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

Property Investment in Serbia as a Foreigner

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

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.

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Taxes and associated costs

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

Property investments

Status

Obtaining time

Malta11 properties

€375,000+

Permanent residency

6+ months

Show 11 properties

€375,000+Permanent residency6+ months

Grenada22 properties

$270,000+

Citizenship

8+ months

Show 22 properties

$270,000+Citizenship8+ months

UAE143 properties

AED 750,000+

Residence permit

2+ months

Show 143 properties

AED 750,000+Residence permit2+ months

Spain36 properties

Not limited

Residence permit

4+ months

Show 36 properties

Not limitedResidence permit4+ months

Portugal73 properties

Not limited

Residency after D Visas

6+ months

Show 73 properties

Not limitedResidency after D Visas6+ months

Show all countries

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.

Material prepared by Pavel Reshetnikov, Consultant, Compliance Anti Money Laundering Officer, certified CAMS

Updated:

06 March, 2025

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.