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.

Property for Sale in Petrovac, Buy Real Estate 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

Furnished villa with a swimming pool, Petrovac, Montenegro for 900,000 €

With swimming pool

Furnished villa with a swimming pool, Petrovac, Montenegro

900,000 €

Total area 466 m²Land area: 517 m²6 bedrooms

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.

Three-storey villa with a swimming poll and a view of the sea, Petrovac, Montenegro for 910,000 €

With swimming pool

Three-storey villa with a swimming poll and a view of the sea, Petrovac, Montenegro

910,000 €

Total area 466 m²Land area: 517 m²6 bedrooms

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

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

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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

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

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

Apartment – Petrovac, Budva, Montenegro

156,000 €

Total area 74 m²1 bedroom1 bathroom

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

Townhome – Petrovac, Budva, Montenegro for 800,000 €

Sea view

Townhome – Petrovac, Budva, Montenegro

800,000 €

Land area: 323 m²

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

Two-storey house within walking distance from the sea, Petrovac, Budva, Montenegro for 700,000 €

Two-storey house within walking distance from the sea, Petrovac, Budva, Montenegro

700,000 €

Total area 214 m²Land area: 624 m²3 bedrooms3 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

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

Apartment – Petrovac, Budva, Montenegro

225,000 €

Land area: 86 m²

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

Furnished villa with a swimming pool and a view of the sea at 200 meters from the beach, Rezevici, Montenegro for 990,000 €

With swimming pool

Furnished villa with a swimming pool and a view of the sea at 200 meters from the beach, Rezevici, Montenegro

990,000 €

Total area 290 m²Land area: 505 m²3 bedrooms3 bathrooms

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

Four-level cottage with sea views in Petrovac, Budva, Montenegro

635,000 €

Total area 480 m²Land area: 780 m²12 bedrooms11 bathrooms

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Property for sale in Petrovac