Property Investment in Serbia as a Foreigner

Foreigners can buy and sell properties in Serbia. The lease is possible on the principle of reciprocity. If Serbian citizens are allowed to purchase properties in another country, then citizens of that country can also buy properties in Serbia.

The most expensive property in Serbia is in the capital, Belgrade.

€2,900

Average price per 1 m²

2.5%

Average price growth per quarter

2.5—12%

Associated costs, of the property     value

Cost of a 3-bedroom apartment in Serbia

€1.5 million

Apartment with a terrace in Belgrade, in the prestigious area of Savski Venac

€500,000

Apartment in Belgrade, in the central district of Stari Grad

€200,000

Apartment within a 20-minute drive from the centre of Belgrade

Schedule a meeting

Individual selection of investment properties

  • Discuss your tasks and goals

  • Choose between properties from reliable developers

  • Get fully prepared and verified documents for a purchase

Prefer messengers?

whatsapp icon

WhatsApp

Serbia residency or citizenship by real estate investment

Purchasing residential real estate in Serbia leads to obtaining a residence permit. The residence permit is issued for one year with the possibility of renewal, for which it is necessary to live in Serbia for at least 183 days per year.

After 5 years of living in Serbia with a residence permit, one can apply for citizenship.

Discover real estate market trends in 41 European countries

Discover real estate market trends in 41 European countries

  • Master the residency process

  • Get expert tips and documents

  • Estimate costs accurately

Download practical guide
license iconTrusted by 5000+ investors

Taxes and associated costs

Purchase taxes

Property buyers pay a value-added tax for new builds or a transfer tax for resale properties and additional fees. The associated costs are approximately 2.5 to 12% of the purchase agreement value and an additional €350—550.

When buying a house in Serbia worth €500,000, the investor will spend €560,550, including additional costs.

New buildings — VAT10% of the transaction amount
Resale housing — transfer tax2.5% of the transaction amount
Registration fee€50
Notary fee — depends on the transaction amount€300—500
Agency fee — the share paid by the buyer2%

Ownership taxes

Property owners in Serbia pay an annual property tax of no more than 0.4% of the cadastral value. The rate depends on the region, a district within the region, year of construction, area, and cadastral value.

Non-residents pay a 20% income tax on rental yields.

Electricity, gas, water, heating, and garbage collection€150—200 per month
Internet, TV and telephone€40—80 per month

Sale taxes

Sellers pay a capital gains tax of 20% on the difference between the sale and purchase prices.

The agency fee is 2%.

Countries to buy a property and get residency or citizenship

We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.

Country and status
Investments
Status
Time required
mt-flagmt-flag
Malta29 properties

€375,000+

Permanent residency

6+ months

Show 29 properties

€375,000+Permanent residency6+ months
arrowRight icon
gd-flaggd-flag
Grenada44 properties

$270,000+

Citizenship

8+ months

Show 44 properties

$270,000+Citizenship8+ months
arrowRight icon
ae-flagae-flag
UAE158 properties

AED 750,000+

Residence permit

2+ months

Show 158 properties

AED 750,000+Residence permit2+ months
arrowRight icon
es-flages-flag
Spain38 properties

Not limited

Residence permit

4+ months

Show 38 properties

Not limitedResidence permit4+ months
arrowRight icon
pt-flagpt-flag
Portugal68 properties

Not limited

Residency after D Visas

6+ months

Show 68 properties

Not limitedResidency after D Visas6+ months
arrowRight icon

40+ guides with European countries

Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.

tr-flagProperty Investment in Turkey as a Foreigner

Foreigners in Turkey can buy and sell housing and commercial real estate and rent it out. Statistics confirm the liquidity of...

$777

Average price per 1 m²

$400,000+

Real estate investment for citizenship

es-flagProperty Investment in Spain as a Foreigner

The sale of real estate to foreign investors is not limited in Spain: one can buy and sell housing and commercial real estate or rent it...

€1,900

Average price per 1 m²

1.3%

Average price growth per quarter

pt-flagProperty Investment in Portugal as a Foreigner

Portuguese law does not restrict foreigners from acquiring real estate; they have the same rights as citizens of the country. Portugal...

€3,400

Average price per 1 m²

1.9%

Average price growth per quarter

Paul Lauber

Material prepared by Paul Lauber, Consultant, Compliance Anti Money Laundering Officer, certified CAMS

Updated:

Frequently asked questions

  • Can foreigners buy property in Serbia?

    Foreigners in Serbia can freely buy, sell, and rent out real estate on the principle of reciprocity. If citizens of Serbia are allowed to buy real estate in another country, then citizens of that country can also buy real estate in Serbia.

  • How much does a house in Serbia cost?

    The average cost of 1 m² of housing in Serbia is €2,900. The most expensive real estate properties are located in the capital city, Belgrade.

    A three-bedroom apartment on the outskirts of Belgrade will cost at least €150,000, an apartment with the same number of rooms in the centre of Belgrade — at least €500,000, and an apartment with a terrace in a prestigious area, such as Savski Venac — 1.5 million euros or more.

  • Are there property taxes in Serbia?

    Buyers of real estate in Serbia pay a 10% value-added tax for new buildings or a 2.5% transfer tax for secondary real estate.

    Property owners in Serbia pay an annual property tax of 0.2—1% of the cadastral value. The rate depends on the region, the area within the region, the year of construction, the location and the cadastral value. Non-resident landlords in Serbia pay a 20% income tax on rental earnings.

  • Can US citizens buy property in Serbia?

    Yes. The reciprocity principle allows US nationals to freely buy real estate in Serbia.