Serbia vs. Georgia/Turkey/Montenegro: A Comparison for Relocators
Cost of Living: Where Is It Cheaper?
When choosing a country for relocation, one of the first questions that arises is the cost of living. Serbia, Georgia, Turkey, and Montenegro offer different conditions, and the living budget can vary significantly. Each country has its own unique features that affect daily expenses.
Serbia offers a moderate price level, especially outside the capital, Belgrade. Georgia is traditionally considered one of the most affordable countries in the region, although prices in Tbilisi and Batumi are gradually increasing. Turkey shows a wide range of prices between metropolises like Istanbul and smaller cities, and the cost of living is heavily influenced by high inflation. Montenegro, especially its coastal part, is the most expensive destination of the four, which is compensated by its proximity to the Adriatic Sea.
For clarity, let's compare the approximate monthly expenses for one person, excluding housing rent.
These figures are approximate and depend on lifestyle, but they provide a general idea of the financial aspect of relocating to each of these countries.
Real Estate Market: Rent and Purchase
Housing is a key issue when moving. Let's look at the options for renting and buying real estate for foreigners in each country. The conditions can vary significantly, affecting both the budget and the possibility of obtaining a residence permit.
In Serbia and Montenegro, purchasing real estate is one of the grounds for obtaining a residence permit. Prices in Belgrade and on the Montenegrin coast have risen in recent years but still remain more affordable than in many EU countries. Georgia offers very liberal conditions for foreigners to buy property (with the exception of agricultural land) and also grants residence permits to owners of real estate of a certain value. In Turkey, the citizenship-by-investment program in real estate has made the market very active, but for a residence permit, owning any property (TAPU) is sufficient.
The average rental cost of a one-bedroom apartment in the capital cities can serve as a good indicator.
- Serbia (Belgrade): 400 - 700 €
- Georgia (Tbilisi): 350 - 600 $
- Turkey (Istanbul): 400 - 800 $ (strong fluctuations)
- Montenegro (Podgorica): 350 - 500 €
On the coast of Montenegro (for example, in Budva), rental costs are significantly higher, especially during the tourist season, and can reach 700-1000 €.
Obtaining a Residence Permit: Paths and Pitfalls
The legalization procedure is a crucial aspect of relocation. The conditions for obtaining a residence permit are a decisive factor for many who plan a long-term stay in a new country. Each of the countries under consideration offers several paths for obtaining a residence permit.
Serbia attracts many with the possibility of a relatively simple way to obtain a residence permit by registering as a sole proprietor (preduzetnik). Other grounds can be purchasing real estate or formal employment. Georgia, previously known for its simplicity, has tightened its rules; now the main paths are real estate investment of $100,000 or more, work, or study.
In Turkey, the previously popular tourist residence permit has become much more difficult to obtain, and authorities are now more frequently refusing its renewal. A reliable basis remains real estate ownership (TAPU). Montenegro grants a residence permit based on ownership of real estate of any value, as well as for opening a company and being employed by it.
It is important to note that immigration legislation can change, so it is necessary to check for up-to-date information before making a decision.
Conclusion: Which Country to Choose?
The final choice of a country for relocation is always individual and depends on goals, financial capabilities, and personal preferences. There is no universally best option, but there is one that is most suitable for a specific situation. Let's briefly summarize the strengths and weaknesses of each destination.
Serbia appears to be a balanced option for those seeking a European mentality, a relatively low cost of living, and clear rules for legalization through business. It is a good choice for freelancers and entrepreneurs. Georgia is attractive for its low cost of living and beautiful nature, but the process of obtaining a residence permit has become less predictable.
Turkey offers a warm sea and the opportunity to obtain citizenship for investment, but the instability of the national currency and the tightening of migration rules for short-term residence permits add risks. Montenegro is an ideal option for lovers of the sea and mountains who are prepared for higher expenses. Obtaining a residence permit through real estate is the easiest here.
Each country offers its own unique set of advantages, and the best country to move to is the one that best matches your expectations and future plans.
