Retiring in Montenegro 2025: Best Affordable Places

Montenegro’s scenic landscapes, Mediterranean climate, and low living costs make it an ideal destination for retirees seeking affordable property options in 2025. Whether you prefer a coastal home or a peaceful mountain retreat, Montenegro offers excellent real estate opportunities for budget-conscious retirees. This guide outlines the best affordable areas, cost insights, and key tips for retirees in Montenegro.

1. Why Retire in Montenegro on a Budget?

Affordable Cost of Living

• Montenegro offers one of the most budget-friendly lifestyles in Europe, with low housing costs, dining, and utilities.

Accessible Healthcare System

• Montenegro provides access to quality healthcare services, with affordable private healthcare options widely available.

Scenic & Peaceful Lifestyle

• Retirees enjoy Montenegro’s tranquil beaches, mountain trails, and vibrant coastal towns.

2. Best Affordable Places to Retire in Montenegro

1. Bar – Budget-Friendly Coastal Living

• Bar offers some of the most affordable seafront properties with excellent access to shops, healthcare, and local markets.

Average Property Prices:

• Apartments: Starting from €1,500/m²

• Villas: €2,500 – €4,500/m²

2. Herceg Novi – Tranquil Seaside Charm

• Known for its relaxed vibe, affordable housing, and scenic promenade, Herceg Novi is ideal for retirees seeking peace by the coast.

Average Property Prices:

• Apartments: €1,800 – €3,000/m²

• Villas: €3,000 – €5,000/m²

3. Ulcinj – Low-Cost Coastal Gem

• Ulcinj offers budget-friendly homes and apartments, along with sandy beaches and warm weather.

Average Property Prices:

• Apartments: Starting from €1,400/m²

• Villas: €2,500 – €4,000/m²

4. Podgorica – Montenegro’s Affordable Capital

• Montenegro’s capital provides retirees with affordable city living and convenient access to healthcare services.

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 Rentals

• 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.

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 finding affordable properties tailored to retirees seeking comfort and security in Montenegro. Our team offers expert advice, exclusive listings, and legal guidance to ensure a smooth relocation process.

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 partner for 2025.