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Mar 29, 2014

Rental incomes in Serbia – in Belgrade, rental yields range from 4.34% to 7.20%


Last Updated: Mar. 29, 2014
NOVI BEOGRAD - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
35 sq. m. 73,605 358 5.84% 2,103 10.24
60 sq. m. 115,800 537 5.56% 1,930 8.95
80 sq. m. 148,480 682 5.51% 1,856 8.52
120 sq. m. 249,840 1,249 6.00% 2,082 10.41
SAVSKI VENAC - Apartments
40 sq. m. 87,000 446 6.16% 2,175 11.16
75 sq. m. 172,875 822 5.70% 2,305 10.96
120 sq. m. 338,040 1,475 5.23% 2,817 12.29
STARI GRAD - Apartments
35 sq. m. 91,455 394 5.17% 2,613 11.27
60 sq. m. 140,280 631 5.40% 2,338 10.52
80 sq. m. 182,560 777 5.11% 2,282 9.71
120 sq. m. 332,640 1,244 4.49% 2,772 10.37
VRACAR - Apartments
35 sq. m. 87,920 389 5.31% 2,512 11.12
60 sq. m. 144,240 613 5.10% 2,404 10.22
80 sq. m. 197,840 699 4.24% 2,473 8.74
120 sq. m. 350,880 1,229 4.20% 2,924 10.24
ZVEZDARA &
VOZODOVAC - Apartments
35 sq. m. 65,100 336 6.19% 1,860

9.59

55 sq. m. 99,110 391 4.73% 1,802 7.11
75 sq. m. 140,400 539 4.60% 1,872 7.18
120 sq. m. 246,240 930 4.53% 2,052 7.75
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

Property prices in Belgrade have continued their downward momentum, which we noted last year. Square metre prices of apartments in Belgrade, particularly smaller apartments, have continued to fall, except in the lowest-cost areas we surveyed, Vozdovac and Zvezdara. Rents have also fallen throughout Belgrade.

Rental yields of apartments have fallen somewhat, except in the most expensive district (Savski Venac), where yields have improved. This district, and Novi Beograd, now have the best yields in Belgrade (rental yields are a measure of the rent obtained by letting the property, divided by the current cost of buying the property).

Square metre prices in the prime area of Savski Venad range from €1,655 to €2,414 - compare this with two years ago, when they ranged from €2,067 to €2,612. So there has been a significant fall. Average rental yields are moderately good, at 6.23%.

Square metre prices in New Belgrade range from €1,628 to €1,877 - compare this again to two years ago, when square metre prices here ranged from €1,735 to €2,022. Average rental yields are also moderately good here, at 6.14%.

The cheapest apartments remain those in Vozdovac and Zvezdara, with average square metre prices of €1,693. The values of these apartments have fallen compared to two years ago, but they seem to have risen slightly compared to last year. Yields here are moderate, with an average yield of 0.48%






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