Investment opportunities in Serbia: real estate market, taxes, conditions - comprehensive information!

Education in Serbia

Students in Serbia undergo 12 years of education, and although there are international schools in the cities, many foreign families prefer to send their children to local educational institutions. To successfully learn the Serbian language and continue their education alongside local students, just 1.5 to 2 months of lessons with a teacher during the summer holidays is sufficient. It is important to note that adults require more time to master a new language.

Trip to Serbia

When planning a trip to Serbia, keep in mind that direct flights from Russia are provided by Air Serbia. The cost of a one-way ticket is about 25,000 rubles. A more economical option might be to choose flights with layovers with other airlines.

Real estate in Serbia

The secondary real estate market in Serbia offers a variety of options, ranging from renovated apartments in historic buildings to new residential complexes. Housing prices in the country began to rise in 2013 after an increase in the volume of issued mortgage loans.

There was a slight downturn during the pandemic, but home prices continue to increase. Over the the last year, house prices have increased by 23%, with the largest increase in the city of Niš. This increase is attributed to an increase in average wages, lower mortgage rates and the stability of the national currency.

The growth of housing construction in Serbia

Recently, housing construction in Serbia has noticeably increased. Construction companies are struggling to meet the demand, as apartments are sold almost instantly after being announced. This creates a favorable environment for new investments in construction.

In the past year, the number of building permits issued has increased by 35%. However, supply is not keeping up with the growing demand. Local developers complain that apartments are selling almost instantly.

Interest in small and cozy towns and villages in Serbia

Foreign investors, especially digital nomads, are not only interested in big cities, but also in small and cozy towns and villages in Serbia, such as Subbotica, Valjevo, Vrsac, Vršac. cities, but also small and cozy towns and villages in Serbia, such as Subbotica, Valjevo, Vrsac, Smederevo, Loznica. These places represent an ideal opportunity for a comfortable life and remote work. work.

Affordable housing in Serbia

Serbia offers a wide range of affordable housing options for both purchase and rent. For example, in small towns, you can find one-bedroom apartments for just 180-200 euros per month, which is much cheaper than in other European countries. Meanwhile, rental prices in the historic part of Belgrade start from 400-500 euros.

For more discerning clients, there are also options available for 1500-1700 euros.

Interesting features of Belgrade and Serbia

Belgrade, the capital of Serbia, has a rich history and culture that beckons residents and tourists. Local cafes and restaurants offer authentic Serbian cuisine and combine the atmosphere of comfort and tradition.

Payment difficulties in Serbia for Russian citizens

Due to the sanctions imposed against Russian banks and the counter-sanctions, making payments to a seller in Serbia from a buyer in Russia has become difficult. However, there is a way to simplify this process - by increasing the limit for transferring currency from a Russian citizen's account in a Russian bank to their foreign account to $50,000. This means that each family member can make such a transfer, allowing them to accumulate the necessary amount in an account at one of the Serbian banks, for example, at "API Bank," which is a former subsidiary of "Sberbank."

Peculiarities of the transaction process

• Realtors note that transfers may be delayed.
• Once the money is transferred to the account in the Serbian bank, you can proceed with the deal.
• A sales contract is signed, and the required amount is transferred to the seller's account.

It is important to consider that there may be fees when transferring between banks. However, in some cases, sellers agree to use one bank to reduce costs.

Advantages of buying from a developer

A simpler and faster option for purchasing is to collaborate with the developer. Money can be transferred directly from a Russian account to the company's account under the contract. There are no restrictions on the amount of foreign currency transfers for legal entities.

Advantages of relocating to Serbia

• Serbia is attractive for relocation due to its friendly residents and historical ties with Russians, Ukrainians, and Belarusians.
• The conditions for obtaining a residence permit in the country are relatively easy, with affordable housing and a low cost of living offered.

In conclusion, I would like to emphasize that the real estate market in Serbia offers unique investment opportunities. investment opportunities. Stable economic development, low cost of living, moderate housing prices, as well as a pleasant climate make this country an attractive place to live and invest in. and pleasant climate make this country an attractive place to live and invest. Thanks to the active development of the real estate market, opportunities to buy apartments from developers are available in various cities, from the capital to small towns. cities, from the capital to smaller towns and cities. This creates a wide range of opportunities for portfolio diversification investment portfolio and capital growth. Stable demand for real estate in the country, as well as growth prospects will make investment in Serbian real estate long-term profitable. In addition, the pleasant atmosphere, the friendly attitude of the of the local population to foreigners, as well as a convenient geographical location make Serbia an attractive place to live and do business. for life and business. If you are considering options for real estate investment outside your home country, Serbia could be a promising choice for you.