Authored by the expert who managed and guided the team behind the Serbia Property Pack
Yes, the analysis of Belgrade's property market is included in our pack
If you're a foreigner thinking about buying an apartment in Belgrade, you probably want to know exactly how much it will cost you in 2026.
We've done the work for you by pulling together official transaction data, government statistics, and real market insights so you can plan with confidence.
This article is constantly updated to reflect the latest Belgrade real estate prices and trends.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Belgrade.
Insights
- Belgrade apartment prices average around €2,700 per square meter in early 2026, but that number hides a massive spread where prime areas like Dorćol can cost twice as much as outer neighborhoods like Borča.
- Foreign buyers in Belgrade typically pay 6% to 8% in total closing costs on resale apartments, which is higher than locals face because of extra legal and translation expenses.
- The gap between new-build and resale apartment prices in Belgrade is surprisingly small citywide (around 5%), but in premium locations like Belgrade Waterfront, new developments can command a 30% to 60% premium.
- Most foreigners buying apartments in Belgrade end up as cash buyers because Serbian banks rarely offer mortgages to non-residents, and when they do, they require 30% to 50% down payments.
- Monthly HOA fees in Belgrade can range from €50 for a basic older building to over €350 for a premium serviced complex, so always check this before buying.
- Heating is the biggest utility wildcard in Belgrade, with winter bills potentially tripling your summer costs depending on whether you use district heating, gas, or electric.
- Neighborhoods like Mirijevo, Karaburma, and Borča offer Belgrade apartments at 20% to 35% below the city average, making them popular with first-time buyers.
- Property tax in Belgrade is municipality-administered and typically runs between €150 and €500 per year for a standard apartment, which is quite low compared to Western Europe.
How much do apartments really cost in Belgrade in 2026?
What's the average and median apartment price in Belgrade in 2026?
As of January 2026, the average apartment price in Belgrade is approximately €149,000 (around $162,000 or 17.4 million Serbian dinars) for a typical 55 square meter unit, while the median sits slightly lower at about €138,000 ($150,000 or 16.1 million dinars).
When you look at price per square meter, Belgrade apartments average around €2,700 per square meter ($293 per square foot or 316,000 dinars per square meter), with the median closer to €2,500 per square meter ($271 per square foot or 293,000 dinars per square meter).
Most standard apartments in Belgrade fall within a price range of €100,000 to €250,000 ($109,000 to $272,000 or 11.7 million to 29.3 million dinars), though this varies significantly depending on whether you're looking at outer neighborhoods or the city center.
How much is a studio apartment in Belgrade in 2026?
As of January 2026, a typical studio apartment in Belgrade costs around €75,000 ($82,000 or 8.8 million Serbian dinars) at the median price point.
Entry-level to mid-range studio apartments in Belgrade generally fall between €55,000 and €70,000 ($60,000 to $76,000 or 6.4 to 8.2 million dinars), while high-end or luxury studios in prime areas like Dorćol, Vračar, or Belgrade Waterfront can reach €105,000 to €150,000 ($114,000 to $163,000 or 12.3 to 17.6 million dinars).
Studio apartments in Belgrade, locally called "garsonjere," typically measure around 25 to 35 square meters, with 30 square meters being the most common size on the market.
How much is a one-bedroom apartment in Belgrade in 2026?
As of January 2026, a typical one-bedroom apartment in Belgrade costs approximately €113,000 ($123,000 or 13.2 million Serbian dinars) at the median price level.
Budget-friendly one-bedroom apartments in Belgrade's outer areas range from €85,000 to €105,000 ($92,000 to $114,000 or 9.9 to 12.3 million dinars), while one-bedroom units in premium neighborhoods like Stari Grad or central Vračar can cost €160,000 to €225,000 ($174,000 to $245,000 or 18.7 to 26.3 million dinars).
One-bedroom apartments in Belgrade typically measure between 40 and 50 square meters, with 45 square meters being a very common size for this configuration.
How much is a two-bedroom apartment in Belgrade in 2026?
As of January 2026, a typical two-bedroom apartment in Belgrade costs around €163,000 ($177,000 or 19.1 million Serbian dinars) based on median per-square-meter prices.
Two-bedroom apartments in more affordable Belgrade neighborhoods like Rakovica or outer Palilula range from €120,000 to €145,000 ($130,000 to $158,000 or 14 to 17 million dinars), while luxury two-bedroom units in areas like Savski Venac or premium Novi Beograd blocks can reach €230,000 to €325,000 ($250,000 to $353,000 or 26.9 to 38 million dinars).
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Belgrade.
How much is a three-bedroom apartment in Belgrade in 2026?
As of January 2026, a typical three-bedroom apartment in Belgrade costs approximately €225,000 ($245,000 or 26.3 million Serbian dinars) at the median price point.
Entry-level to mid-range three-bedroom apartments in Belgrade's outer municipalities run between €170,000 and €200,000 ($185,000 to $217,000 or 19.9 to 23.4 million dinars), while high-end three-bedroom units in prime central locations can range from €320,000 to €450,000 or more ($348,000 to $489,000 or 37.4 to 52.7 million dinars).
Three-bedroom apartments in Belgrade typically measure between 80 and 100 square meters, with 90 square meters being a common benchmark for family-sized units.
What's the price gap between new and resale apartments in Belgrade in 2026?
As of January 2026, the price gap between new-build and resale apartments in Belgrade is surprisingly narrow at the citywide level, typically ranging from minus 5% to plus 15%, though in premium micro-markets like Belgrade Waterfront the premium for new construction can reach 30% to 60%.
New-build apartments in Belgrade average around €2,600 per square meter ($282 per square foot or 304,000 dinars per square meter), though this figure is pulled down by the fact that much new construction happens in outer areas rather than the priciest central streets.
Resale apartments in Belgrade actually average slightly higher at roughly €2,700 per square meter ($293 per square foot or 316,000 dinars per square meter) citywide, which reflects the concentration of existing stock in more established central neighborhoods.
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Can I afford to buy in Belgrade in 2026?
What's the typical total budget (all-in) to buy an apartment in Belgrade in 2026?
As of January 2026, the typical all-in budget to buy a standard €150,000 apartment in Belgrade is approximately €159,000 to €162,000 ($173,000 to $176,000 or 18.6 to 19 million Serbian dinars) for a resale property, or around €155,000 to €158,000 ($168,000 to $172,000 or 18.1 to 18.5 million dinars) for a new-build from a developer.
Beyond the purchase price, buyers in Belgrade need to budget for property transfer tax (2.5% on resale units), notary and registration fees, agency commission (often around 2%), and for foreigners especially, legal review and sworn translation services that can add €800 to €2,000.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Belgrade property pack.
You can also read our dedicated blog article to understand what you can at different budget levels in Belgrade.
What down payment is typical to buy in Belgrade in 2026?
As of January 2026, the typical down payment to buy an apartment in Belgrade is 20% for Serbian residents with standard bank financing, which means around €30,000 ($33,000 or 3.5 million dinars) on a €150,000 property, though foreigners often need to pay 30% to 50% down or purchase entirely in cash.
Most Serbian banks require a minimum down payment of 20%, though special programs referenced by the National Bank of Serbia can allow as low as 10% for qualifying buyers.
For foreigners looking to secure a mortgage in Belgrade, a recommended down payment of at least 30% to 50% is realistic because banks apply stricter internal policies for non-residents, and many foreign buyers ultimately find it easier to purchase with 100% cash.
You can also read our latest update about mortgage and interest rates in Serbia.
We made this infographic to show you how property prices in Serbia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
Which neighborhoods are cheapest or priciest in Belgrade in 2026?
How much does the price per m² for apartments vary by neighborhood in Belgrade in 2026?
As of January 2026, the price per square meter for apartments in Belgrade ranges dramatically from around €1,800 per square meter ($195 per square foot or 211,000 dinars per square meter) in the most affordable outer areas to €5,000 or more per square meter ($541 per square foot or 585,000 dinars per square meter) in the most exclusive central locations.
The most affordable neighborhoods in Belgrade for apartment buyers include Borča in outer Palilula, Batajnica and Altina in outer Zemun, and Vidikovac or Kneževac in Rakovica, where prices typically run €1,800 to €2,400 per square meter ($195 to $260 per square foot or 211,000 to 281,000 dinars per square meter).
The most expensive neighborhoods in Belgrade include Dorćol and the Kalemegdan area in Stari Grad, the area around Hram Svetog Save in Vračar, Belgrade Waterfront and Senjak in Savski Venac, and select premium blocks in Novi Beograd, where prices often reach €3,500 to €5,000 or more per square meter ($379 to $541 per square foot or 410,000 to 585,000 dinars per square meter).
By the way, we've written a blog article detailing what are the current best areas to invest in property in Belgrade.
What neighborhoods are best for first-time buyers on a budget in Belgrade in 2026?
As of January 2026, the top three neighborhoods best suited for first-time buyers on a budget in Belgrade are Mirijevo in Zvezdara, Borča in Palilula, and Vidikovac in Rakovica, all of which offer significantly lower prices than the city average.
In these budget-friendly Belgrade neighborhoods, typical apartment prices range from €55,000 to €120,000 ($60,000 to $130,000 or 6.4 to 14 million dinars) depending on size and condition, with per-square-meter prices running 20% to 35% below the citywide median.
These neighborhoods offer first-time buyers in Belgrade good public transport connections, established local shops and services, parks and green spaces, and a mix of older and newer apartment buildings to choose from.
The main trade-off of buying in these budget-friendly Belgrade neighborhoods is the longer commute time to the city center, which can be 30 to 45 minutes or more during rush hour depending on traffic and transport options.
Which neighborhoods have the fastest-rising apartment prices in Belgrade in 2026?
As of January 2026, the top three neighborhoods with the fastest-rising apartment prices in Belgrade are Novi Beograd, parts of Čukarica near new development projects, and Savski Venac driven by the Belgrade Waterfront mega-development.
These fast-appreciating Belgrade neighborhoods have seen estimated year-over-year price increases of 8% to 15%, with some micro-locations near major infrastructure or new construction clusters experiencing even stronger growth.
The main driver behind rapid price growth in these Belgrade neighborhoods is a combination of new infrastructure investment, premium new-build supply attracting wealthier buyers, and spillover demand from people priced out of the traditional city center.
You can also read our latest update about property price forecasts in Belgrade.
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What extra costs will I pay on top of the apartment price in Belgrade in 2026?
What are all the buyer closing costs when you buy an apartment in Belgrade?
The estimated total buyer closing costs for a typical €150,000 apartment purchase in Belgrade run between €9,000 and €12,000 ($9,800 to $13,000 or 1.1 to 1.4 million Serbian dinars) for resale properties, or €5,250 to €8,250 ($5,700 to $9,000 or 614,000 to 965,000 dinars) for new-build purchases.
The main categories of closing costs buyers must pay in Belgrade include property transfer tax (on resale units), notary and contract solemnization fees, cadastre registration and administrative fees, buyer's agent commission, and for foreigners, legal review and sworn translation services.
The largest closing cost expense for buyers in Belgrade is typically the property transfer tax at 2.5% of the purchase price on resale apartments, followed closely by the buyer's agent commission which commonly runs around 2%.
Some closing costs in Belgrade are negotiable, particularly the buyer's agent commission which varies by agency and can sometimes be reduced, while government fees like the transfer tax and registration charges are fixed by regulation.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Belgrade?
The estimated typical percentage of the purchase price that buyers should budget for closing costs in Belgrade is 6% to 8% for resale apartments, or 3.5% to 5.5% for new-build properties purchased directly from developers.
The realistic low-to-high percentage range that covers most standard Belgrade apartment transactions is 3.5% on the low end for a straightforward new-build purchase with minimal extras, up to 8% or slightly more on the high end for a resale unit where the buyer uses an agent and requires significant legal or translation support.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Belgrade.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Serbia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What are the ongoing monthly and yearly costs of an apartment in Belgrade in 2026?
What are typical HOA fees in Belgrade right now?
HOA fees (locally called building maintenance or "naknada za održavanje") are standard for apartment buildings in Belgrade, with typical monthly fees ranging from €50 to €210 ($54 to $228 or 5,850 to 24,570 Serbian dinars) for a 60 square meter apartment depending on building type and amenities.
The realistic range of HOA fees in Belgrade runs from around €0.80 to €1.50 per square meter monthly ($0.09 to $0.16 per square foot or 94 to 176 dinars per square meter) for basic older buildings, up to €3.50 to €6.00 or more per square meter monthly ($0.38 to $0.65 per square foot or 410 to 702 dinars per square meter) for newer buildings with elevators, security, and premium serviced complexes.
What utilities should I budget monthly in Belgrade right now?
The estimated total monthly utility cost for a typical 60 square meter apartment in Belgrade is around €100 to €200 ($109 to $217 or 11,700 to 23,400 Serbian dinars) depending on season, heating type, and usage patterns.
The realistic range of monthly utility costs in Belgrade varies from roughly €70 to €120 ($76 to $130 or 8,190 to 14,040 dinars) during mild months, up to €150 to €280 ($163 to $304 or 17,550 to 32,760 dinars) or more during winter heating season for larger apartments or those relying on electric heating.
The specific utilities included in a typical Belgrade monthly budget are electricity, water and sewerage, heating (district, gas, or electric depending on building), and internet or telecommunications.
Heating tends to be the most expensive utility for apartment owners in Belgrade, with winter months potentially tripling your baseline costs depending on whether you have efficient district heating, natural gas, or rely on electricity.
How much is property tax on apartments in Belgrade?
The estimated typical annual property tax for a standard owner-occupied apartment in Belgrade is between €150 and €500 ($163 to $543 or 17,550 to 58,500 Serbian dinars), though this varies based on location, assessed value, and municipality.
Property tax in Belgrade is administered at the municipality level and calculated based on the assessed market value of the property, the zone within the municipality, and whether the property is owner-occupied or not, with rates and brackets varying between Belgrade's different municipalities.
The realistic range of annual property tax in Belgrade extends from around €100 ($109 or 11,700 dinars) for modest apartments in lower-value zones to €800 or more ($869 or 93,600 dinars) for larger or more valuable properties in prime locations.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Belgrade.
What's the yearly building maintenance cost in Belgrade?
The estimated typical yearly building maintenance cost for a 60 square meter apartment in Belgrade is around €700 to €2,500 ($761 to $2,717 or 81,900 to 292,500 Serbian dinars), depending on building type, age, and whether major works are planned.
The realistic range of yearly maintenance costs in Belgrade runs from roughly €600 to €1,000 ($652 to $1,087 or 70,200 to 117,000 dinars) for basic older buildings with minimal shared amenities, up to €2,000 to €4,000 ($2,174 to $4,348 or 234,000 to 468,000 dinars) or more for newer complexes with elevators, garages, landscaping, and potential special assessments for major repairs.
Expenses typically included in building maintenance costs in Belgrade cover common area cleaning, elevator maintenance and inspections, stairwell lighting, minor repairs to shared infrastructure, and contributions to a reserve fund for larger future works like facade renovation or roof repairs.
In most Belgrade apartment buildings, regular building maintenance costs are collected as part of or alongside the monthly HOA fees, though special assessments for major capital works like facade or roof repairs are typically billed separately when approved by the building assembly.
How much does home insurance cost in Belgrade?
The estimated typical annual home insurance cost for an apartment in Belgrade is between €80 and €250 ($87 to $272 or 9,360 to 29,250 Serbian dinars) for standard coverage, which is considerably cheaper than comparable insurance in Western Europe or North America.
The realistic range of annual home insurance costs in Belgrade extends from around €80 to €150 ($87 to $163 or 9,360 to 17,550 dinars) for basic apartment and contents coverage, up to €250 to €500 ($272 to $543 or 29,250 to 58,500 dinars) or more for broader coverage with higher insured values or additional features like assistance services.
Home insurance for apartments in Belgrade is generally optional unless required by a mortgage lender, though many owners choose to purchase coverage for peace of mind against risks like fire, water damage, and theft.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Belgrade, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Republic Geodetic Authority (RGZ) - Q3 2025 Report | Serbia's official land registry tracking actual recorded transactions. | We used this for Belgrade transaction prices per square meter and new versus resale splits. We treat it as ground truth since it's based on actual deals, not listings. |
| RGZ Annual Real Estate Market Report 2024 | Official yearly summary of nationwide and city-level transactions. | We used this to anchor neighborhood and municipality price differences across Belgrade. We relied on it as a longer baseline so one quarter doesn't mislead our analysis. |
| RGZ Apartment Price Index Q2 2025 | Official price index used for macro and financial stability monitoring. | We used this to project Q3 2025 transaction levels forward into early 2026. We relied on it only for trend math, not absolute price levels. |
| Statistical Office of Serbia (SORS) - Dwellings Methodology | Serbia's official statistics agency explaining housing data production. | We used this to verify what's included in new construction prices. We relied on it to justify why our new-build benchmarks are comparable over time. |
| SORS - Prices of New Construction Dwellings H1 2024 | Official publication with consistent definitions and nationwide coverage. | We used this to cross-check new-build price levels in Belgrade municipalities. We relied on it as a second official lens on new-build pricing. |
| National Bank of Serbia - Current Exchange Rates | Central bank reference rates used for official currency conversions. | We used this to convert dinar statistics into euro equivalents. We relied on it to keep conversions consistent across all sections. |
| National Bank of Serbia - Average Exchange Rates | Official averaged rates that reduce daily volatility noise. | We used this to set stable euro to dinar rates for late 2025 into early 2026 comparisons. We relied on it to avoid cherry-picking any single day's rate. |
| NBS Youth Housing Loan Programme Note | Official central bank communication about mortgage market standards. | We used this to anchor what banks treat as standard minimum down payments. We then adjusted upward for foreigners based on typical bank policies. |
| KPMG Serbia Tax Overview | Top-tier professional services firm summarizing local tax law. | We used this to validate transfer tax versus VAT treatment in buyer costs. We relied on it as a legal cross-check for transaction expenses. |
| CMS Expert Guide to Real Estate - Serbia | Major international law firm providing regularly updated transaction guides. | We used this to triangulate buyer closing costs including taxes, notary, and registration fees. We relied on it to keep all-in budget estimates realistic for foreign buyers. |
| EPS (Elektroprivreda Srbije) - Electricity Prices | Dominant utility with publicly documented regulated household rates. | We used this to justify that electricity costs are regulated in Serbia. We relied on it as the reference when providing monthly electricity budget ranges. |
| Belgrade Waterworks (BVK) - Price List January 2026 | Official city utility provider with published tariffs and effective dates. | We used this to price water and sewer costs as of January 2026. We relied on it to turn vague utility advice into concrete monthly budget lines. |
| Energy Agency of Serbia (AERS) - Heating Cost Study 2025/2026 | National energy regulator publishing standardized cost comparisons. | We used this to estimate heating season costs for a 60 square meter apartment. We then scaled the figures up or down for different apartment sizes. |
| Beogradske Elektrane - District Heating Tariffs | Official city heating utility explaining billing structure and rates. | We used this to explain how Belgrade district heating is billed. We relied on it to interpret what appears on typical monthly utility bills. |
| Dunav Osiguranje - Home Insurance | One of Serbia's largest insurers with standard retail products. | We used this as a reference point for typical apartment insurance coverage in Serbia. We relied on it to justify realistic premium ranges for Belgrade. |
| Generali Serbia - Home Insurance | Major international insurer with established local Serbian offerings. | We used this to triangulate coverage features and service options. We relied on it as a second insurer benchmark so estimates aren't tied to one company. |
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Serbia. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
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