Property for Sale in Serbia

Location, climate, and economy

Serbia (officially - the Republic of Serbia) is a country located in the center of the Balkan Peninsula, as well as on the Pannonian lowland (partially). The country is landlocked. It’s a member of the UN and a candidate for EU membership.

The climate is temperate continental, the northern part is characterized by a more pronounced continental climate (cold winters and hot humid summers), in the south. Closer to the Adriatic, summers are hotter and drier; winters are relatively cold. July is the warmest month (average temperature 10-24°C).

The economy is based on the following sectors: agriculture, services, including tourism, aviation production, business process outsourcing, construction, electronics, information and communication services, pharmaceuticals, automotive, leather and footwear, automotive, food, textile, forestry, and furniture industry.

Real estate market in Serbia: why it is profitable to buy properties

The country has prospects for economic growth. The price of real estate in Serbia is still relatively low (Serbia is still among the countries where housing is cheaper than in many others on the European continent). But the cost of real estate in Serbia continues to increase. The trend is fixed by experts not only in the capital - Belgrade, but also in major Serbian cities. The reason was the rise in the cost of steel, heat-insulating materials, facade mesh, OSB boards, tiles and other materials. The leader in sales is the city of Novi Sad (the city is called "Serbian Athens"). Customer reviews confirm the high quality of the constructed residential complexes. Serbian builders are in demand not only in Serbia, but also in other countries.

Interestingly, residential real estate in Serbia is not considered the best investment for many local investors. It is much more reasonable to purchase arable land in an attractive region of the country, for example, in the vicinity of Belgrade. Options for investing in commercial real estate in the capital are in demand because of the opportunity to receive high rental income from entrepreneurs who come and rent space.

Real estate prices in Serbia

The average cost of housing per 1 sq.m. is 1680 euros in the secondary market, 2165 euros in new buildings. In the capital, especially in the center, apartments cost 3000-4000 euros. Due to the high dynamics of price changes, it makes sense to use information that is current at the time of the request.

Property types for sale

The following types are on the market:

• residential (primary, secondary) - apartments, houses, villas, etc.,
• commercial fund (hotels, shops, offices, etc.)
• land plots.

Real estate website in Serbia

The sale of real estate in Serbia is transparent and safe, however, in order to minimize risks, you should seek advice and legal assistance from experienced professionals. The GEOLN.COM website (with a convenient search interface) helps the investors, since it contains a full real estate catalog or the properties in Serbia. There are offers for the sale of objects without intermediaries, both from the developers and from the owners in the secondary market.

Buying property in Serbia by foreigners

Foreign buyers can use the right to purchase real estate only in accordance with the principle of reciprocity, that is, only citizens of those states whose legislation allows purchasing real estate for Serbian citizens in their country can purchase properties in Serbia.

Buying real estate in Serbia means making a pragmatic investment in a country with a developing economy and a promising real estate market. Consideration should be given to existing restrictions on the list of countries whose citizens are entitled to purchase, political risks and the atmosphere in society.