As Spain tightens its grip on property taxes for non-EU residents, British ex-pats are eyeing a new European gem with stunning coastlines and lush landscapes.
British expatriates concerned about Spain’s proposed tax changes for non-EU residents are increasingly turning their attention to Montenegro and Croatia, according to a report by the Daily Express.
Spain, home to over half a million Britons, has long been a favorite destination for retirees and property investors. However, plans to introduce a 100% tax for non-EU residents buying property may push prospective buyers to consider other European destinations.
Montenegro, with its Adriatic coastline, lush green hills, and affordable living costs, has emerged as an attractive option.
“Montenegro offers a very affordable cost of living, with total bills equating to around €107 for a city center apartment,” Laura, a source cited by the Daily Express, said.
The country’s growing tourism sector also presents opportunities for entrepreneurial expatriates. “There are plenty of investment opportunities for those considering starting a business as an expat,” Laura added.
Montenegro’s appeal is bolstered by its stunning mountain ranges and white sandy beaches, offering a lifestyle comparable to Spain’s, without the financial burden of the proposed tax hike.
The proposed tax is part of Spain’s broader efforts to combat over-tourism and address its housing crisis. Prime Minister Pedro Sánchez described the measure as “unprecedented” but necessary to ensure affordable housing for residents.
Spain’s regulatory changes follow a series of initiatives aimed at reducing the strain on local housing markets caused by foreign investment.
For those seeking alternatives, Croatia offers a blend of natural beauty, cultural heritage, and an increasingly vibrant expat community.
“Croatia has a beautiful coastline along the Adriatic, a rich cultural heritage, and an excellent food scene,” Laura said. The country’s major cities, including Zagreb, Split, and Dubrovnik, are attracting a growing number of British expatriates.
Though fewer than 15,000 Britons currently live in Croatia, experts predict this number will rise as Spain’s proposed tax changes take effect.
As Spain moves to introduce stricter property regulations, Montenegro and Croatia are positioning themselves as viable alternatives for British expats. Both countries offer attractive living conditions, business opportunities, and a chance to enjoy a Mediterranean lifestyle without the looming financial implications of Spain’s proposed tax measures.