The Pros and Cons of living in Montenegro
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- Опубликовано: 8 июл 2024
- 🇲🇪 Full market analysis of real estate in Montenegro: thewanderinginvestor.com/inte...
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I discuss the pros and cons of living in Montenegro together with my favourite Montenegro realtor Peter Square Meter who has been living in Montenegro for almost 20 years.
00:00 Introduction
00:50 Amazing lifestyle and beautiful nature
03:20 Cost of living in Montenegro
06:20 Taxes in Montenegro
07:20 Freedom in Montenegro and Montenegro during covid
08:20 Surging population in Montenegro
09:50 Food in Montenegro
11:20 The people in Montenegro
14:30 Who is moving to Montenegro?
16:30 Russians and Ukrainians in Montenegro
22:50 Airport connections in Montenegro
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
🇲🇪 Full market analysis of real estate in Montenegro: thewanderinginvestor.com/international-real-estate/the-real-estate-investment-market-in-montenegro/
🇲🇪 Get in touch with Peter: petersquaremeter@thewanderinginvestor.com and add your Whatsapp number if you use it.
+ it’s Europe
+ less expensive than Croatia
+ chill & good looking locals
+ not as over run by tourists as Croatia
+ non-intrusive authorities
+ not so many western tourists
- lack of food variety
- lack of goods (furniture, for example)
- lack of space (along the coast)
- small so there is a lack of advanced healthcare
+/- isolated - a long drive from Central Europe or even Belgrade but this also keeps the crowds away
This is my feeling. Montenegro is like what Croatia used to be 15 years ago when I went there. Not EU, cheaper, more freedom.
@@Michael-4 due to being non EU/Shengen it has a more liberal visa regime vis a vis Russia, Kazakhstan, and a bunch of other countries which means there will be more exotic tourists than in CRO where you will get more of the usual Brits, Americans and Germans.
Hi, I live in Igalo, Montenegro. I came to Savina, Herceg Novi in 2018, decided to move here. I LOVE MONTENEGRO....
"He's English so he doesn't have a clue" Coming from the British Isles....I got a great laugh out of that 😂
Interesting accent , Like a serbian english 😮🙈
Hes lived in Montenegro for more than 20 years lol
Refreshing conversation
Great video!
What amazing scenery. Gosh I wish I were there, as long as there is no threat of war and upheaval as we see in Germany and France because of the oppression against them by the World Economic Forum lunatics. It's amazing that the Russians and Ukrainians etc. are all comfortable in Montenegro given the heating situation that could lead to war in all of Europe. And probably even more amazing that they get along together!
actually there a is large group of german emigrants
That reminds me of a Utube where the speaker historians and scientist speaks to the interviewer of Huntsville Tennessee. He said it has the multitude of nations with new blood flowing in and young talents. No crime no problems no migrants. Hard to get to. But food 👍 so this a bit like that.
very informative thank you
Just found your channel and subscribed. You are doing what I always wanted to do and now that my youngest is about to graduated it is time to start exploring this. Keep it up as these interviews is full of great information. BTW your having too much fun doing this!
Haha I am. Thank you!
Good man, Plan B sounds good, I like your estate agent friends darts sir, cheers for sharing
I really enjoyed this video such a nice refreshing change from the usual CBI channels the guy you are chatting to just sounds really sincere / also that Beer looks so good haha
That morning beer was so good ☺️🍺
Fellow German here 😊 got a lot of Russians in my bar so i can confirm your points about the rise in population here. If you ever make it down to bar, feel free to pop by! (Montenegro Tower)
Yet one more excellent video from Ladislas Maurice!! Ladislas, could you do a video about the Airbnb industry and the recent efforts of governments to control Airbnbs?
Kotor is idyllic. Went there for a family holiday a couple years ago. Good food, beer, clean water and good (too hot when I was there) weather. Struggled to connect with any locals though. Driving is a bit hectic on the tight roads around Kotor. Would like to go back.
24:30 The best play to spend July & August? Really? I could not disagree more. I spent the month of July 2023 in Tivat and I thought I'm going to die from heat exhaustion - 40 degree temperature and high humidity. And I know humidity having lived in Singapore decades earlier. I could not get out of the house until after 6PM. The traffic Jam around Kotor old own was also horrendous. Personally, I think that winter would be a much better time to relax in that area with no tourist or traffic jam. Restaurants around Kotor & Tivat have become very expensive now, not much cheaper than western Europe. And as they mentioned, not many choices unless you're a fan of cevapi. I find that Bosnia-Herzegovina has the best food in the Balkans.
You dont need a car if you stay in Kotor you can walk everywhere which is a positive to the area. When I was there it was also hot. Im not sure if it was unusually hot during that summer or it's normal. Thats what that crystal clear cool water is for. Throw yourself into the water from almost anywhere along the road like the locals do. Have to get up early to beat the heat if you want to do hiking during the summer
I go for April, May and June and then back gain in September and October.
Sounds like Georgia by the Mediterranean
Great place, amazing country, banking and healthcare lamentable.
Fair description 👍
@@TheWanderingInvestor I would live there in a heartbeat if it wasn’t for the healthcare. Not sure if people know, and I heard it from Montenegrins, if someone has a serious illness they need to take a plane to Belgrade to get an adequate doctor.
@@nadpul Yes. Or Dubrovnik. Istanbul is now an option as well with direct flights
thats good(lamentable healthcare) and ill tell you why. it means a lot less old people (probably) since they need constant healthcare. i dont want it to become like a european florida full of cranky fossils shuffling around everywhere.
There’s a Turkish company building a private hospital (in Kumbor, I think).
Kind of funny how one guy is visiting and one guy has been there two decades yet the visitor seems to know ten times more about Montenegro. Lol
Hey guys, great video! Where was this restaurant?
In Dobrota
When was this recorded. Either you are from the far north or this was from a few months ago. The weather right now is as I would expect. Chilly. "kotor weather"
Of course, the winter is chilly and wet in Kotor area, it's evidenced by the lush landscape. We are living here now in June and it is incredibly hot and humid. The heat and humidity in the peak of summer is not tolerable without air conditioning and staying inside during the hottest times of the year.
Watching this I wanna move too 🥺😭
wow i love how you cover so many countries. i've heard residency in Peru Cusco is super cheap and easy. do you know much about Cusco? its absolutely amazing and super expat friendly. a must look. im also interested in Argentina as an option
Thank you. I haven’t been to Peru yet 🇵🇪
Aren't people leaving Argentina in droves.....dreadful things happening
When they join the EU those nice tax rates will disappear for sure.
They will never join EU unless they kick russians out of their country.
No. Not at all. Estonia and many other states in the EU have similar low rates. In Portugal the tax rate on private pensions is 0% and in Malta it’s like 2%.
I'm keto so grilled meats, fish and Mediterranean vegetables would be ideal.
Thanks for amazing videos I always follow your videos I'm planning to buy property in montenegro and move there end of April from California is it still good opportunities to buy property there and what your advice about the places have more opportunities there thanks
Great. Here are my thoughts on the market: thewanderinginvestor.com/international-real-estate/the-real-estate-investment-market-in-montenegro/
Thank you for the interesting review. You did not mention the health care system. What are the options for expatriates? Should one maintain an insurace in the country of origin, in case of a serious health issue?
Thank you both!
It’s fine for basic things. For anything very serious people go to Belgrade or Istanbul
How does one purchase a property overseas? Is it possible to get a mortgage as a foreigner? Do you need a credit history in the local country or do they go off your credit score from your home country?
Only cash in Montenegro
That beer in rural areas in north you can find for 1,50 😂
We can buy German beer 500mls near Kotor in the supermarket for .55 euro's.
That beer is 0.78 euros in South Africa. A very nice house is 130k euros. Most people have full time maids and gardens. Climate is excellent. No earthquakes, hurricanes, etc.
Where in South Africa and is it safe there for children
@housecoat7843 Durban or Capetown. It's safe if you aren't reckless. There are also smaller towns that are very safe and where you can have a very high standard of living on $1000 SA is the best kept secret. I'm 20 min from the beaches. Good surfing, diving, etc. 2 hours from the mountains that are world heritage sites. Lots of game reserves, with lion, elephant, rhino, Buffalo, etc. This province is probably in the top 10 most beautiful in the world. You can eat out at a very nice restaurant for 2 people at $30. SA wine and beer win international prizes. Other SA destinations are one or two hours flight.
@@dhjoubert39 apart from from Taxes, SA is amazing
what about starting a small online business in montenegro? for 1-3 people?
Yes, but not using a Montenegrin company. They are not great for online businesses
0:06 "Peter Square Meter" 🤣 But the ladies know him as "Peter Millimeter" 🤣
I didn't think Croatia had very high taxes on investment income.
But It Is .. Croatia became a High tax and Living cost since 2020 and More now cause in 2023 Croatia became a EURO ZONE COUNTRY
How will entry in to the eu change the situation in Monte Negro?
Bullish real estate
Bearish personal freedom
It's a long way from being in the EU.
Does Monte tax your foreign sourced income?
On paper yes
How is it to bank in Montenegro? Opening personal and or business accounts?
It’s awful
@@TheWanderingInvestor beautifully blunt.
FATCA + the US govt has spread its filthy tentacles everywhere in the world.
Really not that difficult tbh. We’re EU citizens and non-residents and didn’t have any problem opening an account with Lovcen Bank.
I visited Kotor, Montenegro 🇲🇪 6 months ago. Absolutely gorgeous!!!
Either this interview is really old OR this guy is horrible at math. He said multiple times that he has lived there since 2005 and that he has lived there for 17 1/2 years now. Hmmm. We are in 2024. 🫢😂
Ladislav I don't think you can expense that beer...😢
😅
That is a giant beer.
I was under the impression the Dutch were the tallest people in Europe?
Not anymore. Immigration has diluted them.
12:20 the Greeks also yell all the time haha
Is Montenegro prone to earthquakes like Albania ???
Yes
Major cons neglected to be mentioned: Healthcare, Waste management, general infrastructure poor (power cuts, cant drink tap water ! ), Shoddy construction work..In short no where near a first world country. Enjoyed the conversation though, was very interesting.
We are living here. There have been no power cuts and the tap water is perfectly fine to drink. Is it a first world country? Of course not. But it's not as bad as you would make it seem.
@@JayandSarah You're lucky then. I'm guessing you are in a large city. Last week here (Dubrava) there was a 7 hour electricity and water cut. Again briefly the following day and then again for a few hours the following day. You cannot drink the tap water here. The disposal of trash is also a joke, there are designated areas, no dumpster is provided so trash is just dumped on the ground(for dogs and cats to tear apart and make an even greater mess)
@@matthewboston1570 you are living in a small village... of course the infrastructure is not the same as in larger places.
We live in Austin, Texas. Just started watching vids like this to decide if buying property somewhere in Europe make sense. We speak Russian and English :-) and be at our retirement age in about 10 to 15 years. Considering how expensive medical costs are for retirees in the United States, does it make sense to buy a property in Montenegro and rent it out for time being? Also, looking at Portugal where almost everyone speaks some English and healthcare considered to be one of the top in Europe.
@@BB-fp6gh Montenegro makes zero sense. It has no tax treaty with the USA, your double taxation would be a headache.
If I bought a property and lived off a UK pension, how much tax would I pay?
www.gov.uk/hmrc-internal-manuals/double-taxation-relief/dt13380
We are a proud people, if the UK is so good maybe you should stay there... And suck it up
1) depends on if you still have to pay taxes in UK
2) seems like you either have to pay about 13% tax or no tax at all
Spent a month in Kotor. Unbelievable.
Hi sir how are you I'm From Bangladesh i need work permit and visa plz help me
The Russians, Ukrainians, Germans and Canadians will upgrade the economy. The Turks will destroy it😂
Why would Turks come - they have a much longer coastline and millions more tourists. Get over the Ottoman history.
@@vmoses1979 The only one mentioned the Ottomans was you. Turks are not coming for the coastline, they come to drain countries, just like they did in Germany. Also what was the Ottoman Empire without stolen Slavic kids that have been forced to fight for them? Nothing.
Ahh... is freaking annoying
bosnians are the tallest in europe not montenegro
Wrong bud. Dinaric alps which is part of Bosnia part Serbia part Montenegro
Tell me how good is a health care, health insurance, best hospital compare to USA where I live . I am a photographer how much it cost me to open studio or find job in this field
This is total bs;
I what way is it bs?