Real estate investment in Serbia: Advice
Last activity 22 July 2024 by Bhavna
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Good Day
I'm from South Africa and considering the possibility of buying property in Serbia. My situation: I have about 22 000 Euro to work with, and urgently need to get these funds out of my home country as government confiscations are looming.
I'm specifically looking for something not just to live in myself, but which would also be a sound investment.
Is it still possible to qualify for residency in Serbia based on real estate ownership?
What can I afford on this budget (at best) in: Belgrade, Novi Sad, and smaller towns and villages?
Your time and info is very much appreciated, thanks in advance,
Kind Regards,
Carter
Hi Carter,
A short answer is yes the will allow you enough to purchase a house in a smaller town/village. In Belgrade you might get 15 sqm for that price and in Novi Sad about 20 to 25 sqm. In smaller villages you can get a decent house but, it might require a little renovation work.
I can refer you to a lawyer that can assist you with residency, property purchase, forming a company, etc..
Regards from Serbia
Dale
Hi
Please also provide me the contact of the lawyer that can help me in company formation
Sent a PM with a link to his website. Aleksandar speaks really good English.
Dale
Hi
I can recommend you the lawyer that helped me to get residency in Serbia on a basis of company formation.
If you are interested, send me a message.
@GuestPoster010 My wife and I were encouraged to invest in real estate here by our hosts, as we came to Serbia as travellers only. Never did we look back. Whether you're looking to invest in land in rural areas (agriculture, etc) for airbnb like them (they're the guys from [link moderated]), it's entirely up to you. Legally speaking, it is more difficult to do this in India (where we come from) than in Serbia. I suggest you start with places close to Belgrade, as I heard the metro line will extend to places like Obrenovac in the following years. Nothing to lose given that the prices are as low as they are.
@GuestPoster010
Contact me. I know someone. I need to know some things about you personally. I want to help. But you must answer my questions honestly.
If you plan to own a house in RS 22,000 EUR will never cover the costs for living near Belgrade or any of the major cities. You will only be able to afford a house in the villages. Whatever you think the cost will be - double it. EU banks took over RS mortgages. The takeover was completed in 2020. They lowered interest rates giving out credit (printed money) like Halloween candy to put the people into debt. Serbs are agreeing to put the bankers debt slave shackles on. Same as Western countries.
With credit the price of houses and cars have skyrocketed. The days of owning a nice house for 22,000 EUR near Belgrade are gone. You can't even get a garage for this price anymore.
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