Montenegro: Budget-Friendly Retirement Spot 2025

Montenegro is emerging as one of the most budget-friendly retirement destinations in 2025. Compared to other popular retirement spots in Europe, Montenegro offers affordable property prices, low living costs, and a tranquil lifestyle — all without compromising on quality. This guide explores why Montenegro stands out among retirement destinations and where to find the best deals.

1. Why Choose Montenegro Over Other Retirement Destinations?

Lower Property Prices

• Montenegro’s real estate market offers lower property prices than many European coastal destinations like Spain, Italy, or Portugal.

Affordable Cost of Living

• Dining, utilities, and transportation are significantly cheaper, making it ideal for budget-conscious retirees.

Accessible Healthcare

• Montenegro provides reliable healthcare services, with both public and affordable private options available.

Tax Benefits

• Montenegro imposes no inheritance tax for immediate family members and offers low property and rental taxes.

2. Best Affordable Places to Retire in Montenegro

1. Bar – Affordable Coastal Living

• Bar is one of Montenegro’s most cost-effective coastal towns, offering affordable beachfront apartments and excellent infrastructure.

Average Property Prices:

• Apartments: Starting from €1,500/m²

• Villas: €2,500 – €4,500/m²

2. Herceg Novi – Coastal Comfort on a Budget

• Herceg Novi offers affordable seafront properties, a charming promenade, and scenic views.

Average Property Prices:

• Apartments: €1,800 – €3,000/m²

• Villas: €3,000 – €5,000/m²

3. Ulcinj – Budget-Friendly Beachfront Destination

• Ulcinj’s warm climate, sandy beaches, and low-cost property options make it an appealing retirement spot.

Average Property Prices:

• Apartments: Starting from €1,400/m²

• Villas: €2,500 – €4,000/m²

4. Podgorica – Affordable City Lifestyle

• As the capital, Podgorica offers low-cost apartments with convenient access to healthcare, shopping, and dining.

Average Property Prices:

• Apartments: Starting from €1,200/m²

• Villas: €2,500 – €4,000/m²

3. Rental Options for Budget-Conscious Retirees

Bar & Ulcinj – Affordable Rental Deals

• Studio Apartment: €300 – €500/month

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

Herceg Novi – Budget Seafront Rentals

• Studio Apartment: €400 – €600/month

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

4. Tax Benefits for Retirees in Montenegro

Property Taxes:

• Property Transfer Tax: 3% on resale properties.

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

Rental Income Tax:

• A flat 9% tax applies to retirees who wish to rent out their property part-time.

No Inheritance Tax:

• Montenegro imposes no inheritance tax for immediate family members, ensuring peace of mind for property owners.

5. Residency for Retirees in Montenegro

Montenegro offers a Temporary Residence Permit for retirees who purchase property or sign a long-term rental agreement.

Requirements:

• Proof of property ownership or a valid rental contract.

• Proof of sufficient income to support your retirement.

• Health insurance coverage during your stay in Montenegro.

Tip: For expert support with residency applications and property searches, contact Boka Real Estate at +38266195383 or visit bokarealestate.me.

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

Boka Real Estate specializes in connecting retirees with affordable properties suited for comfortable, budget-friendly living in Montenegro. Our expert team offers tailored advice, exclusive listings, and support for legal processes to ensure your property purchase is smooth and secure.

Contact Boka Real Estate Today

For expert guidance on affordable property investments and retirement living in Montenegro, contact Boka Real Estate at +38266195383 or visit bokarealestate.me.

Retire comfortably in Montenegro with Boka Real Estate — your trusted property partner for 2025.