Skip to content

AI Summary

A luxurious 1,100 sq. m hotel in picturesque Petrovac is located just 200 meters from the azure coast of the Adriatic Sea. Guests are offered stylish rooms, a well-maintained grounds area with two swimming pools, and magnificent panoramic terraces, creating the atmosphere of the perfect resort getaway. This is an exclusive offer for those looking for a turnkey business in one of the coziest locations in Montenegro.

No. 642

Hotel in Petrovac No. 642

Petrovac · Budva Riviera, Petrovac, Montenegro
€2,200,000
View: City view

Details

Area
1100 m²
Land area
850 m²
Parking
Yes
To sea
200 m
Price per m²
€2,000

Description

A beautiful hotel is located in the town of Petrovac, approximately 200 meters from the seashore. The hotel has 20 luxurious apartments, a reception, a restaurant, and a cocktail bar. All apartments are equipped with a bathroom, air conditioning, cable TV, a kitchenette with a refrigerator, a telephone, and each room has a balcony.Room inventory: the hotel has 66 beds.

Amenities

Swimming poolCity viewParkingTerrace

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
€2,200,000
Property transfer tax
€124,000
€4,500 (3% × 150,000) + €17,500 (5% × 350,000) + €102,000 (6% × 1,700,000)

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€126,785
Estimated costs to purchase the propertyTotal: €2,326,785

Location

What's nearby

  • SchoolOsnovna škola Mirko Srzentić611 m
  • KindergartenDečiji vrtić Ljubica Jovanović Maša558 m
  • GroceriesVoli325 m
  • PharmacyBenu359 m
  • RestaurantPod Lozom300 m
  • Bus stopPetrovac (centar)475 m
  • ATM363 m
  • AirportTivat Airport28.3 km
  • PortMarina Budva11.9 km
  • Sea200 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 200 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
€2,200,000
yrs
5 yrs30 yrs
%
3%9%

Bank rates

Beta · still being polished
CKB Bank
CKB Bankbest
fixed for 5 years · 7 days
5.9%
€10,944/mo
NLB Banka
NLB Banka
variable Euribor + 4.2% · 10 days
6.3%
€11,301/mo
Erste Bank
Erste Bank
fixed for 3 years · 14 days
6.5%
€11,482/mo
Monthly payment
€10,163
Over 240 months · at 5.0% p.a.
63%principal
Loan amount€1,540,000
Total interest€899,196
Loan amount
€1,540,000
Total interest
€899,196
Total payment
€2,439,196

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.

€2,200,000
€2,000/m²No. 642