Rental incomes moderate to good in Serbia ranging from 4.59% to 7.42%

November 22, 2022

Last Updated: Sept. 27, 2022
BELGARDE - Apartments COST (€) YIELD (p.a.)
Belgrade (all locations)
Studio €60,000 €280 5.60%
1-Bedroom €98,500 €500 6.09%
2-Bedroom €149,000 €600 4.83%
3+Bedroom €229,000 €1,000 5.24%
Belgrade avg. Rental Yields 5.44%
NOVI SAD - Apartments COST (€) YIELD (p.a.)
Novi Sad (all locations)
Studio €57,500 €220 4.59%
1-Bedroom €82,400 €400 5.83%
2-Bedroom €110,210 €450 4.90%
3+Bedroom €145,500 €900 7.42%
Novi Sad avg. Rental Yields 5.68%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Rental yields are moderate to good in Serbia. In Belgarde, the average yield is around 5.44% and in Novi Sad, you can expect a similar yield of 5.68%.

Round trip transaction costs when buying residential property are moderate to low in Serbia. See our residential property transaction costs analysis in Serbia and residential property transaction costs in Serbia, compared to the rest of Europe.