Low-Cost Retirement Homes in Montenegro 2025

Montenegro’s scenic coastlines, mountain villages, and low cost of living make it a top choice for retirees seeking affordable seaside or mountain homes in 2025. Whether you're looking to buy or rent property, this guide highlights the best value towns for both coastal charm and tranquil retreats.

1. Why Choose Montenegro for Affordable Retirement?

Low Real Estate Prices

• Compared to other European destinations, Montenegro offers significantly lower property costs.

Affordable Lifestyle

• From groceries to healthcare, Montenegro provides a cost-effective lifestyle that suits retirees on a budget.

Diverse Living Options

• Choose from serene mountain homes or sunny coastal apartments with sea views.

Favorable Tax Environment

• Montenegro features no inheritance tax and low rental income and property transfer taxes.

2. Best Budget-Friendly Seaside & Mountain Towns in Montenegro

1. Bar – Coastal Living at a Great Price

• A relaxed coastal town with growing infrastructure and low real estate prices.

Average Property Prices:

• Apartments: Starting from €1,500/m²

• Villas: €2,500 – €4,500/m²

2. Herceg Novi – Affordable with a View

• Charming Adriatic town with hillside homes, sea views, and walkable promenades.

Average Property Prices:

• Apartments: €1,800 – €3,000/m²

• Villas: €3,000 – €5,000/m²

3. Ulcinj – Budget-Friendly Coastal Retreat

• Home to long sandy beaches and some of the most affordable properties in the region.

Average Property Prices:

• Apartments: Starting from €1,400/m²

• Villas: €2,500 – €4,000/m²

4. Podgorica – Urban Base for Mountain Explorers

• An affordable capital city well-connected to mountain getaways and national parks.

Average Property Prices:

• Apartments: Starting from €1,200/m²

• Villas: €2,500 – €4,000/m²

5. Kolasin – Mountain Living with Natural Beauty

• Located in Montenegro’s north, Kolasin offers forested retreats and ski resort proximity at very affordable prices.

Average Property Prices:

• Houses and chalets: €1,000 – €2,500/m²

3. Rental Options in Coastal and Mountain Areas

Bar & Ulcinj – Affordable Rentals by the Sea

• Studio Apartment: €300 – €500/month

• 2-Bedroom Apartment: €500 – €800/month

Herceg Novi – Scenic Rentals on a Budget

• Studio Apartment: €400 – €600/month

• 2-Bedroom Apartment: €600 – €900/month

Kolasin – Quiet and Affordable in the Mountains

• 1- to 2-Bedroom Home: €300 – €600/month

4. Taxes & Fees for Retirees in Montenegro

Property Taxes:

• Property Transfer Tax: 3% on resale properties.

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

Rental Income Tax:

• Flat 9% for property owners renting out homes part-time.

No Inheritance Tax:

• Retirees benefit from no inheritance tax on property passed to immediate family.

5. Residency for Retirees in Montenegro

Montenegro grants Temporary Residence Permits to retirees who buy or rent long-term.

Requirements:

• Proof of property ownership or registered rental contract.

• Proof of income and valid health insurance.

Need help? Contact Boka Real Estate at +38266195383 or visit bokarealestate.me for assistance with finding a home and securing residency.

6. Why Choose Boka Real Estate for Your Retirement Property?

Boka Real Estate specializes in affordable homes for retirees — whether on the coast or in the mountains. We provide tailored property listings, local insights, and step-by-step support.

Contact Boka Real Estate Today

For expert guidance on retirement real estate in Montenegro, contact Boka Real Estate at +38266195383 or visit bokarealestate.me.

Find your perfect mountain or seaside retreat in Montenegro with Boka Real Estate — your trusted partner for 2025.