Montenegro Retirement: Living Cost & Tips for American Expats
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- Опубликовано: 5 июл 2024
- Today we visit with Bonnie & Michelle, two American Expats that just discovered the beautiful, affordable, and welcoming country of Montenegro. They liked the country so much they bought a home near Kotor Montenegro and are applying for residency in the country.
If you'd like to contact their realtor Peter Flynn: rightmove.co.uk
Peter@ntrealty.me
Peter Flynn WhatsApp or Viber +38267268805
We bought our home in Kotor Montenegro in 2016, we were enchanted by this medieval city from first sight. With the low cost of living, Mediterranean climate, UNESCO Heritage designation, and it's popularity as a tourist destination for Eastern Europeans and the British it made perfect sense to buy here. As we travel Europe over the next 5 to 10 years we will be using our home in Montenegro as our home base, rest assured our journey is not ending.
Join our Facebook Group at: / warrenandjulie
Kotor Montenegro UNESCO World Heritage link: whc.unesco.org/en/list/125
www.airbnb.com/rooms/52912559...
Do you want to live abroad as an Expat? Are you looking for affordable and viable options? We are exploring the world to see what it's like to live in a country, and also discover if Residency is an option.
We began our retirement in March of 2020 with the intent to travel the world, spending 1-3 months in a country or location. We want to see what it's like to live there and not simply visit, and we want to share these experiences and the costs with whoever wishes to follow along.
If your looking for a place in Europe to live or retire Montenegro may be an option, stay tuned and follow along.
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Julie and I retired early not by luck but by planning.
One of our spokes to our wheel for savings, and now an income stream
is Fundrise. Basically we are invested in many apartment complexes around the country.
We get a portion of the rents in the form of dividends, and growth in value with the appreciation
of the properties. We currently have selected an income REIT (Real Estate Investment Trust)
which historically pays between 7.5% - 9% annually in dividends. You can chose a balanced REIT which has a split between appreciation and dividends or a REIT where it's focused on appreciation and not dividends.
Check it out to see if it's a fit for your savings, or retirement strategy. Feel free to share this with those you feel may benefit from this program.
fundrise.sjv.io/PXgm6
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" Bonnie & Michelle, we are so happy to have you as the first people moving into our development. From the day one you showed full appreciation for what we are doing there and you embraced Montenegro and its people with so much love. For anybody else who is interested joining our International community get in touch"
How are gays or anyone with alternative lifestyles accepted there?
The view, I’m sold! Thanks for sharing your story ladies. Your home is gorgeous
Thanks for watching 😊
They were so nice to shar their home and price with you plus the living expenses. Incredible views. 😮
Yes, these are very wonderful people.
Their home looks very nice! The view is incredible! Looks like a great place to live.
We love montenegro 🇲🇪
Pleasure seeing Balkans as an option as well as Central and South America. I appreciate the Balkans
cleanliness, infrastructure, and the ease of your travel only using English. You both have a very informative and casual channel and you will be successful. Good Health!
Thanks we appreciate your watching ❤️
Come and visit Slovenija. It's a gem of Europe and very affordoble
Thanks for the shout out, Bonnie and Michelle. Such an awesome couple to work with and even more fun to socialize with too. Check out Warren and Julie’s latest property tours for more examples of what you can buy in Montenegro at different price categories.
Looking forward to your next video on residency in Montenegro.
Thanks 🙏👍
It’s a wonderful country and a great place to live! I am from Kotor, currently living in USA. I miss my hometown so much😍
All the best neighbors, I may see you in summer!😀🙏
Great, say hello if you see us. We plan to be traveling through the summer but may be back late September.
@@WarrenJulieTravel Great guys, do you have an email,, Facebook or Instagram?
@@magdalenatomic7762 yes, look us up on Facebook, search Warren Julie Travel with us to find our group. On Instagram I just converted my individual account, look for Warren_Julie_Travel
Thanks
@@WarrenJulieTravel Thank you!
@@WarrenJulieTravel I sent you message on Instagram. I hope we can connect! Enjoy Kotor!😀
Congrats to Bonnie and Michael.
It's a proppa' crib.
It certainly is. 👍
"Michelle";
Michael is married to Obama.
Great video thank you! Best wishes ladies and thanks for telling us about your experiences!!
Really really good video. Great informative video and very kind people. I just subscribed to the channel because of the video. Wishing y’all the best for the future in your new home
Thanks for subscribing 😊
Just great to see Bonnie and Michelle at your video 😁
Great vid! Super interesting
Thanks 😊
That's a really cool house.
👍😊
Beautiful enjoy I am happy that you live in a country that I was part of and visited over so many years ❤️
Beautiful place. ♥️👍
Like for video, welcome to Montenegro! I hope you enjoyed your stay here. Greetings from Podgorica!
Amazing view !
Yes it is.
New to retirement and new to your channel, love it
Thanks, glad you are with us 😁
@@WarrenJulieTravel I’m recording my trips and posting them also 👍
Thanks for sharing
Thanks.
You're welcome
What about property taxes and or maintenance fees/condo fees?
That Red Lobster looks WAY better than the American chain!
It is 😂
🙏🙏🙏👍👍👍😍😍😍l wish to visit Montenegro one day
Hope you do. 😊
What would the cost of insurance, property maintenance fees, and property taxes be?
I’ll ask Peter to respond, ours are very low but I can’t recall at the moment since our property manager had been paying it.
Like some of the comments below, I too was a bit surprised how much they paid for that apartment. My guess is, this complex is not intended for your average Montenegro family? The quality looks top-notch, but at that price, I'm not surprised that there aren't more locals living there yet. The further east you go, you'll see apartment prices drop dramatically. Right now, I'm researching Turkey and Georgia, and you'd be amazed what you can buy (brand new) for half that price.
Update: Okay, I found a real estate site that has a number of decent homes, in most peoples' price ranges. So, you don't have to move to Turkey or Georgia to get a nice affordable home.
We are going to do a couple house hunting videos on Montenegro so stay tuned.
220k? I want one! Top floor still available?
The Grocery Bill is the biggest thing.
Yes, if you eat at home often your overall budget is less.
Hello. Is it possible to ask a few questions of Bonnie and Michelle? Would be looking for an apartment. Thanks
Send me an email at warrenjulietravel@gmail.com
When I come I'm going to look for a place at around EUR 1000 per M2. I couldn't afford that place haha.
Watch our upcoming videos when we look at homes.
Wondering what kind of jobs they do? Love my Ex Yugo and missing it immensely 😢
They are retired.
@@WarrenJulieTravel thank you 🙏🏻. That makes sense. Great decision to retire there. Wish them best of luck and lots of fun 🤩
Foreign Company director/ResidenCY in Montenegro leave around 90 days or less at different times in a Year for Business or personal reasons travel out of Montenegro, will it affect My future PR and citizenship ? " how many days will it allow to stay out of Montenegro within 5 Years or every year count ? and where should i get the permission when I leave the country ?
And can I continue the PR or Citizenship Process ??
Please reach out to Yulia. Her contact is in the video description.
So the price of a square meter seems to be around 2k euros, which is on Belgrade's territory
It depends on location, and many factors. We will show some other properties in upcoming videos.
You are comparing apples to oranges. Most people move to Belgrade for work, Kotor is a place where you retire to.
What a beautiful place to live! Are there any homeowners association fees with the condo?
No there are no HOA fees.
My guess is, in the future there will be. Once that place starts needing regular maintenance, but it may be a while before they start paying US-like fees. I pay $410/month in Florida for my condo/villa fees, but it covers a lot, like water, sewer, garbage p/u, exterior maintenance, basic cable, pool, club house, lawn, etc.
@@cfonde Our condo fees are now $850/month in Florida & expecting them to go above $1000/month next year - so essentially for the same each month my wife and I could live in Kotor, at least from 2021 prices, 2023 maybe 15% more?
What did they pay? Did they say they can only leave for 30 days a year to obtain the residency (and they have to do that for five years)?
Yes the video answers all your questions.
@@WarrenJulieTravel oh sorry to inconvenience you :-)
I am hoping to buy a small efficiency house with a large balcony and bay view. What can I expect to pay?
That’s a complex question, depending on location and condition. You can probably find something nice between 75€ and 100€, possibly lower.
Beautiful place they have. The price seems fair.
Disregard these political comments.
Agree on both.
Wow good , I wanna buy one :-)
Need to make $1m to retire in Europe
Not so, check out some of our other cost of living videos.
The Volume is Very LOW ...
Okay 👍
👍
👍
how did you meet bonnie and michelle, on the street?
Through a mutual friend.
@@WarrenJulieTravel nice to meet new people that way. btw, i live in rimini, on the adriatic, in italy
@@predragtijanich7355 I love that city, also love 🇸🇲 San Marino.
@@WarrenJulieTravel you get around
fyi, i've been to montenegro: good place
This apartment is now for sale-with or without furnishings! Contact us directly if interested. Warren & Julie know how to reach us!
~Bonnie & Michelle
Bonnie & Michelle, how do we contact you directly to discuss investments and property management opportunities? PS I’m in Utah as well…awesome to see fellow Utahans getting out and exploring investment opportunities around the world :)
I would suggest people looking to move to this country to first do your research about the economic and political state that the country is in. Best of luck. ✌️
We feel it’s no different than most democracies, the US can look pretty unstable when watching the news so do your research. Often the reality on the ground differs from the hype.
I did see there were some protests. What kind of topics are you seeing coming up regarding Montenegro?
Nothing worse than the Democrats and Republicans in the US. Different opinions of priorities, nothing I see as far as destabilizing the country. Differences will be settled at the ballot box.
There's lots of rain in the winter/spring season, in the summer it could be too hot because the location is locked by bare rocky mountains all around. The cost of heating in winter should be low, especially if the building is well-insulated. There are barely any beaches nearby and the roads are congested during the tourist season, unless you opt for mountains.
The country has been in a dubious situation economically and politically for more than a year, but if your finances are coming from elsewhere, you could be totally OK.
Hmmm, a lot of this is perception. If you’re coming from most parts of the USA you probably won’t think the heat is too hot, if you’re coming from Northern Europe maybe you’ll consider it very hot. Similar to the rain, it’s a mix of rain and non rain days on the Winter and Spring, not too different from much of Europe in my opinion. Beaches, there are plenty of places to walk to where swimming is allowed nearby in the bay, beaches like Jaz are about 15 or 20 minutes by car or Taxi. Tourist season, yes the roads get congested but not like Los Angeles, Chicago or New York traffic. So it really depends on your point of reference.
It's interesting how people from the West are amazed at double glazed windows, which have been a standard here - Serbia, Montenegro - for at least half a century, in Belgrade triple-glazed windows are actually now becoming standard.
Kotor is a small town with two real, very dangerous mafias that have killed about 50 people in the last year.
Actually double paned are standard in the US, many countries still have single pane especially South America. This simply shows that there are high quality features that one might expect in the US in this home. Our home in Florida had hurricane windows with impact resistant windows up to 200 miles per hour. Regarding Mafia, I'm no expert on the matter but the reported history is 30 killed since 2013 and they are mostly members of the other competing group. I haven't seen anything new in the news since January 2020.
@@WarrenJulieTravel 50 including Belgrade, which is the front yard for most Montenegrians, including mafias. :-) They say one of the gangs is actually a state one, formed by President Djukanovich secret service. Hopefully he is gradually losing his power now.
@@WarrenJulieTravel Warren and Julie, don't join any Montenegrin mafia and you'll be ok. I just went to check on the local weather(Milwaukee area). The headline was 7 teens shot in the last week, 3 fatalities. Last week in Kenosha(Illinois border town) at a rap concert, 5 shot, 3 dead. But we still live here.
That many people are killed per month in Chicago alone.
Thanks.
You're welcome