Description of Serbia
Belgrade has been recognised globally as a city with a serious amount of potential that’s slowly starting to be realised. Despite a fair few conflict-born scars still remaining, Serbia as a whole has a highly strategic position in Central Europe and a booming tourism industry. From an investor’s point of view, buying in Serbia is relatively simple and buying fees are average – a 10 per cent VAT charge is payable on all new-build properties. Also interesting to note is how residential property in Serbia is bought and sold in Euros, despite the national currency being the Serbian dinar. City centre rent yields in Belgrade are less than spectacular, though a glaring lack of high-end housing (one currently being addressed) has resulted in huge investment in new-build blocks. Could Serbia be taking its first steps toward something pretty big?
Current Property Prices in Serbia
How to Buy Overseas Property Safely
Key Facts:Currency: RSD
Time Zone: CET (UTC+1)
Languages: Serbian language
GDP: $42.648 billion