Purchase of real estate in Serbia: process, prices, and for foreigners

Serbia allows foreigners to purchase real estate, and this is one of the pathways to boravak. Let's break down the prices, process, and nuances.

Can Foreigners Buy Property?

Yes. Foreigners can buy apartments and houses in Serbia under the principle of reciprocity (reciprocitet) - this applies to citizens of most countries. Agricultural land is a separate, more complex topic.

Prices (Guidelines for 2026)

Prices vary significantly depending on the city and district. Approximate prices per m²:

• Belgrade: new builds in the city center - 3,000-5,000 €/m² and higher, outskirts and resale - from 1,500-2,500 €/m².
• Novi Sad: 1,800-3,000 €/m² on average.
• Niš, Kragujevac, Subotica: significantly cheaper, often 1,000-1,800 €/m².

Houses in suburbs (e.g., Resnik, Ugrinovac) and small towns can cost significantly less per square meter. For current listings, see the Housing section.

The Buying Process

1. Selecting a property (new build from a developer or resale) - options in the real estate catalog.
2. Verifying legal cleanliness and checking the cadastre extract.
3. Signing a preliminary agreement and paying a deposit (kapara).
4. Signing the main contract with a **notary public (javni beležnik)**.
5. Paying the transfer tax (porez na prenos apsolutnih prava) - for resale; first-time buyers of new builds may qualify for exemptions.
6. Registering ownership rights in the cadastre.

Taxes and Expenses

• Transfer tax - approximately a few percent of the property value (for resale).
• Notary and agency fees (if using an agency).
• Annual property tax.

Real Estate and Boravak

Owning real estate in Serbia can serve as a basis for obtaining boravak. For details on the requirements, see the Documents and Residence Permit section.

In Brief

It is possible for a foreigner to buy an apartment or house in Serbia: select a property in the real estate catalog, verify the cadastre, finalize the deal with a notary, and register ownership rights. The purchase can serve as a basis for obtaining boravak.