Real Estate in Serbia

Yes, foreigners can buy property in Serbia with very few restrictions. The exception is agricultural land — it can only be acquired by setting up a company in Serbia.

The average price per m² in Belgrade starts from €2,500, in Novi Sad — about €1,800, and in regions and resorts — from €1,000. New builds in the capital are more expensive than resales.

The process includes signing a preliminary contract, due diligence before a notary, and registering the transaction in the cadastral registry. The deal can be completed remotely via power of attorney.

Yes, purchasing property grants the right to a 1-year temporary residence permit, renewable. It’s a convenient way to live legally in the country and apply for PR after several years.

The purchase tax is 2.5% of the property price. The annual ownership tax is 0.3–0.6% of the cadastral value.

Some Serbian banks lend to non-residents with a 30–40% down payment and proof of income. Interest rates start from 5% per annum.

Yes. Payment can be made via international bank transfer in euros or through intermediary settlement arrangements. The key is to prove the source of funds so the bank doesn’t block the transaction.

Yes, non-residents can open personal or investment accounts in Serbian banks. Typically required: a passport, proof of address, and proof of income. The account can be used to purchase property or transfer funds from abroad.