Why I want to Live In Montenegro - Geds findings while looking for Real Estate in the Kotor Bay area

The idea of Living in Montenegro had been on Ged's mind for a while and after watching several of our KZbin videos he made direct contact with me to ask the usual barrage of questions about life in Montenegro (thank God for WhatsApp). Within a few weeks of comms bouncing back and forth, Ged touched down in Montenegro. Following several tours on his own and with me to see properties and places, not to mention stop-offs at the too many to mention great places to grab a bite or a beer, Ged has potentially found his dream "forever home" in Lustica.
#LivinginMontenegro
#Montenegro
#MontenegroRealEstate
#MontenegroRealEstateInvestment
#DigitalNomads
#DigitalNomadsMontenegro
#ForeverHome
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[@MontenegroRealEstate]

Here's a chance to get the point of view of someone thinking about moving to Montenegro or just buying a place here. Hopefully there's some questions answered for you. If not, ask a question below and I'll answer it.

[@bobwa399]

Sir, Do you have a presence in Whats-app?

[@l.w.paradis2108]

To think I'm half Montenegrin. Blows my mind. There are at most a million on the planet.

[@ArdaBasoglu]

When I first saw Kotor in real, I fell in love with it too. This video made me miss Montenegro so bad. I agree with whatever Ged said. Montenegro is a great opportunity.

[@MontenegroRealEstate]

But most of all. It's just a great place to live.

[@jwright9639]

I'm so there! Montenegro has everything I will ever need. Next couple of years I will be moving from California forever! See you soon.

[@MontenegroRealEstate]

Montenegro has become a popular choice for discerning US citizens. Let me know when you’re ready and I’ll help with advice. Have been here for 15 years and love it!

[@bobwa399]

why forever?

[@MontenegroRealEstate]

Why forever. I don’t understand the question? ?

[@bobwa399]

@@MontenegroRealEstate This was for J Wright.

[@mindrub1]

@@bobwa399 Why not?

[@javierconcha4880]

Admirable how he expressed his fondness for Montenegro. Regards from 🇨🇱👋🏽

[@WarrenJulieTravel]

We’re glad Ged enjoyed his stay in our home in Old Town Kotor, and enjoyed Montenegro. We will share this video on our Facebook Group page to help enlighten our viewers about this country. 👍 Nice interview.

[@MontenegroRealEstate]

Warren, Julie, thanks so much for your comment and offer to share on your Facebook group. It’s an unknown fact that this interview was in the square directly below your apartment in Kotor Old Town, where Ged made his home for the duration of his stay.

[@graceg8834]

Here a warren and Julie follower 😊

[@MontenegroRealEstate]

Welcome:)

[@WarrenJulieTravel]

@@graceg8834 👍❤️

[@Michael-4]

I'm loving this!

[@vikiburesch-beilner6855]

I fully agree with you! We bought a ruin 12 years ago, restored it for our retirement and than built another house! Now we rent them to holiday makers and later we will stay there for ever and a day!

[@MontenegroRealEstate]

You figured out the Montenegrin Master Plan.

[@GNichols]

Wow Peter, the video turned out so nicely, your videos are looking better and better - very professional. I hope people enjoy that you are offering some informative content on Montenegro as well as your listings. And thanks again for going that extra mile to make my time there so rewarding!

[@MontenegroRealEstate]

Thanks Ged. Glad you appreciate the effort put into making the videos. I think it’s important that people thinking of buying in Montenegro get more of an insight into the place. You did an awesome job by telling viewers how you felt about the place. I’m very much looking forward to having those freshly farmed mussels served up by the sea with a cold beer with you.

[@coleneboskovic5624]

Wow....I spoke with you only a few days ago and then here you are....popping up on my phone 😁Thank you for your honest, no nonsense advice.....after 17 years visiting Montenegro, several times a year, I will settle here one day! I love all that the country has to offer, from the culture, to the food, to the mountains and lakes in the North.....married to a Montenegrin who is resisting as he likes life in the UK.....watch this space 😉

[@andre1987eph]

Ive been brainstorming for years of where I want to live in retirement. I keep coming back to: Southern Vermont, Montenegro, or aboard an Amel blue water cruiser. 🙂

[@MontenegroRealEstate]

I can certainly recommend Montenegro!

[@theeyup35]

Thanks for video very nice palce

[@relaxingnaturesounds-sleep5072]

Hi guys. I'm back watching a second time one year later. Love this video.

[@MontenegroRealEstate]

Pleased to have you back. Did you get in touch with Ged?

[@mladenstojanovic7789]

We're glad you like it here Ged. Welcome !

[@MontenegroRealEstate]

I second that.

[@johnqlunchbucket]

Thank you! 👍

[@masaflynn8619]

Thanks for the support

[@MontenegroRealEstate]

Glad you liked the video

[@OIBAN]

Nice chat 👍

[@MontenegroRealEstate]

Thank you. Thanks for the support

[@relaxingnaturesounds-sleep5072]

I really enjoyed your video. I'm also a native Californian interested retiring there.

[@MontenegroRealEstate]

You’ll be in good company. You can contact me [e-mail] if you have any questions.

[@fashion9319]

I was planning to visit montenegro just before the pandemic😭hope we can make it next year

[@MontenegroRealEstate]

It looks like there is some light at the end of the tunnel in the form of the various vaccines now becoming available. I would expect that Montenegro to be open and back to business by the summer. Hope to meet you when you come. My contact details are in the description of the videos so you can get in touch via WhatsApp or Telegram.

[@mindsub9030]

Great interview. Next month I will be in the Balkans, Serbia, Croatia, then Montenegro. Maybe we can chat.

[@MontenegroRealEstate]

Thanks . More than happy to chat. You can also find my contact details in the video description, if you want to touch base before you arrive.

[@ryanjamesr_]

I'm coming to Montenegro in october to get a feel for it, but I'm pretty much already sold on retiring here! Absolutely going to buy a house there

[@MontenegroRealEstate]

Glad you’re loving the Montenegro vibe. Happy to help with your search for your Montenegro life investment.

[@ryanjamesr_]

@@MontenegroRealEstate Thanks! I appreciate it

[@MontenegroRealEstate]

My pleasure.

[@TexasDoug393]

Would love to hear an update on how Ged feels a few months in.

[@MontenegroRealEstate]

Me too! He’s currently in Krakow though 🙂

[@i95_creative]

planning on coming out in dec

[@MontenegroRealEstate]

Great. I hope you enjoy your time here. If you need help/advice in buying a property, get in touch. My details are in the description.

[@PolishedMagdalena]

so i guess Ged has chosen Krakow in Poland as i know him from his yt channel 'From LA to Krakow' :)

[@MontenegroRealEstate]

Yes, his new job is in Krakow, but his heart is in Montenegro:)

[@GNichols]

An unexpected big job opportunity came up in Krakow - else for sure I'd be in Montengro. Still considering a home there, absolutely fell in love with it and think it has tremendous investment potential. A little bit jealous of everyone that goes there. Krakow has turned out to be an amazing place to live, but a lot more difficult to move here compared to MN. I think Peter wants to make a follow up vid!

[@aidankerr1125]

Wonderful video. I had a magical fortnight in this beautiful country before the pandemic. Could you advise, or point me in the right direction to find the information, if you need building permits to install an in ground pool in Montenegro?

[@MontenegroRealEstate]

Thanks for your lovely comment. Regarding permissions for pools, it tends to vary Municipality by Municipality. If you're building a new project or renovating a building some will consider the pool as part of landscaping and therefore kept separate from your Gross Build Area (GBA) and others will include it as part of the GBA, therefore reducing the size of property you can build. Your local architect should be able to advise. If you have Urban Technical Conditions (UTU's), then the way a pool is handled should be mentioned. If you want l discuss more, you can find my contact details in the video description and I'm contactable on WhatsApp, Telegram or Viber. Regards Peter

[@johnqlunchbucket]

See you soon as we can travel. Would like to come and check out the real estate market. Looking for our plan B to exit the US.

[@MontenegroRealEstate]

Looking forward to meeting you in person. If you want to contact me in advance of your arrival, my contact details are in the description of every video. It’s best to get me on WhatsApp, Viber and Telegram on my mobile.

[@robertwilliamwalton5909]

Loved the video....would like to come and rent for a few months to really make sure i'd like to consider a property and a long term residence, any long term reasonably priced rental agencies you could recommend?...

[@MontenegroRealEstate]

Yes, you can contact me [e-mail] and we can discuss in more detail if you like.

[@livesdifferentlylived]

Wanna see his property!!

[@thesuperspoiled301]

I really hope Montenegro decides to respwct and protrct tgier old buoldings but allow them to be retrofitted for future builouts. One of my regrest is not purchasing in Kotor Bay area back in 2007/2008 if not before when I stubled on it via online. The huge influx of Russian Millionares acn only be a plus! It is worth the investments for sure!

[@MontenegroRealEstate]

Thanks for the comment. All old buildings around the bay and in Kotor/Perast are protect by UNESCO. It's still a great time to invest as the market was overheating in 2008 and has come down to more sensible levels follow the Global Banking Crisis. But prices are on the move again, especially in Kotor Bay and Tivat.

[@lovejerky9307]

🎉🎉🎉🎉🎉

[@keawhitmore3842]

We can only hope Montenegro does not join the EU. Why would anyone want to pay more taxes?

[@snterp]

Indeed. The only people that would benefit would be the politicians.

[@cornelpod2068]

Taxes may increase. But keep in mind that Romania and Bulgaria have 10% income tax still and are EU. So some things may stay the same.

[@alantillett7614]

I have been looking at Montenegro. As I am retired, there is not tax on pensions. Only tax on money earned while in the country. This is the same in China where I currently live.

[@ThatCologneGuy]

Like and subbed here. Fantastic video. Looking forward to the house tours. Is it easy to find work there if you do not work online?

[@MontenegroRealEstate]

Thanks for the comment. Work depends on your skill sets. Many expats are either self employed, retired or work for one of the large developments. However, remote work from Montenegro has become extremely popular.

[@ThatCologneGuy]

@@MontenegroRealEstate You're welcome. Ok, sounds good. I am going to check out more.

[@damorocksaor2032]

Hi Peter. Me and my wife we both from Poland but been living in London 20years. We have been to Croatia first time in 2014 and we love Croatia instantly . Since then we been there five times and on one occasion we travel to Montenegro and absolutely love the country. Fast forward next year we are planning to move out from hectic London and move to one of those countries but it's hard to decide. Would be possible to meet up with you and help us with our decision by just tell us how is to live in Montenegro and where to buy property? Thank you and great video. Damian

[@MontenegroRealEstate]

Hi Damian Thanks for reaching out to me. I’m more than happy to meet with you, talk to you about my insights of living in Montenegro and Croatia vs Montenegro. You can always talk with me via WhatsApp [phone] if you like. Regards. Peter

[@MontenegroRealEstate]

PS. What’s that awesome car on your profile pic? Mustang?

[@damorocksaor2032]

@@MontenegroRealEstate Hi Peter. Thank you for responding to us. We will definitely keep in touch with you.

[@damorocksaor2032]

@@MontenegroRealEstate This beautiful car is Datsun 240Z.

[@Potato-lw3fe]

@@damorocksaor2032 peter is selling some great plots on lustica

[@BODGE71]

Correct me if I'm wrong but there is a 9% income tax rate but you also have to pay a municipality tax which is approximately 13%. However I don't know if the municipality tax is calculated on your gross income or on the 9% income tax that is payable. If it's calculated on the 9% income tax payable then the overall tax rate is very low for Europe.

[@MontenegroRealEstate]

There is a tax on the 9% tax, so this is probably what you’re thinking of.

[@hillock10]

In Montenegro, do most people live in apartments like most of Europe, or can a person purchase a nice home with all utilities supplied by the Town or state as in the USA? Is it crowded?

[@barryalexander219]

I am selling my house in Trinidad and moving to Montenegro ASAP.

[@bobwa399]

What about starting a small business in ME? like a car or small transport truck for transporting goods and people OR a grocery store type of sole proprietorships.

[@MontenegroRealEstate]

That’s quite easy to set up.

[@bobwa399]

@@MontenegroRealEstate Can you be contacted through Whats-app?

[@MontenegroRealEstate]

@@bobwa399 yes. [phone]. I’m also available on Viber and Telegram

[@bobwa399]

@@MontenegroRealEstate Thank you very much.

[@kmccampb]

I would like to purchase a tiny home with an amazing Bay View and large balcony. What should I expect to pay?

[@MontenegroRealEstate]

Hi, thanks for your comment. It’s probably best to contact me directly, my details are in the description of the video.

[@spacegreycoralred]

If I buy a property in Montenegro now before they become part of EU/Schengen, what happens to my residency after?

[@MontenegroRealEstate]

As you are obtaining residency, not citizenship, I see no reason whatsoever for the residency qualification to stop.

[@t0umart0u]

Hi thanks for your video. When buying some real estate, does it have to be paid in full in order to apply for residency? what if I finance the purchase with a foreign bank, is it a deal breaker?

[@MontenegroRealEstate]

If you're financing, you're paying the seller in full and the property will be in your name, all be it with a mortgage, so... yes. You can finance a property purchase and get residency through property ownership. Difficult to finance property in Montenegro from abroad, but now loans are a little easier in Montenegro max loan to value 50%. Good luck!

[@t0umart0u]

@@MontenegroRealEstate Thank you for the reply. That's great news. I'll make sure to get in touch when we decide to go ahead and property hunt. Have a nice day.

[@MontenegroRealEstate]

@@t0umart0u looking forward to it.

[@viviennedingrat1785]

Which place in Montenegro can you recommend for putting up a food business for tourists?

[@MontenegroRealEstate]

Depends on the food. Type of business etc. in general though, I’d say: Tivat, Kotor and Budva, though you may have an idea that could work well in Podgorica, the capital. It also depends on where you want to live.

[@trianglehat6994]

Hi Mate. I am considering leaving Vietnam after 15 years. I'm an Aussie. Is it possible to buy in installments or do most properties require full payment upfront? Thanks.

[@MontenegroRealEstate]

Hi! Pretty much everything is bought by full payment. There are a couple of developments that will allow you to pay over 4 years, but they tend to be the very high end/expensive developments. Interestingly, you can pay with Crypto and I myself have just sold a studio we have with Crypto. I can see why you’re spending time in Vietnam, just spent most of this week with a US/Vietnamese couple. Extremely nice people.

[@trianglehat6994]

@@MontenegroRealEstate thanks for the prompt reply and the info. It is still dirt cheap living in Vietnam. But after 15 years of renewing resident cards, work permits, paying high taxes, learning the language and never really being able to own anything I'm starting to feel a bit unwelcome. Especially now with the lockdowns. Threats of losing my job if I don't get a vaccine. It's getting a bit intense.

[@MontenegroRealEstate]

@@trianglehat6994 I understand. It seams as though there’s a lot of interest in people wanting to move to Montenegro, simply because they have easy routes to residency and more freedom. Let me know if you want to take the next step.

[@trianglehat6994]

@@MontenegroRealEstate I am considering moving there next year. Hoping to find a small apartment for $40k US or less. The last 2 years have been extremely tough financially.

[@gopalrawat4320]

Hello sir

[@MontenegroRealEstate]

Hello

[@relaxingnaturesounds-sleep5072]

Dear Ged, I would love to correspond via email with you about your future in Montenegro.

[@MontenegroRealEstate]

You can email me or WhatsApp your details and I’ll pass them on to Ged. He’s happy for you to contact him. My contact details are in the video description . Personal number [phone]

[@gutsandgrittv5076]

Can you buy land with plans to build a house for residency qualification?

[@MontenegroRealEstate]

No, you must have a habitable property.

[@mmartinez7838]

Can US citizens get residency by buying a house? Also do you know which bank allows US citizens to set up an account?

[@MontenegroRealEstate]

Hi You can buy in Montenegro from pretty much every country in the world. US citizens are more than welcome in Montenegro and the house (any property), as long as habitable, allows you to have residency . Regarding banks, I’ve been banking with Erste since I arrived here in 2005. Like most banks they offer internet banking so you can manage a lot of your local finance remotely. But there are many banks and NLB, PRVA and Addiko are other examples. You cannot open an account remotely though as far as I’m aware. Hope this helps.

[@petervanbaal5571]

What is the name of the place Ged fell in love with and is living?

[@MontenegroRealEstate]

He fell in Love with Lustica Peninsula.

[@patriciamayhew6321]

How difficult is it to retire to Montenegro from the USA? Can you still get citizenship just by buying an apartment?

[@MontenegroRealEstate]

Hello! No, it’s not difficult to buy and move to Montenegro. For retirement, it’s really a great choice considering how much further your US$ go here. Interestingly, the biggest growth we have now is from US citizens looking to move to Montenegro. You qualify for residency if you buy a property. If you need citizenship, you can apply for the Citizenship by Investment. It’s quite a bit more expensive, but we can help you through the process if it’s the best option for you. Peter

[@VeeVex]

Is Montenegro cancelling the Citizenship by Investment program??

[@MontenegroRealEstate]

The last thing I heard that the new government were considering cancelling Citizenship by Investment but are letting it run for now. CBI is one way of getting residency and the 2 other general ways foreigners get residency is either by buying property or forming a company. If I hear of an update regarding CBI I'll post in this reply.

[@wilsmith6551]

Hey what city are you in for this video? Thanks

[@MontenegroRealEstate]

Kotor Old Town

[@canispeakwithyourmanager591]

Didn't my guy GED choose Krakow in the end?

[@MontenegroRealEstate]

He took a job in Krakow.

[@canispeakwithyourmanager591]

@@MontenegroRealEstate Krakow is absolutely fantastic , his channel is great if you've had chance to see it. But I have to say how stunning Montenegro is , since this morning I've been googling

[@MrMediterrano]

I would buy a seafront or bay-front house or plot if it is allowed to moor my yacht in front of it, instead of putting it into an expensive marina.

[@MontenegroRealEstate]

That’s a great option and doable. My contact details are below in the description.

[@MrMediterrano]

@@MontenegroRealEstate when u drive along the coast, do u actually see any examples of that? The yacht has a draft of 150cm, so the depth has to be min. 3m. Anchoring, even long-term, must be permitted and ideally, the spot should be in a wind-protected bay.

[@MontenegroRealEstate]

@@MrMediterrano plenty of examples of yachts and other boats moored of the coast. The bay goes very deep, very quickly.

[@frankmooney7282]

I've heard PayPal doesn't work there??????

[@MontenegroRealEstate]

I think, if you’re referring to using PayPal as a payment system based in Montenegro, then you’re right, though I’ve heard that the banking systems and payment methods are being upgraded to be more inline with the rest of Europe.

[@kats.7268]

How is the crime rate in Montenegro? Can you live safely in a rural area as well?

[@MontenegroRealEstate]

Street crime is relatively low in Montenegro.

[@gomabelbase372]

How hard is it to get work visa for Montenegro?

[@MontenegroRealEstate]

You can either set up a company and employ yourself, or you can get work for another company and they will go through the employment/visa applications. If you're a digital nomad or want to do your own thing, then I'd recommend contacting Julie Barbidonskaja on Facebook or mneconsult.ru/ don't worry that the website is in Russian, Julie speaks excellent English.

[@wilsmith6551]

Your website is down

[@MontenegroRealEstate]

Yes, I focus too much on KZbin and day to day business, but you can find all our listings here, while I keep searching for a new website developer "Properties For Sale by ntRealty, Tivat | Rightmove" www.rightmove.co.uk/overseas-property/find/ntRealty/Tivat.html?locationIdentifier=BRANCH%5E108032

[@ellenschultz3267]

Any comments are the quality of healthcare?

[@MontenegroRealEstate]

It's not so bad. Certainly cheap. And lots of specialists in the region.

[@alantillett7614]

Income tax is 7% in Malta.

[@MontenegroRealEstate]

Great! There are places with lower taxes than Montenegro, but some people would rather live in Montenegro than Malta and vice versa .

[@VERTICALWisdom]

How long is the process to acquire citizenship in Montenegro?

[@MontenegroRealEstate]

Depends on how much you want to invest. With the Golden Passport, a couple of months with minimum €350k -€550k investment in the north or coast respectively, only in approved schemes. Residency can be acquired by buying real estate and takes 1-2 months. You can also qualify for residency if you own a company registered in Montenegro and employ yourself. If you want permanent residency, this takes 5 years of annually renewed residency and citizenship takes 10 years.

[@VERTICALWisdom]

@@MontenegroRealEstate Great videos and Thank you for the reply. We will be interested in the $550+ fee and real estate option to get the CBI. So 3 months with documentation can be realized?

[@MontenegroRealEstate]

All information that I can find suggests that 3 months is the time required by the government to go through their vetting process. One source mentions a time frame of 3-6 months. Nevertheless, it’s easy to come and live in Montenegro if you want to come here and enjoy the lifestyle while you wait for the process to complete. Please contact me on my mobile [phone] (WhatsApp) or direct email [e-mail] and I’ll help you with your search.

[@davidh7799]

If I bought property in Montenegro, could I get my residence visa without a background check?

[@MontenegroRealEstate]

You need to provide the ministry of home affairs (MUP) some documents on your first application for residency, one of which being a certificate from your local police to show no criminal record, or if you have a former record, if it is over 10 years, the certificate will show that you’re of no interest. Hope this helps.

[@davidh7799]

@@MontenegroRealEstate thanks, my charge goes back to 1982, so I think I fall into that category.

[@davidh7799]

@@MontenegroRealEstateI was thinking about your reply. Is there a immigration attorney that you could refer me to?

[@MontenegroRealEstate]

@@davidh7799 you can reach me directly to discuss. My contact details are in the video description.

[@davidh7799]

@@MontenegroRealEstate sorry to be a pain, but I tried through your video description to get a direct address, but had no luck This is a copy of a correspondence I got from a Montenegro attorney: Hello, Thank you for your email. Well, I can help you with all subjects that you mentioned. Also, you need to erase this felony from 1982, you can do it in America. Our country will check your record and if they find it, the are possibilitity that they will reject your case. With best regards If the attorney *knew* what it was like in the United States, he would have also known that prior felonies are *never* erased. Frankly, that's the number one reason why I want to get out of the States, and enjoy a peaceful retirement.

[@barryalexander219]

Can I buy a house in Montenegro to rent for Airbnb?

[@MontenegroRealEstate]

Yes you can! It’s quite easy and I’d suggest areas like Tivat or Kotor Bay for best rates and occupancy. Taxes are simp,e and low here too; it’s self declared and is based on 50% of your turnover at 9%.

[@espmonaco]

auditor didn't know about income tax...hehe

[@jacquelineellis7136]

Anybody need a highly skilled personal assistant/companion/problem solver who moonlights as a vocalist...

[@MontenegroRealEstate]

I’m sure lots of people do!

[@longiniusspear4565]

yea .. yea... yea.... yea... yea.. yea.... sure.. yea.. yea..

[@MontenegroRealEstate]

Yea