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AI Summary

A cozy 44 sq. m apartment in picturesque Petrovac is located just 400 meters from the azure coastline. The apartment features a bright living room with a kitchen, a separate bedroom, and a modern bathroom, making it an ideal choice for both holidays and investment. This is a great opportunity to own property in one of the coziest towns in Montenegro for 160,000 euros.

ApartmentsNo. 1561

Apartment in Petrovac No. 1561

Petrovac · Budva Riviera, Petrovac, Montenegro
€160,000
View: City view

Details

Area
44 m²
Bedrooms
1
Bathrooms
1
Floor
3/4
Parking
Yes
To sea
400 m
Price per m²
€3,636

Description

A unique offer in one of the best resort locations in Montenegro, Petrovac!
Two-room, fully furnished! The apartment is located on the third floor of the building.
The apartment is bright and spacious: a large living room, kitchen, bedroom, and a huge terrace.
The apartment stands out for its high-quality renovation, mountain views, and walking distance to the beach. It is sold with all the necessary furniture and appliances for comfortable living.

Amenities

City viewParking

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
€160,000
Property transfer tax
€5,000
€4,500 (3% × 150,000) + €500 (5% × 10,000)

Notarial deed details

Buyers
1
Sellers
1

By default the notary fee assumes a two-party deal (1 seller and 1 buyer) without a court interpreter, with the notary filing the cadastre application. Each party beyond two adds 5% of the tariff, each interpreter adds €15, and 21% VAT is charged on the full amount. Not included: work outside office hours, at weekends or on public holidays (+25%, at least €50), the notary travelling to you (+€35 per started hour plus travel costs), powers of attorney (€60 + VAT each). The notary may use the property's market value if the contract price is lower.

Possible additional costs (not in the total)

Government fees

  • Cadastre registration of title (state fee)from €30
  • Title sheets (listovi) for the dealfrom €7
Total required costs€5,646
Estimated costs to purchase the propertyTotal: €165,646

Location

What's nearby

  • SchoolOsnovna škola Mirko Srzentić702 m
  • KindergartenDečiji vrtić Ljubica Jovanović Maša652 m
  • GroceriesVoli425 m
  • PharmacyBenu410 m
  • RestaurantPod Lozom401 m
  • Bus stopPetrovac (centar)529 m
  • ATM435 m
  • AirportTivat Airport28.3 km
  • PortMarina Budva11.8 km
  • Sea400 m

Frequently asked questions

Yes. Foreign nationals can buy apartments and houses in Montenegro on the same terms as citizens, with full ownership rights. Restrictions apply only to certain agricultural and undeveloped land, which foreigners usually acquire through a Montenegrin company. We handle the entire legal process.
Buying costs depend on the property. Montenegro’s real-estate transfer tax is progressive — the rate depends on the value — and newly built homes are subject to VAT on the first sale. Add notary, registration and optional lawyer fees. The easiest way to get an exact figure for this property is our purchase-cost calculator.
This property is about 400 m from the sea.
Montenegro’s coast has strong seasonal short-term demand and growing long-term demand from people relocating. Actual returns depend on location, furnishing and management — ask us for a projection for this specific property.
Under the new law, a property purchase supports a temporary residence permit only if the property is residential and worth at least €150,000. The rules change periodically, so confirm the current requirements with us.

Calculate mortgage

Beta · still being polished
Property price
€160,000
yrs
5 yrs30 yrs
%
3%9%

Bank rates

Beta · still being polished
CKB Bank
CKB Bankbest
fixed for 5 years · 7 days
5.9%
€796/mo
NLB Banka
NLB Banka
variable Euribor + 4.2% · 10 days
6.3%
€822/mo
Erste Bank
Erste Bank
fixed for 3 years · 14 days
6.5%
€835/mo
Monthly payment
€739
Over 240 months · at 5.0% p.a.
63%principal
Loan amount€112,000
Total interest€65,396
Loan amount
€112,000
Total interest
€65,396
Total payment
€177,396

Want to know how much you can actually get approved for?

< 1 minNo obligation3 banks at once

Rates shown as "from". Final offer depends on your credit profile and the bank's conditions.

€160,000
€3,636/m²No. 1561