Gross rental yields in Serbia: Belgrade and Novi Sad
Average residential gross rental yield in Serbia stands at 5.57% (Q3, 2025).
Cities compared
- Belgrade
- Novi Sad
Historical rental yields in Serbia:
View the full rental yield dataset (2025 - Present)
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Last Updated: July 31, 2025 |
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| BELGRADE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Belgrade (all locations) | |||
| Studio | €78,000 | €450 | 6.92% |
| 1-Bedroom | €139,500 | €750 | 6.45% |
| 2-Bedroom | €187,000 | €900 | 5.78% |
| 3-Bedroom | €250,000 | €1,300 | 6.24% |
| 4+Bedroom | €340,000 | €1,800 | 6.35% |
| Belgrade avg. Rental Yields | 6.35% | ||
| NOVI SAD - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Novi Sad (all locations) | |||
| Studio | €67,000 | €260 | 4.66% |
| 1-Bedroom | €97,900 | €400 | 4.90% |
| 2-Bedroom | €135,400 | €500 | 4.43% |
| 3-Bedroom | €185,400 | €750 | 4.85% |
| 4+Bedroom | €257,500 | €1,100 | 5.13% |
| Novi Sad avg. Rental Yields | 4.79% | ||
| 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 and KupujemProdajem |
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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights into Serbia’s property market. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Serbia, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:
(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
