac

Krstac, Budva, Montenegro

2,900,000 €

Total area 580 m² · Land area: 1,500 m² · 4 bedrooms · 3 bathrooms

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4-bedroom villa 350 m² in Budva

Budva, Montenegro

3,800,000 €

Total area 350 m² · 4 bedrooms · 6 bathrooms

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3-bedroom villa 300 m² in Budva

Budva, Montenegro

1,800,000 €

Total area 300 m² · 3 bedrooms · 3 bathrooms

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14-bedroom house 487 m² in Budva city

Budva city, Budva, Montenegro

1,300,000 €

Total area 487 m² · Land area: 94 m² · 14 bedrooms · 14 bathrooms

With balcony/terrace

6-bedroom house 440 m² in Budva city

Budva city, Budva, Montenegro

1,900,000 €

Total area 440 m² · 6 bedrooms · 6 bathrooms

With swimming pool

4-bedroom villa 220 m² in Reževići

Reževići, Budva, Montenegro

725,000 €

Total area 220 m² · Land area: 262 m² · 4 bedrooms · 5 bathrooms

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6-bedroom house 290 m² in Budva city

Budva city, Budva, Montenegro

680,000 €

Total area 290 m² · Land area: 108 m² · 6 bedrooms · 3 bathrooms

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5-bedroom house 337 m² in Budva city

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3-bedroom cottage 174 m² in Reževići

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670,000 €

Total area 174 m² · Land area: 1,200 m² · 3 bedrooms

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New villa with a pool and sea views in Budva, Montenegro

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4-bedroom villa 1,455 m² in Reževići for 6,800,000 €

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4-bedroom villa 1,455 m² in Reževići

Reževići, Budva, Montenegro

6,800,000 €

Total area 1,455 m² · 4 bedrooms

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Two-level house with a guest house, a garden and a parking in the area of Slovenska beach, Budva, Montenegro

Budva city, Budva, Montenegro

840,000 €

Total area 298 m² · Land area: 640 m² · 7 bedrooms · 4 bathrooms

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Stone 3-level house 400 meters from the sea, Becici, Montenegro

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450,000 €

Total area 90 m² · Land area: 136 m² · 5 bedrooms · 3 bathrooms

1-25 of 136 listings, page 1 of 6

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Villas & houses for sale in Petrovac