Affordable Retirement in Montenegro 2025
Montenegro’s stunning coastline, affordable living, and attractive property market make it an ideal retirement destination in 2025. With the right strategy, retirees can secure incredible property deals that combine value, comfort, and long-term investment potential. This guide highlights budget-friendly locations, essential tips for property hunting, and the tax benefits that make Montenegro a top retirement choice.
1. Best Locations for Affordable Retirement Properties in Montenegro
1. Bar – Budget-Friendly Coastal Living
Bar offers some of the most affordable coastal properties in Montenegro.
The area is perfect for retirees seeking a relaxed lifestyle with access to local markets and healthcare.
Average Property Prices:
Apartments: Starting from €1,500/m²
Villas: €2,500 – €4,500/m²
2. Herceg Novi – Affordable Coastal Charm
Known for its beautiful promenade, Herceg Novi is a peaceful yet lively destination with lower property prices.
Ideal for retirees seeking affordable seafront apartments.
Average Property Prices:
Apartments: €1,800 – €3,000/m²
Villas: €3,000 – €5,000/m²
3. Ulcinj – A Hidden Gem for Savvy Retirees
Ulcinj is a rising star in Montenegro’s property market, offering excellent deals for budget-conscious retirees.
Known for its sandy beaches, Ulcinj is ideal for those seeking a warm and welcoming community.
Average Property Prices:
Apartments: Starting from €1,400/m²
Villas: €2,500 – €4,000/m²
4. Podgorica – Affordable Urban Living
Montenegro’s capital offers a quieter lifestyle with affordable housing options.
Excellent infrastructure, supermarkets, and medical services make Podgorica a convenient choice for retirees.
Average Property Prices:
Apartments: €1,200 – €2,500/m²
Villas: €2,500 – €4,000/m²
2. Tax Benefits for Retirees in Montenegro
Montenegro’s tax system offers numerous benefits for foreign retirees looking to buy property:
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% rental income tax applies to retirees who wish to rent their property part-time.
No Inheritance Tax:
Montenegro does not impose inheritance tax for immediate family members, making it easier to pass property to loved ones.
3. Residency for Property Owners in Montenegro
Buying property in Montenegro can qualify you for a Temporary Residence Permit, offering several advantages:
Provides long-term residency rights for retirees.
Offers easier access to Schengen countries for travel.
Renewal is simple with proof of property ownership and financial stability.
Tip: Partner with Boka Real Estate for expert assistance with the residency process and securing prime property deals. Contact us at +38266195383 or visit bokarealestate.me.
4. Tips for Finding the Best Property Deals in Montenegro
Focus on emerging areas like Bar, Ulcinj, and Herceg Novi for budget-friendly opportunities.
Look for properties with low maintenance costs to reduce expenses.
Consider off-plan properties for lower purchase prices with future value growth.
Work with an experienced agency like Boka Real Estate for access to exclusive listings and expert guidance.
5. Why Choose Boka Real Estate for Your Retirement Investment?
Boka Real Estate specializes in helping retirees secure affordable property deals in Montenegro. Our team offers expert market insights, exclusive listings, and seamless transaction support to ensure a smooth buying process.
Contact Boka Real Estate Today
For expert advice, property listings, and personalized retirement investment support, contact Boka Real Estate at +38266195383 or visit bokarealestate.me.
Secure your dream retirement property in Montenegro with Boka Real Estate — your trusted property partner in 2025 and beyond.
