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Mar 28, 2013

Rental incomes in Serbia – in Belgrade, rental yields range from 5.34% to 6.79%

			Last Updated: Mar. 28, 2013
NOVI BEOGRAD - Apartments	COST (€)		YIELD (p.a.)	PRICE/SQ.M. (€)
NOVI BEOGRAD - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
50 sq. m.	81,400	429	6.32%	1,628	8.58
65 sq. m.	107,510	529	5.91%	1,654	8.14
80 sq. m.	137,920	721	6.27%	1,724	9.01
120 sq. m.	225,240	1,138	6.06%	1,877	9.48
SAVSKI VENAC - Apartments
50 sq. m.	82,750	398	5.76%	1,655	7.95
85 sq. m.	151,555	910	7.20%	1,783	10.70
120 sq. m.	264,600	1,511	6.40%	2,205	11.76
200 sq. m.	483,000	2,242	5.57%	2,415	11.21
STARI GRAD - Apartments
40 sq. m.	79,920	331	4.97%	1,998	8.27
75 sq. m.	149,625	597	4.79%	1,995	7.96
120 sq. m.	268,680	994	4.44%	2,239	8.28
VRACAR - Apartments
35 sq. m.	72,765	314	5.18%	2,079	8.98
60 sq. m.	106,740	476	5.36%	1,779	7.94
80 sq. m.	144,320	620	5.16%	1,804	7.75
120 sq. m.	285,600	1,115	4.68%	2,380	9.29
200 sq. m.	497,600	n.a.	n.a.	2,488	n.a.
ZVEZDARA & VOZODOVAC - Apartments
30 sq. m.	52,740	229	5.22%	1,758	7.64
60 sq. m.	97,860	398	4.88%	1,631	6.63
80 sq. m.	131,600	476	4.34%	1,645	5.95
120 sq. m.	208,680	808	4.64%	1,739	6.73
Districts researched: Novi Beograd: NBGD - Arena, NBGD - Fontana, NBGD - opština, NBGD - Sava centar, NBGD - Fontana, Hotel Jugoslavija Savski Venac: Dedinje, Senjak, Beli dvor - RTV Pink, Banjički venac, Savski trg - Pristanište, Klinički centar, Banjički venac Stari Grad: Centar, Dorcol, Kalemegdan, Terazije, Tasmadjan Vracar: Vračar - Kalenić pijaca, Vračar - Hram, Slavija Zvezdara & Vozdovac: Dušanovac, Lekino brdo, Lion, Đeram pijaca, Denkova bašta, Vukov Spomenik Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

It is a mixed picture for property in Belgrade. Square metre prices of apartments in Belgrade have continued to fall. But there has been a recovery in rents and rental yields of apartments all throughout Belgrade, in comparison with the previous year.

Compared with last year’s data, apartment prices experienced an average price drop of 8%, with Vracar experiencing the highest price falls of 13%, while New Belgrade experienced the least, at 4%.

Rental returns however showed the opposite trend. Real estate investors in Belgrade have enjoyed an average 27% increase in rental yields compared with last year, and an average increase of 36% in rental income.

Investment apartments in Vracar and Stari Grad showed the most dramatic increase in rental income, earning as much as 44% more than last year’s rental income.

Dedinje and Senjak remain as the most expensive neighborhoods in Belgrade, with apartments selling from €1,900 to €2,300. This is followed closely by neighborhoods in Vracar and Stari Grad with average square metre prices of €2,064 and €2,030 respectively.

New Belgrade apartments achieved the highest rental return, reaching 6.79%. Square metre prices in New Belgrade range from €1,635 to €1,918, an average drop of 4% from last year’s €1,735 to €2,022. Average rental yields are moderately good, at 6.40%.

The cheapest apartments remain those in Vozdovac and Zvezdara, with average square metre prices of €1,654.

Serbia - more data and information

» How much tax must foreign owners pay when they rent out their Serbian property?

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