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Property in Montenegro Team
Petrovac urbanized plot
Budva
€172,800
Buying with residence in mind? The permit threshold is €150,000 of tax-assessed value — the figure in the Tax Administration’s transfer tax decision, not the asking price. Citizens of the EU, EEA and Switzerland are exempt from it. How residence through property works →
- Asking price
- €172,800
- Transfer tax
- €5,640
- Notary & registration
- Scales with value
- Price plus transfer tax
- €178,440
We do not record which of the two applies to an individual listing, and it changes the tax entirely: on a first sale the seller accounts for VAT and the buyer owes no transfer tax at all.
Indicative, calculated on the asking price. The taxable value is set by the Tax Administration and may differ. Annual municipal property tax is charged separately and cannot exceed 1% of value.
- Size
- 432 m²
- Plot
- 432 m²
- Location
- Budva
- Type
- Property
- Transaction
- For sale
- Price per m²
- 400 €
- Listing ID
- 37012
All photos (15)
Details
About this property
Land area: 432m2
Urban plot area: 425m2
Land occupancy index: 0.35
Building index: 1.0
Maximum allowed construction area (GBA): 425m2
Allowed number of floors: Ground Floor + 3
Construction purpose: residential, housing
Distance from the sea: 250m
Development land of 432m2, in the central part of Petrovac, with planning for the construction of a residential building measuring a maximum area of 425m2.
The land is accessed from two sides by local asphalt roads, with complete city infrastructure provided. The plot is located approximately 250m away from the sea.
The market around it
We currently hold 57 priced listings in Budva, running from €124,200 to €5,000,000; by price this one ranks 56 of 57.
Within 5 km of this address we hold 40 other priced for sale listings, asking between €124,200 and €2,100,000, with a median of €522,500. At €172,800 for 432 m² this one ranks 40 of 41 inside that radius.
Location
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