Montenegro: Ideal Retirement Spot 2025

Montenegro’s stunning coastline, affordable living costs, and welcoming community make it an ideal retirement destination in 2025. With its combination of peaceful surroundings, healthcare accessibility, and affordable real estate, Montenegro continues to draw retirees from across the globe. This guide outlines the best locations for buying or renting property and offers insights into the cost of living for retirees.

1. Best Places to Buy Property for Retirement in Montenegro

1. Budva Riviera – Coastal Comfort and Vibrant Lifestyle

• Budva offers retirees a blend of cultural charm and modern conveniences.

• Ideal for retirees seeking easy access to beaches, restaurants, and healthcare facilities.

Average Property Prices:

• Apartments: €3,500 – €6,000/m²

• Villas: €5,000 – €8,000/m²

2. Kotor Bay – Peaceful Living with Stunning Views

• Kotor’s UNESCO-listed old town and peaceful surroundings make it ideal for retirees seeking a quiet yet culturally rich lifestyle.

• Known for waterfront apartments and traditional stone houses.

Average Property Prices:

• Apartments: €2,800 – €5,000/m²

• Villas: €4,500 – €7,000/m²

3. Herceg Novi – Coastal Serenity

• Herceg Novi’s mild climate and charming coastal promenades attract retirees seeking peaceful living.

• Affordable property prices make it a great value-for-money option.

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 low-cost yet comfortable coastal properties.

• Offers a laid-back lifestyle, local markets, and easy access to medical services.

Average Property Prices:

• Apartments: Starting from €1,500/m²

• Villas: €2,500 – €4,500/m²

2. Renting Property for Retirement in Montenegro

Best Areas for Renting in 2025:

• Tivat and Kotor Bay offer excellent rental options for retirees seeking a peaceful yet vibrant community.

• Herceg Novi offers affordable rentals in coastal neighborhoods.

Average Rental Costs:

• Apartments start at €500/month in Herceg Novi and Bar.

• Premium seafront apartments in Budva and Tivat may range from €800 – €1,500/month.

3. Cost of Living in Montenegro for Retirees

Montenegro offers a significantly lower cost of living compared to Western Europe. Average monthly expenses for retirees include:

• Utilities (electricity, water, heating): €100 – €200

• Groceries and dining: €200 – €400

• Healthcare: Affordable private healthcare services with insurance options available.

Tip: Montenegro’s fresh local produce and low-cost services contribute to a comfortable retirement lifestyle.

4. Montenegro’s Tax & Legal Considerations for Retirees

Property Taxes:

• Property Transfer Tax: 3% on resale properties.

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

Retirement Residency Benefits:

• Retirees can obtain a Temporary Residence Permit by purchasing property.

• Residency provides long-term stay options and easier travel within the Schengen area.

5. Why Choose Boka Real Estate?

Boka Real Estate specializes in helping retirees find their dream property in Montenegro. From beachfront apartments to cozy mountain homes, we provide expert guidance, tailored listings, and seamless transactions to ensure a stress-free move to Montenegro.

Contact Boka Real Estate Today

For expert advice, property listings, and personalized support for retirees in Montenegro, contact Boka Real Estate at +38266195383 or visit bokarealestate.me.

Retire in comfort with Boka Real Estate — your trusted property partner in Montenegro's 2025 real estate market.