Just like any other transaction, the purchase of real estate also has its standard procedure. Find a lawyer to make sure no issue is overlooked and avoid unpleasant surprises.
The Real Estate Boom in Serbia
In the last few years, Serbia has become the focus of investors and real estate developers from many countries, most notably, Europe and the Middle East. Fashionable buildings and whole neighbourhoods are mushrooming up in the cities. The most popular locations are the capital, Belgrade and Novi Sad, the centre of Vojvodina province in the north, just an hour away from the capital.
Nis, the biggest city in the south of Serbia, comes in third.
Buying property in Serbia as a foreigner
Contrary to many countries, Serbia has quite liberal regulations for foreign citizens buying real estate. If your country allows Serbians to buy property there, you can also buy property in Serbia – also known as the principle of reciprocity.
But what if your country does not fall into this category? In that case, you can still buy real estate if it is necessary for your business in Serbia. This means that you can also buy an apartment to live if you own a business in Serbia, in addition to shop premises or storage facilities.
Let us navigate the bureaucracy for you
That said, the paperwork connected to buying property in Serbia is not trivial. You have to submit papers to or obtain papers from several different offices, all with their own requirements and deadlines. It is also worth checking if the buyer is keeping to all the regulations when building or renovating a property. As always, it is best to thoroughly examine every detail in advance, rather than having to go to court because of an oversight.
Make use of our local knowledge
Finally, even if all the paperwork is in order, you will want to know that you are getting the best possible deal. Our extended network of real estate partners in Belgrade and Novi Sad guarantees that we can recommend the best deal, so you get the best value for your money.