Buying an apartment in Serbia: important steps and associated costs

Buying real estate in Serbia: additional expenses

If you are thinking of moving to Serbia, you may have wondered how much it costs to to buy real estate in this country. But apart from the cost of the purchase itself, there are other costs to consider, which can be an unpleasant surprise.

To begin with, if you are planning to buy real estate in Serbia, be prepared for additional costs ranging from 2.5% to 12% of the transaction value, as well as €350-€550. If you are purchasing a new build, you need to add a 10% VAT to the transaction price. When transferring ownership of secondary housing, a tax of 2.5% of the transaction value must be paid. Additionally, there is a registration fee of €50 and a notary fee, which can range from €300 to €500, depending on the terms of the deal. You should also consider a 2% agency commission that the buyer must pay.

Prices and rental properties in Serbia

The average price for an apartment in Serbia ranges from €150,000 to €235,000 for 90 square meters. The cost of renting a one-bedroom apartment in this country is approximately €300-€500 per month, while a three-bedroom apartment costs between €600 and €850. Utility bills in Serbia average around €140 per month, plus an additional €23 for internet.

Mortgage and investments

If you want to buy real estate in Serbia with a mortgage, it is possible both for citizens of this country and for foreigners with residence permit or work permit in the Republic of Serbia. and for foreigners with residence permit or work permit in the Republic of Serbia. Serbian banks issue mortgage loans for a maximum term of up to 40 years.

So, we have covered all the main steps and additional costs associated with the process of buying an apartment in Serbia. This process may seem complicated, but with all the information and the detailed action plan outlined above, it becomes more transparent and understandable. It is important to remember that acquiring real estate in Serbia offers many advantages, including the possibility of obtaining residence permits and subsequent citizenship in the country. Serbia is attractive for real estate investments, and the average housing prices are quite affordable compared to other European countries. Don't hesitate to start the process of purchasing an apartment in Serbia; follow our step-by-step guide and familiarize yourself with the additional costs in advance. In the end, you will become a property owner in a beautiful country where you can enjoy its beauty and the hospitality of the local people.