Top Budget-Friendly Towns in Montenegro 2025
Montenegro’s scenic coastlines, rich cultural heritage, and low cost of living make it a top retirement destination in 2025. Whether you're looking to buy or rent property, Montenegro offers several budget-friendly towns that provide comfort, affordability, and quality living. This guide highlights the best towns to consider and key financial insights for retirees.
1. Why Choose Montenegro for Affordable Retirement?
Lower Property Prices
Montenegro’s real estate market offers significantly lower property prices than traditional retirement destinations like Spain, Italy, or Portugal.
Affordable Cost of Living
Montenegro’s everyday expenses — from groceries to dining — are far more affordable than in Western Europe.
Accessible Healthcare
Montenegro provides quality healthcare services with both public and affordable private healthcare options.
Tax Benefits
Montenegro imposes no inheritance tax for immediate family members and offers low property and rental taxes.
2. Best Budget-Friendly Towns for Retirees in Montenegro
1. Bar – Affordable Coastal Living
Bar’s peaceful coastal vibe and affordable property prices make it an attractive choice for retirees.
Average Property Prices:
Apartments: Starting from €1,500/m²
Villas: €2,500 – €4,500/m²
2. Herceg Novi – Scenic and Budget-Friendly
Known for its relaxing seaside charm, Herceg Novi offers affordable properties and an inviting community for retirees.
Average Property Prices:
Apartments: €1,800 – €3,000/m²
Villas: €3,000 – €5,000/m²
3. Ulcinj – Low-Cost Coastal Gem
Ulcinj offers affordable beachfront homes, a laid-back lifestyle, and a warm climate.
Average Property Prices:
Apartments: Starting from €1,400/m²
Villas: €2,500 – €4,000/m²
4. Podgorica – Montenegro’s Affordable Capital
Podgorica offers low-cost apartments and is well-connected to healthcare services, supermarkets, and cultural activities.
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, ensuring financial security 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 finding budget-friendly properties ideal for retirees. Our experienced team offers personalized advice, exclusive property listings, and guidance throughout the purchasing or renting process to ensure a smooth transition.
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.
