Home Property in Serbia
How to buy a house in Serbia?
Here you will find the detailed information about real estate purchasing in Serbia:
- the right way to choose the property and to effect the deal;
- property taxes and duties that should be paid;
- everything about home loans in Serbia;
- home property management and renting;
- rental, commercial properties and related investment properties.
Real estate for sale
Most recent offers from house owners in Serbia and from real estate agencies. Advertisements with the fixed price and auctions are listed here.
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Over the last years, housing development and property sales have shrunk significantly in Serbia. However, as of 2013, prices for Serbian real estate remained among the highest in the region.
The most expensive property is located in the capital – Belgrade. A square meter here costs around €1800. Prices for villas in premium districts of Belgrade vary between €1.5 and €4 million. The second most expensive city after Belgrade is Novi Sad. Average prices for local apartments with beautiful views on Danube River amount to €1400 per sq. m.
Real property in southern Serbia is considered to be the cheapest in the country. Prices per square meter here vary around €1685 here.
Property purchase process in Serbia is very simple and takes from 2 to 6 months. First of all, it is necessary to sign a preliminary agreement between a buyer and a seller. After that, buyer has to pay a 10 % deposit of property value. Then a notary examines property for encumbrances.
The next step is for both parties to sign a principal sale and purchase agreement. According to Serbian law, this agreement should be signed in the presence of both notary and court interpreter. Another requirement is that it should be signed and attested in Serbian language. Having signed the agreement, the buyer should pay the remaining amount to the seller, and cover all legal expenses.
As soon as all payments are made, it is necessary to register Serbian real estate and add a new owner into the register of a local cadastral office.
Taxes and duties for real estate acquisition in Serbia include the following:
- agency fee – 3 % of the object value;
- investments in Serbian property are imposed by stamp duty, which amounts to 0.05 % of the object value;
- purchasing property on the primary market is imposed by 8 % VAT;
- purchasing property on the secondary market is imposed by a 5 % transfer tax (for foreigners, who are private individuals);
- notary fee – 0.05–1 % of the object value.