Features of the real estate market in Serbia

A lot of Russians settled in Serbia right after the 1917 revolution - King Alexander Karageorgievich hospitably opened the doors of his kingdom to the White emigration, remembering the intercession for the Serbs by Emperor Nicholas II during the First World War. The Russian emigration restored the country almost completely destroyed after the war - our prominent architects, doctors, lawyers, professors and many others moved to Serbia. It was King Alexander who accomplished an unprecedented fact in the history of Russian real estate in the center of Belgrade - he donated land of considerable size in the heart of the Serbian capital, where the first foreign representation of Russian culture in the history of our country was subsequently erected, then the building of the embassy was erected and a few years ago. monument to Nicholas II.

In addition to the fact that our compatriots always meet here with great love, it is quite easy to settle in Serbia. Even if a "boravak" (temporary or permanent residence permit) has not yet been received, all Russian citizens can cross the border of the country every 30 days (the nearest one is on the road to Bosnia and Herzegovina just a couple of hours drive from Belgrade), thereby resetting their stay in the country. Many live like this for years and do not experience much discomfort, but it is certainly safer to permanently reside in Serbia on an official basis. Residence permit on the basis of real estate ownership is given quite easily for a period of six months to 1 year, then an extension is made.

Top 3 Serbia

The largest cities in Serbia are the capital Belgrade, Novi Sad and Nis. As in many countries, most of the population strives to conquer the capital, the population of which, together with the suburbs, numbers about 1.5 million inhabitants. Belgrade is located on both sides of the confluence of two rivers - the Danube and the Sava. The historical center is located quite compactly, thanks to the active participation of Russian architects (for example, Nikolai Krasnov, who built the Livadia Palace and other masterpieces) in the reconstruction of the city after the First World War, fans of the architecture of Central Petersburg will find objects that are pleasing to the eye. On Prince Michael Street (analogous to Moscow's Arbat), the picturesque Krunska Street (concentration of the embassies of all countries of the world) in the very center of the old part of Belgrade, you can buy a medium-sized apartment for 100,000-200,000 euros.

But more often, elite real estate is popular among Russians and representatives of other CIS countries, more budgetary real estate - although it is removed from the city center, however, due to the small scale of the Serbian capital, it is quite possible to get to the heart of the city from almost everywhere in half an hour. In such places, an apartment of 70-80 square meters costs about 70,000 euros, but if you look more hard, you can easily find options for 50,000 euros.

Recently, the historic coastal region of Belgrade Sava-Mala is gaining more and more popularity, which is currently being transformed into the project "Belgrade on the Water". It is funded by businessmen from the UAE and Saudi Arabia, which involves the construction of residential complexes in the style of Moscow City, where 4-room apartments exceed the cost of 500,000 euros.

Novi Sad is not only the capital of the autonomous Serbian region of Vojvodina, but also the cultural center of the country. The local architecture and cuisine bears the Austro-Hungarian heritage. There is a popular university here, where students from all over the country come to study, and all kinds of festivals, exhibitions and much more are held in Novi Sad, so this city is an unequivocal youth center of the country. Moreover, from here in just one hour by car you can reach both Belgrade and Hungary. It is quite possible to find a good apartment in this city for 50,000 euros. It is also very popular to buy houses in the vicinity of Novi Sad, near the Fruska Gora nature reserve, famous for its many monasteries and vineyards. House prices usually start at € 100,000.

Nis is known (or even more appropriate to say that it is unknown) as a city that was previously part of the Roman Empire, where Constantine the Great was born. Today this city in southern Serbia also attracts a significant number of Serbian youth (it is also home to a popular university). At the same time, the private sector occupies a rather significant place here. A small apartment of 30-40 sq.m. in Nis can be purchased for 25,000 - 30,000 euros.

Rentals

The rental price in Belgrade is usually 300-400 euros per month for an apartment with one or two bedrooms near the center. For this money, but in Novi Sad or Nis, you can rent first-class apartments, since for an ordinary apartment of small size here the cost does not exceed 200 euros. If an apartment or house is looked for through real estate agents, then most often the landlord and the tenant pay for the services of the realtor in half - paying him the cost of renting one month for a particular object. The undisputed leader in the world of online real estate search for both rent and purchase is the "Real Estate" section of the Halo Oglasi website . On this resource, it is quite possible even to find an object for rent directly from the owner of the real estate, however, for this you will have to spend more time than resorting to the services of agencies.

The current situation on the Serbian real estate market can be described as very active. For example, in the last six months of 2018, 48,000 properties were sold in the country for a total of 1.6 billion euros. Of this amount, Belgrade accounted for 830 million euros, and Novi Sad - 185 million euros. Compared to the previous year, the number of sales increased by 15% and it is easy to assume that the most transactions were made in Belgrade.