Why Petrovac is an Emerging Hotspot for Property Buyers in Montenegro
28.11.2024
Why Petrovac is an Emerging Hotspot for Property Buyers in Montenegro
Petrovac, a charming coastal town located in Montenegro, is rapidly becoming one of the most sought-after destinations for property buyers in the region. Situated between the bustling cities of Budva and Bar, this peaceful town offers a blend of natural beauty, historical charm, and modern conveniences. With its relaxed atmosphere, stunning beaches, and affordable real estate options, Petrovac is emerging as a top choice for both investors and those looking for a second home or retirement property.
An Overview of Petrovac
Petrovac is a small yet vibrant town on Montenegro’s Adriatic coast, boasting a rich history that dates back to ancient times. It is known for its Mediterranean atmosphere, surrounded by lush pine forests, olive groves, and crystal-clear waters and with a population of just over 2,000 residents, Petrovac offers a more tranquil and laid-back lifestyle compared to its nearby counterparts. It is therefore an ideal place for those looking to escape the hustle and bustle of larger tourist hotspots like Budva or Tivat without losing any of the Montenegrin lifestyle.
One of the major reasons Petrovac is gaining popularity with property buyers is its strategic location. Situated along the Budva Riviera, Petrovac enjoys easy access to Montenegro’s other major cities and attractions.
- Budva: Only 18 km away, Budva is famous for its vibrant nightlife, historic old town, and beautiful beaches. You thefore get the best of both worlds, peaceful living with easy access to entertainment and nightlife.
- Tivat: Home to Porto Montenegro, a luxury marina development, Tivat is just a short drive away. This exclusive area is attracting international buyers and investors, further driving interest in the surrounding towns, including Petrovac.
- Kotor: A UNESCO World Heritage Site, Kotor is about 30 km from Petrovac and is renowned for its medieval architecture and stunning bay views.
Petrovac is home to some of the most beautiful beaches in Montenegro. The main beach, a 600-meter stretch of pebbles, is known for its family-friendly atmosphere and crystal-clear waters. The gentle slope of the beach makes it perfect for children and families. In addition, the town is surrounded by other scenic beaches like Lučice Beach, a secluded cove accessible by a short walk or boat ride.
The natural beauty of the area, with its lush pine forests and rugged mountains, adds to the appeal of Petrovac as a property destination. Whether you are looking for a beachfront property, a hillside villa, or an apartment with panoramic views of the Adriatic, the options are plentiful
While areas like Budva and Tivat have become increasingly expensive over the years, Petrovac remains relatively affordable. Property prices here are still lower compared to the more developed areas of the Budva Riviera, making it an attractive option for first-time buyers, retirees, and investors seeking better value for their money.
Whether you are looking for a modern apartment, a traditional Montenegrin house, or a luxury villa, Petrovac has a variety of real estate options to suit different budgets. New developments are also emerging, with many properties offering high-end amenities like pools, gyms, and spa facilities. To view our available properties for sale in Petrovac, please click here.
Petrovac is not just resting on its natural beauty—there has been a steady increase in development and infrastructure improvements in recent years. The local government has been investing in upgrading roads, utilities, and public services to support the growing population and influx of visitors.
- New Hotels and Resorts: Petrovac is becoming home to several new luxury resorts and boutique hotels, which will further enhance its status as a prime tourist destination. These developments also contribute to the demand for residential properties, especially for short-term rentals.
- Improved Road Networks: With Montenegro’s growing popularity as a tourist destination, the government is working to improve the road networks that connect Petrovac to other major cities. This ensures that Petrovac remains accessible to travelers and residents alike, making it an even more attractive place to buy property.
- Sustainable Development: There is a strong emphasis on sustainable and eco-friendly development in Petrovac, with many new properties being built to high environmental standards. This eco-conscious approach appeals to those who want to invest in a more sustainable future while enjoying the beauty of nature.
For families looking to relocate or invest in property, Petrovac is an excellent choice. The town’s laid-back atmosphere, safe environment, and proximity to good schools make it ideal for families with children. With plenty of green spaces, playgrounds, and outdoor activities like hiking and cycling, there’s no shortage of things to do.
Petrovac’s slower pace of life also makes it a great spot for retirees looking for a peaceful, comfortable environment to spend their later years. The friendly local community and welcoming atmosphere make it easy for newcomers to integrate into daily life.
Food lovers will appreciate the variety of local dining options in Petrovac. The town’s restaurants and cafes offer a mix of traditional Montenegrin cuisine and international flavors, with an emphasis on fresh seafood, grilled meats, and local produce. Popular restaurants such as Restaurant Katić and Konoba Perla are known for their excellent service and authentic dishes, all served with stunning views of the Adriatic.
As Montenegro’s tourism industry continues to grow, Petrovac is increasingly becoming a hotspot for visitors. With its beautiful beaches, charming old town, and proximity to major attractions, Petrovac sees an influx of tourists during the summer months. This creates excellent potential for property buyers who are considering purchasing vacation homes or investment properties for short-term rentals.
The rental market in Petrovac is thriving, especially for properties located near the beach or with stunning sea views. With the rising demand for vacation rentals, there’s ample opportunity for buyers to generate income from their properties.
There has never been a better time to invest in property in Petrovac. The combination of affordable real estate, growing infrastructure, stunning natural beauty, and its proximity to popular tourist destinations makes it an emerging hotspot for property buyers. Whether you are looking for a vacation home, a retirement property, or a real estate investment, Petrovac offers a wealth of opportunities that are hard to ignore.
In conclusion, Petrovac’s blend of natural beauty, affordable real estate, and growing infrastructure makes it a prime destination for property buyers in Montenegro. With its charming atmosphere, beautiful beaches, and strong investment potential, it’s no wonder that Petrovac is quickly becoming one of the most desirable spots for both local and international buyers. If you are looking to invest in Montenegro’s property market, Petrovac is definitely worth considering.
Reviews
In period May-August 2022 we sold our flats in St-Petersburg Russia and have bought two ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.
Liudmila Nosova St-Petersburg Russia , 13.09.2022 09:20:09
At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
With gratitude on behalf of our family.A.V. Ter-Gazaryan, 12.07.2022 10:32:19
Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
I would strongly recommend this company to anyone who is looking for a property in Montenegro.Val , 13.05.2022 02:18:13
We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.Mandy and Antoine, 06.10.2021 08:56:22
Biz Montenegroda CMM komandayla tanish olmushug. Snejana ve Milan bize cox yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!
Dilara, 01.10.2019 06:17:27
Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!
Kate, 22.03.2019 11:06:21