Authored by the expert who managed and guided the team behind the Serbia Property Pack
Everything you need to know before buying real estate is included in our Serbia Property Pack
Are you considering expanding your real estate portfolio in a promising European market? Curious about the economic and lifestyle benefits of investing in Serbia? Wondering why 2025 is the perfect year to make your move?
We will lay down recent insights, backed by comprehensive research and expert analysis. Here, no guesswork, we rely only on solid data to present 20 compelling reasons to buy property in Serbia in 2025.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Serbia Property Pack
1) Serbian diaspora drives up property demand and prices by investing back home
The Serbian diaspora is a major player in the country's real estate market, driving up demand and prices.
Many Serbs living abroad send money back home, and these remittances have historically been a big part of Serbia's economy. This financial support means the diaspora has a strong economic influence, especially in real estate. In cities like Belgrade and even smaller towns, they hold a significant share of the market.
In some areas, up to 40% of properties are bought by Serbs from abroad. They often look for modern residential complexes with top-notch amenities, which are becoming more common in Serbia. This preference is shaping the types of properties being developed.
The real estate market in Serbia has been growing, and diaspora investments are a big reason why. This growth has led to higher property prices, particularly in urban areas. Yet, compared to Western Europe, Serbia's property prices remain affordable, making it an attractive option for those looking to invest.
For the diaspora, buying property in Serbia is not just about investment; it's also about maintaining a connection to their roots. This emotional tie adds another layer to their purchasing decisions, further boosting demand.
As more Serbs abroad look to invest back home, the real estate market continues to evolve, with new developments catering to their tastes and preferences. This trend is likely to persist, keeping the market dynamic and competitive.
Sources: World Bank, Serbia Business, eKapija
2) Serbia's prime European location drives trade and business growth fueling high property demand
Serbia's prime spot in Europe has turned it into a key hub for trade and business, driving up property demand.
In recent years, Serbia has experienced a noticeable increase in Foreign Direct Investment (FDI), especially in the industrial real estate sector. This trend is expected to continue, with foreign investments anticipated in the hotel and housing sectors in 2025. Serbia's central position in the Balkans makes it a natural gateway for trade with both the European Union and other regional countries.
The country has secured bilateral free-trade agreements with major players like the EU, Eurasian Economic Union, Turkey, and the United Kingdom. These agreements make Serbia an attractive trade partner and a prime business location. Infrastructure development projects, such as the rapid development of road infrastructure, are accompanying the construction of industrial real estate.
This makes Serbia an appealing spot for logistics and manufacturing. Multinational companies are setting up shop in Serbia due to its excellent geostrategic position and access to the EU market, further driving the demand for commercial real estate. The ongoing infrastructure projects are not just about roads; they are about creating a seamless connection for businesses to thrive.
Serbia's strategic location in Europe makes it a hub for trade and business, boosting property demand. The country's central position in the Balkans facilitates trade with both the European Union and other regional countries. The country has concluded bilateral free-trade agreements with the EU, Eurasian Economic Union, Turkey, the United Kingdom, and North Ireland, among others.
These agreements enhance Serbia's attractiveness as a trade partner and business location. Infrastructure development projects, such as the rapid development of road infrastructure, are accompanying the construction of industrial real estate. This makes Serbia an attractive location for logistics and manufacturing. Additionally, multinational companies are establishing operations in Serbia due to its excellent geostrategic position and access to the EU market, further driving the demand for commercial real estate.
Sources: Trade.gov, Property Forum, RAS
Everything you need to know is included in our Pack for Serbia
3) EU talks will boost Serbia's property values as integration advances
Serbia's path to EU membership is stirring excitement in the property market.
When countries like Poland and Croatia joined the EU, their real estate markets boomed. Serbia might be next in line for this kind of growth. As Serbia moves closer to EU integration, property values are expected to rise, making it a potentially lucrative time to invest.
Foreign investors are already taking notice. Since Serbia started its EU talks, there's been a noticeable uptick in foreign investment, especially in commercial real estate. Both local and international investors are eyeing office spaces and retail properties, signaling a bright future for property values.
Economic forecasts are also encouraging. The European Bank for Reconstruction and Development (EBRD) predicts that Serbia's GDP will grow by 4% by 2025. This economic boost is likely to positively impact various sectors, including real estate, further enhancing property values.
In Belgrade, the capital, there's a buzz around new developments. Areas like Savamala and Dorćol are becoming hotspots for investors, with trendy cafes and art spaces popping up. This urban renewal is a sign of the city's growing appeal and potential for property appreciation.
As Serbia continues its EU journey, the property market is poised for transformation. Investors looking for opportunities might find Serbia's evolving landscape particularly enticing, with the promise of rising property values as integration progresses.
Sources: Serbia Report 2024, Financial Mirror, EBRD News
4) Serbia's growing film industry demands more temporary housing for incoming professionals
Serbia's film industry is booming, with investments in audio-visual content skyrocketing 130 times since 2010.
This surge is largely due to the Serbian government's smart incentives, like a 30% return on eligible costs for big projects and a 20% return for special-purpose films. These perks have turned Serbia into a hotspot for international filmmakers.
In 2023, the local box office saw a 27% jump in revenue compared to the previous year, thanks to hits like "Guardians of the Formula." This uptick is a clear sign of the industry's growing appeal.
Serbia's creative industries are thriving, contributing around 6.5% to the GDP and employing a significant chunk of the young, educated workforce. This boom is creating a demand for skilled film professionals.
With more film projects rolling in, there's a rising need for temporary housing for these professionals. This demand is reshaping the real estate market, offering new opportunities for property buyers.
Sources: Box Office Pro, UNESCO, Serbia Business
5) Tourism growth in Serbia boosts short-term rental demand in cities like Belgrade
Tourism in Serbia is booming, especially in vibrant cities like Belgrade.
In August 2024, Serbia welcomed 282,070 foreign tourists, marking an impressive 11.6% increase in arrivals. This surge highlights Serbia's growing charm as a travel hotspot. Belgrade, with its lively nightlife and rich history, is a major draw for these visitors.
Short-term rentals in Belgrade are thriving, with a median occupancy rate of 64% from 2023 to 2024. This steady demand is reflected in the 5,099 active Airbnb listings available as of September 2024, offering tourists a variety of options to choose from.
Tourists are willing to pay for the experience, with the average daily rate for rentals at $54. This price point underscores the high demand and the value visitors place on staying in the heart of the action.
Serbia's tourism revenue hit a record €1.6 billion in 2024, fueled by the influx of tourists drawn to the country's affordability and vibrant lifestyle. Belgrade's mix of culture, history, and modern amenities makes it a top choice for travelers.
Sources: Travel and Tour World, Airbtics, Relocation Serbia
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6) Serbia's government provides incentives making real estate investment highly attractive for foreigners
The Serbian government is making real estate investment very appealing for foreign investors.
In recent years, Serbia has attracted EUR15.9 billion in Foreign Direct Investment, with a significant chunk going into real estate. This surge is largely due to the government's enticing incentives. For instance, they offer financial grants for creating jobs and exemptions from customs duties when importing eco-friendly equipment. These perks make Serbia a hot spot for investors looking to dive into the property market.
Another attractive feature is the ten-year corporate income tax holiday for major investments. This tax break is a big draw for those considering substantial financial commitments in Serbia. The government also provides special cash grants for both greenfield and brownfield projects, further enhancing the appeal of investing in Serbian real estate.
Buying property in Serbia has become much simpler for foreigners. The government has streamlined the property ownership process, ensuring clear timelines and straightforward steps for document submission. This efficiency in handling paperwork and approvals makes it easier for investors to secure their desired properties.
These efforts have not only boosted the real estate market but have also made Serbia a financially attractive destination for foreign investors. The combination of incentives and simplified processes is a winning formula for those looking to invest in the country.
Sources: Chambers Practice Guides, Statista, Wolf Theiss
7) Serbia's booming wine industry attracts tourists and drives up demand for nearby properties
Serbia's wine industry is experiencing a remarkable growth trajectory, especially in recent years.
In 2023, the market saw a 14.7% annual growth rate since 2019, with revenue hitting approximately €71 million. This boom is expected to continue, with projections suggesting revenue could reach around €80 million by 2028. The focus on quality over quantity has been crucial, as Serbian wines have snagged numerous awards in global competitions.
The number of wineries and vineyards in Serbia is on the rise, reflecting the industry's expansion and investment. In 2023, there were 338 hectares of planted vineyards, with more young vines yet to mature. This vineyard growth is matched by an increase in wineries, like the Matalj Winery, which has gained international recognition.
Wine tourism is now a major draw in Serbia, attracting thousands of tourists each year. Wineries such as Zvonko Bogdan and Aleksandrović have become popular spots, thanks to the development of wine routes and tours. Events like the Interfest International Wine Festival further promote wine culture, drawing both producers and visitors.
For those considering buying property in the country, the booming wine industry is a promising sign. The growth in wine tourism is boosting demand for nearby properties, making it an attractive investment opportunity.
With the wine industry thriving, Serbia is not just a place to enjoy a good glass of wine but also a potential hotspot for property investment. The increasing popularity of wine routes and festivals is enhancing the appeal of the region, making it a vibrant place to live or invest.
Sources: Serbia Wine Industry Outlook 2024-2028, Decanter, Vinopedia
8) Serbia's vibrant festivals and nightlife in Belgrade boost demand for accommodation
Serbia's festivals and nightlife, especially in cities like Belgrade, are a huge draw for visitors worldwide.
Take the EXIT Festival, for example, which in 2023 attracted over 200,000 visitors from 120 countries. This surge of tourists not only boosts the local economy but also puts Serbia on the global tourism map. The festival's popularity is a testament to Serbia's vibrant cultural scene, making it a hotspot for international travelers.
Belgrade's nightlife is another major attraction, particularly in the Savamala district, which has become a cultural and entertainment hub. This area is buzzing with energy, offering a mix of trendy bars, clubs, and art spaces. It's no wonder that young tourists and locals flock here, seeking a taste of the city's dynamic atmosphere.
The demand for accommodations in Belgrade is on the rise, thanks to the influx of international visitors. In August 2024, there was an 11.6% increase in foreign tourist arrivals, totaling 282,070 visitors. This growth is mirrored in the rising number of overnight stays by foreign tourists, highlighting the city's appeal as a travel destination.
Belgrade's international recognition, such as being rated as one of the top ten most inspiring places by The Guardian, further enhances its allure. This kind of attention not only attracts more visitors but also encourages investment in the hospitality sector, leading to a variety of hotels and short-term rentals popping up to meet the demand.
With its lively festivals and bustling nightlife, Serbia, particularly Belgrade, is becoming a must-visit destination. The city's ability to draw in crowds from all over the world is a testament to its unique charm and vibrant cultural offerings.
Sources: EXIT Festival Research, Adventourely, Travel and Tour World
Everything you need to know is included in our Property Investment Pack for Serbia
9) Serbia's low property taxes boost investor net returns over other European countries
Serbia's property taxes are among the lowest in Europe, making it a hotspot for real estate investors.
In 2023 and 2024, Serbia's property tax rate was just 0.58% of the private capital stock, which is significantly lower than in many other European countries. This low rate is a major draw for investors looking to maximize their returns.
According to Deloitte's Property Index 2024, Serbia not only boasts low property taxes but also some of the lowest average transaction prices for new dwellings in Europe. This means investors can enjoy lower operational costs, which translates to higher net returns.
Financial experts often highlight that countries with low property taxes, like Serbia, allow investors to retain more of their rental income. This results in higher gross rental yields, making Serbia an attractive option for foreign investors.
The World Bank's Serbia Policy Notes emphasize the country's efforts to create a favorable business environment through low taxes. This strategy has been successful in drawing in foreign investors who are keen on maximizing their profits.
Sources: Tax Foundation, Deloitte, World Bank
10) Serbia's booming IT sector is driving demand for housing among young professionals
The IT sector in Serbia is booming, with exports hitting €1.9 billion in 2024, a 19% jump from the previous year.
Big names like Microsoft and Google have set up shop here, creating a magnet for young professionals eager to dive into tech. The Serbian government is also in on the action, building science and technology parks to support this growth, offering cutting-edge facilities for innovative businesses.
Serbia is not just attracting local talent; it's pulling in foreign IT professionals and digital nomads too. This influx shows that Serbia is becoming a hotspot for young tech enthusiasts. These professionals often prefer city life, which is why rental demand is soaring in Belgrade and Novi Sad.
Young professionals are drawn to Serbia's vibrant tech scene, which is rapidly expanding. The country's tech ecosystem is becoming a preferred destination, offering a dynamic environment for growth and innovation.
Urban areas are buzzing with activity, thanks to the growing number of tech-savvy individuals. This trend is reshaping the housing market, with more people looking for places to live in bustling city centers.
With the IT sector's rapid expansion, Serbia is positioning itself as a key player in the tech world. This growth is not only creating job opportunities but also transforming the real estate landscape, making it an exciting time for potential property buyers.
Sources: Intellinews, EBRD, Esteri, Adriahost
11) Serbia's cultural heritage and festivals boost tourism and drive up rental property demand
Serbia's vibrant cultural heritage and festivals are drawing more tourists, boosting the demand for rental properties.
In 2023, Belgrade welcomed 1.38 million visitors, a significant 17% increase from the previous year. This surge was largely fueled by international tourists, with nearly 1.19 million coming from abroad, marking a 21% jump from 2022. The city's lively atmosphere and rich history make it a top destination for travelers seeking unique experiences.
Events like the EXIT Festival and the Guca Trumpet Festival are key attractions, pulling in crowds from all over the world. While exact attendance numbers for 2023 and 2024 aren't available, these festivals are known for their massive draw, showcasing Serbia's cultural vibrancy and boosting the demand for short-term rentals during these periods.
During festival seasons, short-term rental occupancy rates soar, highlighting the impact of these cultural events. Property owners often report high rental yields during these times, a testament to the clear demand for accommodations. This trend is echoed by property owners who have successfully invested in rental properties, capitalizing on the influx of tourists.
For those considering buying property in Serbia, the thriving tourism scene offers promising opportunities. The consistent influx of visitors, especially during festival seasons, ensures a steady demand for rentals. This makes investing in Serbian real estate an attractive option for those looking to tap into the country's growing tourism market.
Sources: Tourism in Serbia - Wikipedia, Art and culture, an investment for Serbia's future, Serbia's Tourism Boom in 2024, Belgrade's Tourism Booms with Over 1.3 Million Visitors in 2023
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12) Serbia is driving digital growth to attract tech workers who need housing
The Serbian government is heavily invested in digital transformation to attract tech workers who need housing.
Since 2017, Serbia has been pouring resources into e-government and digital services to streamline public services. This isn't just about convenience; it's a strategic move to lure tech companies and their employees. With a focus on improving digital infrastructure, Serbia is positioning itself as a tech-friendly nation.
Belgrade and Novi Sad are now buzzing with tech startups, thanks to the government's active support. By offering incentives and better infrastructure, Serbia has created a vibrant ecosystem that draws tech talent and investors globally. This growth is not just limited to these cities but is spreading across the country.
Tech parks and innovation hubs are popping up in various regions, providing the necessary infrastructure and support for startups. These hubs make Serbia an appealing destination for tech professionals looking for a supportive environment. As these workers flock to urban areas, the demand for housing is naturally on the rise.
With more tech workers moving in, the housing market is seeing a surge in demand. This influx is creating opportunities for property buyers, especially in urban centers where tech companies are setting up shop. The government's focus on digital transformation is not just about tech; it's reshaping the real estate landscape too.
For anyone considering buying property in Serbia, now might be the time. The government's efforts in digital transformation are not only attracting tech talent but also driving up the need for housing. This trend is likely to continue as Serbia cements its place as a tech hub.
Sources: Startup Ecosystem Development Strategy, World Bank Blog, Microsoft News
13) Serbia's booming startup scene draws entrepreneurs seeking housing
Serbia's startup scene is booming, especially in Belgrade and Novi Sad.
In recent years, these cities have become tech hotspots, with their ecosystems valued at $911 million from mid-2021 to the end of 2023. This growth is attracting more entrepreneurs to set up shop in Serbia. The presence of big players like Microsoft, which has been in Serbia for years, is a testament to the country's potential. They contribute to advanced tech development and employ hundreds, making Serbia a magnet for tech talent.
Foreign investments are pouring in, with the European Bank for Reconstruction and Development focusing on private-sector competitiveness and sustainable infrastructure. This influx of capital makes Serbia an attractive destination for entrepreneurs looking to start or expand their businesses. The Serbian government is also playing a crucial role by implementing strategies to boost the startup scene, aiming to significantly increase the number of startups by 2025.
Government support includes improving infrastructure, offering educational programs, and enhancing financing mechanisms for startups. This creates a conducive environment for entrepreneurs who need a supportive ecosystem to thrive. As a result, the demand for rental properties in tech hubs like Belgrade and Novi Sad is on the rise, driven by the influx of entrepreneurs and tech talent.
The increase in co-working spaces in these areas further supports this trend, indicating a thriving entrepreneurial environment. This vibrant community attracts both local and international talent, making Serbia a hotspot for innovation. The growing startup scene is not just about tech; it's about creating a dynamic environment where new ideas can flourish.
Sources: Belgrade and Novi Sad's Tech Ecosystem By the Numbers, Financial Times Special Report: Investing in Serbia, EBRD Forecasts Accelerating Growth for Serbia in 2024
14) Serbia's improving healthcare boosts its appeal for living and investment
Serbia's healthcare system is on the rise, making it an appealing spot for living and investing.
In recent years, the Serbian government has been pouring resources into healthcare, with 12 million euros earmarked for modernizing labs in cities like Belgrade, Nis, and Kragujevac. This investment isn't just about new buildings; it's about bringing in cutting-edge tech, including artificial intelligence, to digitize these facilities.
Medical technology in Serbia is also seeing a boost. The market for medical equipment is expanding, which means more advanced diagnostic tools like MRIs and scanners are becoming available. The Ministry of Health is keen on Public-Private Partnerships to upgrade medical centers, showing a real push towards better medical tech.
International partnerships are a big part of this progress. The UAE is looking at ways to team up with Serbia to enhance health technology and bring in innovative healthcare solutions. This kind of collaboration is all about improving health services quality and making the healthcare system stronger.
These efforts are not just about better equipment; they're about creating a healthcare environment that attracts international interest and investment. With these advancements, Serbia is positioning itself as a hub for healthcare innovation, drawing in both investors and new residents.
For anyone considering a move or investment in Serbia, these healthcare improvements are a significant factor. The country's commitment to enhancing its healthcare infrastructure and technology is a clear sign of its potential as a thriving place to live and invest.
Sources: UNDP Serbia, Export.gov, BioSpectrum Asia
Everything you need to know is included in our Real Estate Pack for Serbia
15) New highways and railways in Serbia boost property values
Serbia's infrastructure improvements are boosting property values significantly.
With a hefty €7.12 billion investment from 2024 to 2027, the Serbian government is transforming the country's transport infrastructure. This investment is not just about building roads; it's about making travel more reliable and areas more accessible, which is a big draw for potential property buyers. Imagine being able to zip across the country on new highways, making weekend getaways or daily commutes a breeze.
Take the Morava Corridor Motorway, for example. This major highway project connects Central Serbia with key European corridors, enhancing regional connectivity. By the end of 2024, Serbia's highway network was set to expand with new routes like the one linking Šabac and Loznica, expected to be ready by the end of 2025. These improvements mean easier and faster commutes, a huge plus for anyone considering buying property in these newly connected areas.
But it's not just about roads. Serbia is also modernizing its railways, like the Serbia-Bosnia rail project. By boosting train speeds and upgrading signaling devices, these projects make regions more appealing for residential and commercial property investments. This kind of development often leads to rising property prices, as seen in the growth of Serbia's construction sector, which hit €5.2 billion in 2022.
These infrastructure projects are not just about convenience; they're about transforming the way people live and work in Serbia. With better connectivity, areas that were once considered remote are now within easy reach, making them attractive options for property buyers. This trend is particularly notable in regions where new highways and railways are being developed, offering a fresh perspective on property investment opportunities.
Sources: World Highways, ENKA, Trade.gov, Roncucci & Partners
16) Serbia's stunning nature draws nature lovers seeking vacation homes
Serbia's stunning landscapes are drawing in nature enthusiasts eager to find the perfect vacation home.
In recent years, Serbia has become a hotspot for tourists, with over 4 million visitors in 2023, including more than 2 million from abroad. This surge in international interest highlights the allure of Serbia's natural beauty, especially its mountains and rivers.
The Tara and Kopaonik Mountains are favorites among hikers and campers, making them ideal spots for vacation homes. As these areas gain popularity, property sales are expected to rise, with more people wanting to connect with nature.
Serbia's eco-tourism and adventure tourism are thriving, thanks to its dense forests and wildlife. Activities like hiking, skiing, and exploring caves and canyons offer plenty of adventure opportunities, attracting those eager to enjoy the great outdoors.
Media coverage and social media trends are boosting Serbia's appeal. Stunning images and videos of places like Tara National Park and Uvac Canyon are circulating widely, drawing attention to these natural wonders and encouraging more visitors to explore.
Sources: Margistar, TISC, Travel and Tour World
17) Serbian government investment in renewable energy boosts property values in eco-friendly areas
The Serbian government is making big moves in renewable energy.
In recent years, they've planned to pour around EUR 15 billion into the energy sector, with a hefty portion earmarked for renewables. This isn't just about going green; it's about boosting Serbia's energy independence and sustainability. Imagine a country less reliant on fossil fuels and more in control of its energy future.
Serbia is on track to add over 3,000 MW of new green energy capacity through strategic partnerships. This means more clean energy, less pollution, and a significant cut in carbon emissions. It's a win-win for the environment and the economy, making Serbia a more attractive place to live and invest.
Eco-friendly construction is also getting a push from the government. They're offering incentives and certifications like LEED and BREEAM to promote sustainable building practices. This not only helps the planet but also makes these areas more appealing to potential homeowners.
As a result, properties in these eco-friendly zones are seeing a rise in value. People are increasingly drawn to communities that prioritize sustainability and environmental consciousness. It's not just about living in a house; it's about being part of a movement towards a greener future.
Sources: Balkan Green Energy News, Constructive Voices, International Trade Administration
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18) Serbia's better education system draws families seeking homes
Serbia's education system is becoming a major draw for families looking to buy homes in the country.
In recent years, Serbia has climbed in international education rankings, making it a more attractive option for families. While the PISA 2022 results showed that Serbia's reading performance was below the international median, the overall trend is positive. For instance, Harmonized Learning Outcomes jumped from 458 points in 2003 to 521 points in 2015, which is like gaining two extra years of learning.
Government investment in education infrastructure has also been a game-changer. The School Modernisation Programme, which ran from 2010 to 2014, aimed to improve learning conditions and promote equity. This initiative included renewing and expanding school infrastructure and building new schools, backed by a grant of €800,000 from the WBIF and loans totaling €70,000,000.
New educational programs and curricula are also making waves. The European Union has supported the development of modern curricula for new educational profiles, aligning with labor market needs. For example, 175 secondary vocational schools were modernized, and curricula were revised in over 40% of these schools. This aligns with the National Qualifications Framework, enhancing the quality of education.
Families looking for international standards will find Serbia's education system appealing. The modernization efforts are not just about infrastructure but also about aligning education with global standards. This makes Serbia a compelling choice for families who prioritize education when choosing a place to live.
With these improvements, Serbia is not just a place to live but a place where families can thrive. The focus on education quality and infrastructure is a big plus for anyone considering buying property in the country.
Sources: World Bank Blog, WBIF, EU za tebe
19) Serbia's historical sites boost cultural tourism driving up demand for nearby properties
Serbia's historical sites and architecture are drawing in over 4 million tourists annually, making it a cultural hotspot.
Thanks to the European Union's investment, projects like "Centuries of Bač" are not just preserving landmarks but also boosting their tourist appeal. This has created a ripple effect, enhancing the local economy and increasing property demand near these sites.
In cities like Belgrade, the hospitality sector is thriving, with hotels experiencing significant growth due to the influx of cultural tourists. This boom is naturally pushing up property values around these historical landmarks.
As more tourists flock to Serbia's cultural treasures, the demand for accommodations and properties in these areas is on the rise. The trend is clear: tourism is driving real estate interest near these cultural hotspots.
For those considering buying property in Serbia, this cultural tourism surge offers a unique opportunity. Investing near these historical sites could be a smart move, as property values are likely to continue climbing.
With the EU's ongoing support and Serbia's rich cultural heritage, the future looks bright for both tourism and real estate. Properties near these sites are becoming increasingly desirable, making it an exciting time for potential buyers.
Sources: Tourism in Serbia - Wikipedia, EU Support Fuels Cultural Heritage Revival in the Western Balkans, The Performance of the Serbian Hotel Industry, Serbia Travel 2025: Your Ultimate Balkan Adventure
20) Low living costs in Serbia attract expatriates and retirees seeking affordable housing
Serbia's low cost of living is drawing in expatriates and retirees.
In 2023 and 2024, living expenses for a single person in Serbia were about €615 per month, not including rent. This is much cheaper than many other European countries. Families of four spent around €2,098 monthly without rent, making Serbia a budget-friendly choice for relocation.
When you compare it to the United States, living in Serbia is about 53% cheaper. Everyday costs like food and utilities are also affordable. For example, a loaf of bread is roughly €0.70, and a cup of coffee is about €1.90, which is a bargain compared to major European cities.
Serbia's real estate market, especially in Belgrade, offers great deals for renting and buying. A one-bedroom apartment in the city center costs around €521 per month, while a three-bedroom is about €937. If you're looking to buy, the price per square meter in the city center is approximately €3,024.
Sources: Support Adventure, Global Citizen Solutions
This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.