Buying Property in Montenegro for Retirement 2025

Montenegro has become a prime destination for retirees seeking stunning coastal views, affordable living, and attractive tax benefits. If you’re planning to retire in Montenegro in 2025, understanding the country’s property market, tax advantages, and residency process is key. This guide highlights the best retirement locations, key benefits, and expert tips for investing in Montenegro real estate.

1. Best Locations to Buy Property for Retirement in Montenegro

1. Budva Riviera – Coastal Comfort with a Vibrant Community

• Offers retirees access to beaches, restaurants, and healthcare services.

• Ideal for retirees looking for a blend of social activities and relaxation.

Average Property Prices:

• Apartments: €3,500 – €6,000/m²

• Villas: €5,000 – €8,000/m²

2. Kotor Bay – Quiet Living with Stunning Views

• Kotor’s UNESCO-listed old town and calm waters offer retirees a peaceful lifestyle.

• Perfect for retirees seeking heritage-style homes or waterfront properties.

Average Property Prices:

• Apartments: €2,800 – €5,000/m²

• Villas: €4,500 – €7,000/m²

3. Herceg Novi – Relaxed Coastal Lifestyle

• Herceg Novi’s charming promenade, mild climate, and affordable housing make it a popular retirement destination.

• Offers excellent value-for-money investment opportunities.

Average Property Prices:

• Apartments: €1,800 – €3,000/m²

• Villas: €3,000 – €5,000/m²

4. Bar – Affordable Coastal Living

• Bar is ideal for retirees seeking budget-friendly coastal properties.

• The area offers a peaceful lifestyle with easy access to local markets and medical services.

Average Property Prices:

• Apartments: Starting from €1,500/m²

• Villas: €2,500 – €4,500/m²

2. Tax Benefits for Retirees in Montenegro

Montenegro’s tax system offers attractive benefits for foreign retirees purchasing property:

Property Taxes:

• Property Transfer Tax: 3% on resale properties.

• VAT: 21% on newly built properties purchased directly from developers.

Rental Income Tax:

• For retirees planning to rent their property, Montenegro offers a flat 9% rental income tax rate.

No Inheritance Tax:

• Montenegro does not impose inheritance tax for immediate family members, making it easier to pass property to loved ones.

3. Residency for Property Owners in Montenegro

Buying property in Montenegro can qualify you for a Temporary Residence Permit, offering several advantages:

• Allows you to reside in Montenegro year-round.

• Provides easier access to Schengen countries for travel.

• Renewal is straightforward with proof of property ownership and financial stability.

Tip: Partner with Boka Real Estate for expert assistance with the residency process and securing prime property deals. Contact us at +38266195383 or visit bokarealestate.me.

4. Key Tips for Retirees Buying Property in Montenegro

• Prioritize properties with nearby healthcare services, pharmacies, and supermarkets.

• Focus on low-maintenance apartments or villas with accessible parking and security features.

• Engage with experienced agents like Boka Real Estate to navigate local regulations, taxes, and paperwork.

5. Why Choose Boka Real Estate for Your Retirement Investment?

Boka Real Estate specializes in helping retirees find their dream home in Montenegro. Our expert team offers tailored guidance, exclusive listings, and legal support to ensure your retirement transition is seamless and secure.

Contact Boka Real Estate Today

For expert advice, property listings, and personalized retirement investment support, contact Boka Real Estate at +38266195383 or visit bokarealestate.me.

Enjoy your retirement in Montenegro with Boka Real Estate — your trusted property partner for 2025 and beyond.